Following up on the article comparing HDB loan with bank loan and explaining the reasons why a HDB loan is better, we visit the top reasons why some HDB owners take up a HDB bank loan and why it is better than HDB consessionary loan.
What is a 3-generation (3Gen) flat?
3Gen Flats were launched in September 2013 to cater to multi-generation families living under one roof, providing everyone with their own space and privacy yet foster closer family ties at the same time.The units are approximately 115 square meters (which is 1238 square feet) and come with 4 bedrooms – 2 of which have ensuite bathrooms. There’s also a common bathroom, living and dining area, kitchen, service yard and a storage-cum-apartment (aka bomb) shelter. These sizes are considered relatively large and is perhaps similar to the maisionettes.