Billionaire Bhupendra Kumar Modi, who became a Singapore citizen last year, is urging his adopted nation to end a ban on young singles owning state-built homes because it hurts one of the city’s key goals: making babies.
Modi’s Global Citizens Forum, which the Spice Group chairman started this year to help youths worldwide, will ask the government to change a policy that only allows single adults over 35 to buy flats built by the Housing & Development Board. Modi says lowering the age to 25 would encourage sexual relationships and earlier marriages, helping to counter a slump in the birthrate that’s depriving the economy of workers. Full story
