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Real Estate Realities by Ku Swee Yong

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6.

Surge in subletting needs dealing with

 

15 March 2013, TODAY

The Minister of National Development announced a slew of improved measures for the public housing segment during the Committee of Supply debate on 8 March 2013. The speech titled “Shaping our housing policies together” demonstrated the caring side of our government with additional privileges and benefits given to young married couples, expectant mothers, vulnerable families such as widowers and divorcees, and also seniors and retirees.

Most significantly, the new policy allowing singles to purchase new two-room flats in non-mature estates from HDB is a clear signal that the government is listening more to this growing segment of our population.

However, the massive headlines ...

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