Asked on 17 Dec 2019
If money isnt a constraint, what causes this restriction? Additionally, why do singles have to wait till 35 to buy HDBs? Many couples get married young just to BTO and earn money by reselling their house. This option isnt very viable for singles as their BTO will only TOP when they're 40 years old, causing them to lose yrs of potential earnings that their married counterparts benefit with. Just wanted to hear your views from a finance/resource pov.
HDB / Govt has always said that HDB flats are for own stay. It is not a means for people to profit from (though citizens think otherwise).
It is therefore extremely reasonable to say that bigger HDB flats has to be allocated and prioritised to families who need the rooms and space. Why would singles need so many rooms for own stay?? It is not "excluding" singles. In fact, singles ought to go check out how many are renting from hdb - whole family squeezing into a one room rental while waiting to get their bigger flats. Life is not about you alone, singles.
If you have money, and money is not a problem, there are resale flats and private housing. Please, there are many more families out there who need the space, the rooms.. for own stay.. instead of pandering to your "investment and rental".
Last but not least, and this is just pure economics - government HAS to encourage marriage and giving birth to children. There is little to no incentive for people to get married and have children if they can get away with singlehood. Honestly.. most females prefer not to bring up another man child (pampered to bits by their parents and who doesn't know how to grow up into their new responsibilities)...
Plus all things being equal.. a family of four looking for a single HDB flat contributes more to the economy (think about how much they spend on raising the children) and taxes more than a single person contributing to the economy and in taxes. How do we make sure it's fair to them?
Singles bring no continued succession, tax paying citizens to sustain a country's future (brutally honest. And am sorry for saying that). People complain about immigrants yet there is no citizens giving birth.. then how? National policies are at stake here too. After 35 - see how that kinda coincide with near end of biological age for women.. not sure if that's truly the case.. but ok.. govt resigned to fate maybe.. that these folks are not getting married. Fine. Get a flat.
Just another POV. Guesswork.
But for a singapore citizen age 21 & above with at least 1 parent/ child with Long Term Visit Pass or Work Pass can buy a resale flat under Non-Citizen Family Scheme.
Am I right?
SG Govt favours family and marriage. They are biased towards singlehood and do not want to be seen as encouraging singles to buy up the bigger flats which families need.
There are a number of considerations to this end.
For instance, we have to understand the land constraint in Singapore. If everyone is able to buy a HDB on their own upon fulfiling the financial and legal age requirement, the supply will never be enough to meet demand.
Additionally, part of Singapore's policy is to encourage the residents to start a family. With this rule, it induces the residents to consider starting a family in a bid to buy a home.
Here is everything about me and what I do best.