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Budget 2024: Fresh set of keys could get young couples started earlier on married life and parenthood

The Parenthood Provisional Housing Scheme enhancement is a promising move in that direction but more can be done to help couples cross this chasm.

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Generic photo of construction site and BTO flats at Bidadari on May 27, 2023.

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The enhancement tackles a longstanding concern from young couples of starting a family before having a roof over their head.

PHOTO: ST FILE

Tan Poh Lin

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During his

Budget speech on Feb 16,

Deputy Prime Minister and Finance Minister Lawrence Wong announced that young families waiting for keys to their Build-To-Order (BTO) flats will soon receive up to a year of financial assistance for renting an HDB flat from the open market.

The enhancement to the existing Parenthood Provisional Housing Scheme (PPHS), which provides

subsidised HDB rental flats to families with urgent housing needs,

means that more young couples can confidently expect to secure a temporary home amid high application rates.

Budget 2024: Fresh set of keys could get young couples started earlier on married life and parenthood

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