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UNLOCKING OPPORTUNITIES: SINGLES AND THE RECENT NATIONAL DAY RALLY UPDATE ON THEIR HOUSING BENEFITS

During the National Day Rally held on August 20, 2023, Prime Minister Lee Hsien Loong unveiled fresh housing initiatives. These encompassed the replacement of the mature/non-mature estate classification with a revamped flat categorisation system, efforts aimed at improving the elderly-friendly aspects of HDB flats and neighborhoods, and, central to our discussion, the broadened range of housing options available to single buyers.

SINGLES IN SINGAPORE

‘The new framework – Standard, Plus, and Prime – will affect everyone buying a new HDB flat, but there is one special group I want to address: the singles. More and more Singaporeans are choosing to be single. Singles too hope to own their homes and have more housing choices. We hear your concerns.’ PM Lee remarked in his National Day Rally Speech.

Indeed, the 2021 Marriage and Parenthood (M&P) Survey, conducted between February and June 2021, gathered

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