{"id":42059,"date":"2017-01-27T11:28:33","date_gmt":"2017-01-27T04:28:33","guid":{"rendered":"http:\/\/www.siamlandbank.com\/propertynews\/property-news\/strong-demand-for-3gen-flats\/"},"modified":"2017-01-27T11:35:21","modified_gmt":"2017-01-27T04:35:21","slug":"strong-demand-for-3gen-flats","status":"publish","type":"post","link":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/strong-demand-for-3gen-flats\/","title":{"rendered":"Strong demand for 3Gen flats"},"content":{"rendered":"


\nArtist\u2019s impression of the Saraca Breeze @ Yishun BTO project. (Source: HDB)
\nThe three-generation (3Gen) flats launched by the Housing and Development Board (HDB) from 2013 to 2015 recorded an average take-up rate of 83 percent, with buyers booking 651 of the total 786 units, reported TODAYonline, citing a media fact sheet from the agency.
\nOf the 651 flats, 53 percent were taken up by second-time buyers, while 47 percent were purchased by first-timers. Three projects in Punggol BayView, Tampines GreenRidges and Saraca Breeze @ Yishun saw strong demand, with all of the 52, 56, and 84 available 3Gen units snapped up respectively.
\nAs of last December, the Housing Board has launched 1,100 units of 3Gen flats across 18 projects.
\nEducation Officer Tan Chow Hua and his family will be among the first to take possession of completed 3Gen flats in Boon Lay View, as owners started receiving their keys in December 2016.
\n\u201cI wanted my wife, two daughters (and my mother) to stay together to have a closer bond, all along I wanted that. But because of that space constraint\u2026 we could not ask her to come over,\u201d said the 49-year-old father who currently lives in a five-room flat in Jurong West.
\n\u201c(The new flat) fits into our needs. In terms of personal space, everyone has their fair share,\u201d Tan added.
\n3Gen flats were first introduced by the HDB in 2013 to cater to multi-generation households who want to live under one roof. Measuring 115 sq m, each unit is slightly bigger than five-room flats by five sq m, and comes with four bedrooms and three bathrooms, two of which are en-suite.
\nTo qualify for these flats, an applicant needs to form a multi-generation family consisting of at least a married or courting couple and their parents. Successful buyers also need to complete a Minimum Occupation Period (MOP) of five years, during which they cannot rent out any of the rooms. After that, the unit can only be purchased by other eligible households.
\n\u00a0
\nRomesh Navaratnarajah, Senior Editor at PropertyGuru, edited this story. To contact him about this or other stories, email romesh@propertyguru.com.sg
\n
\nSource : proppertyguru.com.sg\/Property Market
\nRead more…Strong demand for 3Gen flats<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Artist\u2019s impression of the Saraca Breeze @ Yishun BTO project. (Source: HDB) The three-generation (3Gen)...<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"false","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"spay_email":"","footnotes":"","jetpack_publicize_message":"","jetpack_is_tweetstorm":false,"jetpack_publicize_feature_enabled":true},"categories":[1],"tags":[],"class_list":["post-42059","post","type-post","status-publish","format-standard","hentry","category-property-news"],"jetpack_featured_media_url":"","jetpack_publicize_connections":[],"jetpack_sharing_enabled":true,"jetpack_shortlink":"https:\/\/wp.me\/p75ss1-aWn","jetpack-related-posts":[{"id":55211,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/hdb-launches-8748-flats-for-sale-in-may\/","url_meta":{"origin":42059,"position":0},"title":"HDB launches 8,748 flats for sale in May","date":"May 18, 2017","format":false,"excerpt":"\r Artist\u2019s impression of the Woodleigh Hillside BTO project in Bidadari estate. (Image source: HDB) The Housing and Development Board (HDB) launched 8,748 flats on Thursday (18 May) in its latest sales exercise. They comprise 4,802 Build-To-Order (BTO) units spread across six projects in Woodlands, Yishun, Bidadari (Toa Payoh) and\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":8221,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/5-room-bidadari-flats-more-than-75-times-oversubscribed-by-2nd-timers\/","url_meta":{"origin":42059,"position":1},"title":"5-room Bidadari flats more than 75 times oversubscribed by 2nd timers","date":"February 29, 2016","format":false,"excerpt":"\r Artist\u2019s impression of the Alkaff Oasis BTO project in Bidadari. Source: HDB As of 5pm on Monday (29 Feb), the 236 five-room and 3Gen flats at Alkaff Oasis in Bidadari have emerged as the most popular units in the February Build-To-Order (BTO) exercise, with an application rate of 7.6\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":89032,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/hdb-launches-6992-flats-in-may\/","url_meta":{"origin":42059,"position":2},"title":"HDB launches 6,992 flats in May","date":"May 22, 2018","format":false,"excerpt":"\r Artist\u2019s impression of the Kim Keat Beacon BTO project in Toa Payoh. (Photo: HDB) The Housing and Development Board (HDB) launched 6,992 flats for sale on Tuesday (22 May) under its May exercise. This comprises 3,970 Build-To-Order (BTO) and 3,022 balance flats. More: 1,500 HDB Flats Launching In Tengah\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"https:\/\/i1.wp.com\/www.siamlandbank.com\/propertynews\/wp-content\/uploads\/2018\/05\/May-2018-BTO-prices.jpg?fit=893%2C714&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":44035,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/hdb-launches-4056-bto-flats\/","url_meta":{"origin":42059,"position":3},"title":"HDB launches 4,056 BTO flats","date":"February 14, 2017","format":false,"excerpt":"\r A total of 17,000 new flats are set to be launched in 2017.\u00a0 The Housing and Development Board (HDB) launched 4,056 flats for sale this morning under the February 2017 Build-To-Order (BTO) exercise. Spread across six projects in Punggol, Clementi and Tampines, these flats comprise the first batch of\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":96854,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/over-5000-flats-offered-in-hdbs-august-sales-exercise\/","url_meta":{"origin":42059,"position":4},"title":"Over 5,000 flats offered in HDB\u2019s August sales exercise","date":"August 29, 2018","format":false,"excerpt":"\r The Housing and Development Board (HDB) has launched 5,101 flats for sale under the August 2018 Build-To-Order (BTO) and Re-Offer of Balance Flats (ROF) exercise. \u00a0The 4,375 BTO units on offer are spread across four projects in Punggol and Yishun, said the HDB in a release on Tuesday (28\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":71759,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/hdb-launches-8230-flats-in-november\/","url_meta":{"origin":42059,"position":5},"title":"HDB launches 8,230 flats in November","date":"November 14, 2017","format":false,"excerpt":"\r Artist\u2019s impression of the Tampines GreenCourt BTO project. 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