Continue reading this on our app for a better experience

Open in App
Home News Property

Singapore to study better housing access for singles, ST says

Bloomberg
Bloomberg • 1 min read
Singapore to study better housing access for singles, ST says
A view of D'Leedon, one of the condos in Singapore. Photo: Bloomberg
Font Resizer
Share to Whatsapp
Share to Facebook
Share to LinkedIn
Scroll to top
Follow us on Facebook and join our Telegram channel for the latest updates.

Singapore will study more equitable access to housing types for singles, the Straits Times reported, citing National Development Minister Desmond Lee.

Home ownership remained a key point of discussion between groups of singles and second-time buyers, though their circumstances “varied greatly,” Lee said at an event.

Housing types across mature and non-mature estates as well as prime locations will be studied. To address affordability concerns, some ideas being considered include “rent-to-own” models, where tenants have the option to buy their rental unit after some time. There’s also the possibility of buying homes sold with shorter leases, the report said.

Singles are largely shut out of Singapore’s subsidised housing programme that generally favours married couples. Some of the issues discussed at the event included restrictions on singles buying property in prime locations, the report said.

×
Loading next article...
The Edge Singapore
Download The Edge Singapore App
Google playApple store play
Keep updated
Follow our social media
© 2024 The Edge Publishing Pte Ltd. All rights reserved.