{"id":51691,"date":"2022-05-27T10:54:32","date_gmt":"2022-05-27T02:54:32","guid":{"rendered":"https:\/\/www.99.co\/singapore\/insider\/?p=51691"},"modified":"2022-07-01T15:31:29","modified_gmt":"2022-07-01T07:31:29","slug":"father-gifts-son-20-properties-to-find-wife","status":"publish","type":"post","link":"https:\/\/www.99.co\/singapore\/insider\/father-gifts-son-20-properties-to-find-wife\/","title":{"rendered":"Father gifts 24 year old son 20 properties to help him find a wife"},"content":{"rendered":"
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Marriage and homeownership have long gone hand in hand, so much so that young couples in Singapore often ask, \u201cDo you want to BTO with me?\u201d in place of \u201cWill you marry me?\u201d.\u00a0<\/span><\/p>\n

It appears to be the same way in China, where a father in Hebei Province\u00a0<\/span>brought 20 property deeds<\/span><\/a>\u00a0to a\u00a0<\/span>matchmaking corner<\/span><\/a>\u00a0at a park in an attempt to improve his 24-year-old son\u2019s marriage potential.\u00a0<\/span><\/p>\n

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An example of a matchmaking corner where eligible profiles are on display for parents to pick out.<\/figcaption><\/figure>\n

Unlike the lucky son, most of us would probably need to get a property on our own. If you are single and exploring your options, we’ve listed them down for you.<\/span><\/p>\n

Buy a HDB flat\u00a0<\/span><\/strong><\/p>\n

Singapore\u2019s public housing landscape is a tricky one to navigate for singles. To be a homeowner, you need to be at least 35 years old. The only other way you can own a HDB on your own is if you are a 21-year-old orphan with no siblings. \u00a0<\/span><\/p>\n

If you\u2019re still single by 35, you can score your own HDB bachelor or bachelorette pad in one of these ways:\u00a0<\/span><\/p>\n

    \n
  1. Buying a 2-room Flexi BTO flat in non-mature estates (e.g. Bukit Panjang, Jurong East, Hougang, Woodlands, Punggol etc.)<\/span><\/li>\n
  2. Buying a Sale Of Balance flat<\/li>\n
  3. Buying a resale HDB flat\u00a0<\/span><\/li>\n<\/ol>\n

    Do note that no matter which option you go for, you will still be subjected to the ethnic quota of the estate, according to the Ethnic Integration Policy<\/a> (EIP) which is in place to promote social and racial harmony between neighbours.\u00a0<\/span><\/p>\n

    Otherwise, if you be single and balling, there is also the option of private property, which is more expensive, but way less restrictive.<\/p>\n

    So which choice should you go with? We weigh the pros and cons.<\/span><\/p>\n

    1. 2-room Flexi BTO flat\u00a0<\/span><\/strong><\/h2>\n

    This option is usually favoured by those looking for a more affordable home purchase since the quantum is low. However, it also has some drawbacks<\/p>\n

    Limited to non-mature estates<\/h3>\n

    Firstly, you\u2019re only allowed to apply for flats as a first-timer in non-mature estates that are less than 20 years old, including:<\/span><\/p>\n