More people going for 3Gen Homes – Why?

Have you heard? More people are starting to like 3Gen Homes and uptake of such homes are growing in numbers.

What is 3Gen homes?

3Gen flats are so-called the homes catered for multi-generational living. The government loves the idea of families staying together in one big family. It also seen as a good choice for local couples who want to live together with their old folks. These 3Gen apartments come in sizes that are bigger than the average, they are usually 115 square metre and above. Singaporeans can only apply for a 3Gen home together with they parents in the application.

These 3Gen HDB flats usually cost about $300,000 to $600,000 depending on how good the location of the flat is. Importantly, 3Gen flats have an additional restriction to the regular HDB flat and that is they can only be sold to other multi-generation living once the owners have completed the usual Minimum Occupancy Period (MOP). To add on, these homes also cannot be rented out in terms of room rental until the Minimum Occupation Period (MOP) has ended.

In the beginning, many had doubt the take up rate of these apartments back in 2013. No one had ever thought they would be popular because of the resale restrictions. Even the government did not seem impressed after it put such homes out in the market. Said former Minister Khaw Boon Wan – “I doubt it is a huge demand, so we will try it out and if it works … If it doesn’t, it doesn’t matter”

Recent sales of these homes

Things have completely changed today, more than 650 units of such apartments were booked since the release of these units in recent developments such as Saraca Breeze @ Yishun, Punggol BayView, and Tampines Green Ridges. Many of the new executive condominiums are also featuring this. Check out Sol Acres Executive Condo.

This unexpected response is puzzling and at the same time have revealed how several of traditional school of thought on Singaporean home buyers may in fact be wrong.

Many of such home buyers mentioned that the need to take care of their aging parents is at their utmost priority. For a handful, the cost of running to and from their folks’ apartment flat as well as the upkeep of the place makes it alot more economical, in terms of time and money, to simply live with their parents.

Today, there have been a number of HDB flats are bought for over a million dollars. Many say that these people bought at such prices because they see their flats as their retirement income; it’s certainly a common strategy to downsize the flat to fund retirement. For some, Buyers of these flats may not even bother about resale gains, so it doesn’t matter that they can only resell to other multigenerational families (they may never want to resell).

86 thoughts on “More people going for 3Gen Homes – Why?”

  1. In fairness to Carter, he did not intervene at gunpoint to put Khomeini in power in Iran, so that makes him better than Obama.Nope, he only got the CIA and MI6 to fund Khomeini and his faction so they come on top of the revolution. With no reliable allies in Iran, and a strong communist party, it made sense at the time to secretly support someone who was "His Own Bastard and Nobody El9&;#3s;s&quote. Pity about the hostages, though.

  2. Howdy! This is my first comment here so I just wanted to give a quick shout out and say I truly enjoy reading through your articles. Can you recommend any other blogs/websites/forums that go over the same topics? Thanks a lot!

  3. I just couldn’t leave your website before suggesting that I extremely enjoyed the standard info an individual supply to your visitors? Is going to be back often in order to check up on new posts

  4. This design is steller! You certainly know how to keep a reader entertained. Between your wit and your videos, I was almost moved to start my own blog (well, almost…HaHa!) Excellent job. I really enjoyed what you had to say, and more than that, how you presented it. Too cool!

  5. Everyone loves what you guys are usually up too. Such clever work and reporting! Keep up the very good works guys I’ve added you guys to my blogroll.

  6. I’m not that much of a online reader to be honest but your blogs really nice, keep it up! I’ll go ahead and bookmark your website to come back in the future. All the best

  7. Howdy! This article could not be written much better! Looking at this article reminds me of my previous roommate! He continually kept talking about this. I will send this information to him. Fairly certain he’ll have a very good read. Thank you for sharing!

  8. Woah! I’m really loving the template/theme of this blog. It’s simple, yet effective. A lot of times it’s difficult to get that “perfect balance” between usability and visual appeal. I must say that you’ve done a excellent job with this. Also, the blog loads extremely fast for me on Safari. Outstanding Blog!

  9. Great post. I was checking constantly this blog and I’m impressed! Extremely helpful information specifically the last part 🙂 I care for such information a lot. I was seeking this particular information for a very long time. Thank you and good luck.|

  10. Please let me know if you’re looking for a writer for your site. You have some really great articles and I think I would be a good asset. If you ever want to take some of the load off, I’d really like to write some articles for your blog in exchange for a link back to mine. Please shoot me an email if interested. Thanks!

  11. May I simply just say what a comfort to find somebody who genuinely understands what they are talking about online. You certainly realize how to bring an issue to light and make it important. A lot more people must look at this and understand this side of your story. I can’t believe you aren’t more popular because you most certainly possess the gift.

  12. Hmm it seems like your site ate my first comment (it was super long) so I guess I’ll just sum it up what I submitted and say, I’m thoroughly enjoying your blog. I too am an aspiring blog writer but I’m still new to everything. Do you have any suggestions for newbie blog writers? I’d certainly appreciate it.

  13. I will immediately take hold of your rss feed as I can not in finding your email subscription hyperlink or newsletter service. Do you’ve any? Kindly let me realize so that I may subscribe. Thanks.

  14. Definitely believe that that you said. Your favourite justification appeared to be at the net the simplest thing to be mindful of. I say to you, I certainly get annoyed whilst other folks consider issues that they just don’t understand about. You managed to hit the nail upon the highest and also defined out the entire thing without having side-effects , other folks can take a signal. Will probably be back to get more. Thanks

  15. It’s a pity you don’t have a donate button! I’d most certainly donate to this superb blog! I suppose for now i’ll settle for book-marking and adding your RSS feed to my Google account. I look forward to fresh updates and will share this blog with my Facebook group. Talk soon!

  16. Hello there, I found your blog by way of Google at the same time as looking for a related matter, your site got here up, it seems good. I have bookmarked it in my google bookmarks.

  17. Hi, i think that i noticed you visited my blog so i got here to return the choose?.I am attempting to find things to improve my web site!I guess its good enough to use a few of your concepts!!

  18. Heya i’m for the first time here. I found this board and I find It really useful & it helped me out much. I hope to give something back and help others like you helped me.

  19. Good day I am so thrilled I found your webpage, I really found you by mistake, while I was researching on Google for something else, Regardless I am here now and would just like to say thanks for a remarkable post and a all round enjoyable blog (I also love the theme/design), I don’t have time to read through it all at the minute but I have book-marked it and also added in your RSS feeds, so when I have time I will be back to read a lot more, Please do keep up the awesome b.
    click here http://femaclaims.org/members/millazbp56214/activity/494687/

  20. Greetings I am so grateful I found your webpage, I really found you by error, while I was researching on Askjeeve for something else, Anyhow I am here now and would just like to say thank you for a tremendous post and a all round enjoyable blog (I also love the theme/design), I don’t have time to look over it all at the minute but I have book-marked it and also added in your RSS feeds, so when I have time I will be back to read a lot more, Please do keep up the excellent work.
    click here http://www.domenicomagnifica.it/component/k2/itemlist/user/81032

  21. I simply want to say I’m new to blogs and seriously savored you’re blog. More than likely I’m going to bookmark your blog post . You really come with incredible articles. Appreciate it for sharing with us your web site.

  22. Hello there, just became alert to your blog through Google, and found that it’s truly informative. I抦 going to watch out for brussels. I will be grateful if you continue this in future. Lots of people will be benefited from your writing. Cheers!

  23. Great blog! Do you have any helpful hints for aspiring writers? I’m hoping to start my own blog soon but I’m a little lost on everything. Would you recommend starting with a free platform like WordPress or go for a paid option? There are so many options out there that I’m completely overwhelmed .. Any ideas? Thanks a lot!

  24. Hey There. I found your blog using msn. This is an extremely well written article. I’ll make sure to bookmark it and come back to read more of your useful information. Thanks for the post. I’ll certainly return.

  25. Most people just require sex. Dui lawyer las vegas to have an acquaintance you might ask them what is their favorite option to take. The friends who are truthful and open will tell you, they just want for getting sex.These three voices, the creator, the realist, and also the critic all need in order to become heard, even though at the same time frame. According to Dilts, what Disney did was create three separate environments. Disney’s creative process starts in the creativity rm. In this room no amount of reality or criticism is allowed.Ha! I understand what is on the human brain now. But well, there’s nothing wrong, not really? Go create that perfect atmosphere; a setting that would make one’s heart beats conveniently. An atmosphere that would create the sudden chemistry of love flowing between both individual. A roller coaster journey? A haunted house adventure? Working with a good laugh together after the rides? Just a little nice chatting session over the coffee table after a match of his favorite sports, tennis? Singing her an appreciation song with both guitar previous to everyone?In an active video chat posted to his official website Thurs (7/14/11), the Canadian crooner provided song details about the Yuletide project which the duet with fellow Canuck superstar Shania twain.But I wish to tell you about an impression in internet dating that maybe you have not put much thought into. Have you ever thought of dating women from another country? I am just not chatting about a cross country relationship and i’m really not talking a couple of mail order bride. Instead what Setting up is having the ability to meet one that has very similar interests you r and that will make a great partner in order to for years to come. She doesn’t have to imagine down the street.After several cycles through this system, the ideas are fresh, will stand the test of reality and fulfill the critics. The key is to focus each . When creating, create. When being a realist become a realist and, only criticize when their critic functionality. You do not necessarily need to separate your lives spaces, it also will advice. Once people realize that a room or specific space is reserved for a particular mindset, they will focus their thoughts for your task taking place.We have super exciting news to make you TA’ers! The Twilight-inspired group, Mitch Hansen Band, will be joining us on May 27th a good exclusive video chat they’re competent! Not only do they going to grant us a live free sex interview, though they will be also performing a few lives songs for country!The cam-to-cam chat is like an immediate social networking web site that has quite a few attributes in order to your chat go through amazing. Some online sites also have technical enable to solve the items you could possibly encounter during an live chat. You’d also make contact with these internet websites when the any strategies or responses to hand. What on earth is more, may potentially also generate income aside from chatting at it cam clearly show. There are actually webcam affiliate plans signifies of it is simple generate nowadays dough whilst using pleasure.Wireless technology allows the Mac-ophile in order to their computer’s iTunes library from any room the actual world house, i’m able to Apple Airport Express with Air Audio. It is best with both Windows and Mac OS Y.Mike and Andrew are two regular characters of “Desperate Housewives” and producer has already confirmed that the shooter is really a regular character of the show. Mike and Andrew could definitely be one of these two who shot Paul Young. What do you think?

  26. I think this is among the most important info for me. And i’m glad reading your article. But should remark on some general things, The web site style is ideal, the articles is really excellent : D. Good job, cheers

  27. Great ¡V I should certainly pronounce, impressed with your website. I had no trouble navigating through all the tabs as well as related info ended up being truly simple to do to access. I recently found what I hoped for before you know it in the least. Quite unusual. Is likely to appreciate it for those who add forums or anything, website theme . a tones way for your customer to communicate. Nice task..

  28. I do accept as true with all of the ideas you’ve presented for your post. They are really convincing and can certainly work. Nonetheless, the posts are too short for novices. May just you please lengthen them a bit from next time? Thanks for the post.

  29. Hello, Neat post. There’s an issue along with your website in internet explorer, may test this… IE still is the market leader and a large component of folks will omit your magnificent writing due to this problem.

  30. Faytech North America is a touch screen Manufacturer of both monitors and pcs. They specialize in the design, development, manufacturing and marketing of Capacitive touch screen, Resistive touch screen, Industrial touch screen, IP65 touch screen, touchscreen monitors and integrated touchscreen PCs. Contact them at http://www.faytech.us, 121 Varick Street,3rd Floor,New York, NY 10013,+1 646 205 3214

  31. Howdy just wanted to give you a brief heads up and let you know a few of the images aren’t loading correctly. I’m not sure why but I think its a linking issue. I’ve tried it in two different internet browsers and both show the same outcome.

  32. MetroClick specializes in building completely interactive products like Photo Booth for rental or sale, Touch Screen Kiosks and Digital Signage, and experiences. With our own hardware production facility and in-house software development teams, we are able to achieve the highest level of customization and versatility for Photo Booths, Touch Screen Kiosks and Digital Signage. MetroClick, 121 Varick St, #301, New York, NY 10013, +1 646-843-0888

  33. Hello, Neat post. There is a problem together with your website in web explorer, would check this… IE nonetheless is the market leader and a big part of people will leave out your excellent writing due to this problem.

  34. I wish to voice my affection for your kindness for those people that must have help with that area of interest. Your very own dedication to getting the solution throughout turned out to be exceedingly useful and have regularly helped workers like me to attain their desired goals. Your entire valuable instruction implies a whole lot a person like me and a whole lot more to my office workers. Many thanks; from all of us.

  35. Faytech North America is a touch screen Manufacturer of both monitors and pcs. They specialize in the design, development, manufacturing and marketing of Capacitive touch screen, Resistive touch screen, Industrial touch screen, IP65 touch screen, touchscreen monitors and integrated touchscreen PCs. Contact them at http://www.faytech.us, 121 Varick Street,3rd Floor,New York, NY 10013,+1 646 205 3214

  36. I’m pretty pleased to discover this page. I wanted to thank you for your time just for this fantastic read!! I definitely enjoyed every part of it and I have you bookmarked to see new information in your site.

  37. MetroClick specializes in building completely interactive products like Photo Booth for rental or sale, Touch Screen Kiosks and Digital Signage, and experiences. With our own hardware production facility and in-house software development teams, we are able to achieve the highest level of customization and versatility for Photo Booths, Touch Screen Kiosks and Digital Signage. MetroClick, 121 Varick St, #301, New York, NY 10013, +1 646-843-0888

  38. I’m commenting to let you understand of the useful encounter my cousin’s girl obtained going through your web page. She discovered too many details, including what it is like to have a great teaching mindset to make most people clearly comprehend selected specialized subject matter. You really exceeded our expected results. Thanks for displaying these important, trustworthy, explanatory and in addition fun thoughts on that topic to Janet.

  39. Emeryeps is a SEO(Search Engine optimzation) and Internet Marketing company. They help businesses to get traffic from various search engine and online community. They have seo experts and consultants with many years of SEO Experiences. No matter where your business is located, EmeryEPS.com can help your business to secure your highly convertible leads online.

  40. I simply wish to tell you that I am new to writing and really valued your information. Most likely I am probably to store your blog post . You indeed have fantastic article blog posts. Delight In it for giving out with us your favorite website article

  41. Faytech North America is a touch screen Manufacturer of both monitors and pcs. They specialize in the design, development, manufacturing and marketing of Capacitive touch screen, Resistive touch screen, Industrial touch screen, IP65 touch screen, touchscreen monitors and integrated touchscreen PCs. Contact them at http://www.faytech.us, 121 Varick Street,3rd Floor,New York, NY 10013,+1 646 205 3214

  42. A person essentially assist to make severely articles I might state. This is the first time I frequented your web page and so far? I amazed with the research you made to make this particular publish extraordinary. Great activity!

  43. MichaelJemery.com is a site with many hypnosis downloads. Whether you are looking for free hypnosis downloads, self hypnosis download for mp3, video and any audio files, Michael Jemery has the downloads for you. You can download hypnosis from apps, audio, mp3 and even youtube !

Leave a Reply

Your email address will not be published. Required fields are marked *