The Nov BTO exercise will close shortly tonight. In this final BTO exercise for 2014, we did a few firsts:
First, we launched the first housing project in Tampines North. The project, with about 1,500 units, is our largest offering in a mature estate in a long time. Children growing up with their parents in Tampines can now hope to buy new flats near them.
Second, we offered 56 units of 3Gen flats, the first time 3Gen flats are offered in a mature estate (Tampines).
Third, we introduced quotas to make it easier, and offered even greater priority, for married children and their parents to apply to live together or close by, through the enhanced Married Child Priority Scheme (MCPS).
Not surprisingly, the response to these initiatives was very positive. 1 in 3 (or 5,941) family applicants applied to live with or close to their parents or married children through the enhanced MCPS. 123 multi-generation families applied for the 56 units of 3Gen flats at Tampines GreenRidges. The supply at Tampines North was oversubscribed by more than 1.3 times.
Our housing policies will continue to support strong family formation. Next year, as we celebrate SG50, MND will do even more to help extended families live close by. We will launch another 360 3Gen flats, including 150 units in Tampines. We will launch another 1,200 new flats in Tampines North, again giving priority to those whose parents or married children are already living in Tampines. We will also launch our first BTO project in Bidadari, with over 2,200 units. Parents or married children currently living in Toa Payoh will get special priority under the MCPS for the Bidadari project.
Our family is what makes us happy, and that which gives meaning to our life. As 2014 draws to a close, let us be reminded again, to always make time to spend with our family and loved ones, and enjoy life to its fullest.
Please visit the MND Facebook to leave a comment.