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Wednesday, September 25, 2013
New 3Gen housing in Singapore, Boon or Bane?
From the Straits Times:
The Housing Board (HDB) announced Thursday that it has launched 5,293 flats for sale under this month's Build-To-Order (BTO) Exercise.
These are made up of 4,156 new BTO flats in Punggol and Yishun, and another 1,137 units of balance two-room flats from previous BTO exercises to address the strong demand from singles. HDB will also offer the 84 Saraca Breeze @ Yishun units under the pilot Three-Generation (3Gen) flats scheme and implement the enhanced Multi-Generation Priority Scheme in this BTO exercise.
This scheme had previously only allowed parents to apply for a studio apartment or a two-room flat as part of a joint application with their married child, who in turn could apply for a two-room or bigger flat in the same BTO project. With effect from this BTO launch, however, parents will now be able to apply for a three-room flat under the scheme, in addition to studio apartment or a two-room flat.
HDB will set aside up to 15 per cent of the studio apartments, two-room and three-room flats in a BTO project for parents applying under the scheme, subject to a minimum of 20 units under each flat type. The same number of two-room and bigger flats will be set aside in the same BTO project for their married children.
http://www.straitstimes.com/breaking-news/singapore/story/hdb-puts-5293-flats-under-september-bto-exercise-20130926
In the new 3 Generations home which is approx 115sqm, one will get to enjoy 2 bedrooms that have each own attached bathroom, this is a rare sight in HDB nowadays unless you do a major overhaul otherwise. This will greatly allow 3 Generations: Baby Boomers, Gen X and Gen Y to stay in an apartment with the objective to cater for more family cohesion!
However with the litle common space available, the total area of a 3 Gen HDB is only approx bigger than a 5-room flat(110sqm), will this prove to a success?
We will find out when the balloting result shows if there is a high demand for the 3 Gen HDB
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