Kaeden Ong

More couples living near parents

Posted by Kaeden Ong on 31st May 2014 in Blog

More married couples are living with or near their parents, based on preliminary findings on their living arrangements through the recently concluded HDB Sample Household Survey (SHS).

National Development Minister Khaw Boon Wan revealed in a blog post the proportion of those who live together or close by to their parents in the same HDB estate has grown from 31 percent in 2003 to 37 percent in 2013.

50 percent of couples would like to live together or near their parents in 2013, but only 37 percent were able to do so.

“I strongly support families living close to one another. It makes a lot of practical sense, besides nurturing strong family bonds and allowing family values to be passed on from grandparents to their grandchildren. We must do more to help families stay close to one another,” Mr Khaw wrote.

Greater priority has been given to Singaporeans who apply for a BTO flat in the same HDB estate as their parents. Eligible first-timers who buy a HDB resale flat with or in the same estate as their parents also receive a higher-tier CPF Housing Grant. $40,000 up from $30,000.

Credits: Property Guru

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