BTOs for Singles announced

Finally, the long awaited announcement to allow Singles to apply for new BTO flats has arrived !

Hurray to all waiting for this piece of news.

Of course, there are terms and conditions - singles must earn < $5k and are only allowed to purchase 2 or 3 room HDB flats in non-matured estates.
The purpose of this is aimed towards helping the lower income group of singles own their home.

Tough luck for singles that do not fall in this category as this probably means that they are earning substantially to either dip into the resale market on their own or even purchase a private residential unit on their own. 

I believe this is a good move on the whole as the lower income earning singles really need all the help they can get and they can fulfill their aspirations to own their own homes.