There is demand for multi-generational flats, say analysts
Analysts say it's timely to rebuild multi-generational flats, in view of Singapore's changing demographics.
Their comments follow National Development Minister Khaw Boon Wan's announcement that such flats may be built in Yishun, to test demand.
Multi-generational flats typically consist four or five room units and are built beside a studio apartment.
They facilitate extended-family living.
Construction for these flats stopped sometime in the early 1990s.
Housing experts say the resale prices for such mega flats range from $610,000 to $980,000.
And with Singapore's ageing population, they said the HDB should promote multi-generational living.
Chris Koh, Director of Chris International added that measures should be in place to prevent such flats from being abused.
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