Many newly wedded couples are looking to stay near their parents for various reasons, but if that is going to be a mature estate and in prime area will be a big concern. This is especially so for young couples who had started working for not too long and do not have that much CPF or cash, grants will surely comes in handy.
Why not BTO, you might ask?
That’s because during that time it might still not be available or the 5 years wait is just too long to bear.
Buy resale flat near parents? Financial help is key
This could mean giving a higher resale grant, or allowing more buyers to qualify for it. Experts said that unlike new flats, which allow for quotas or different ballot chances, the resale market has just one main possibility for intervention: financial help. Chris International director Chris Koh noted that the grant used to be $50,000, but was reduced to $45,000 and then to the current $40,000. Read more…
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