17 May '18, 1am

More elderly go for shorter-lease HDB flats

As the Singaporean population ages, more elderly are letting go of their resale flats and opting for shorter-lease ones provided by the government. What do they benefit from this move? 2 schemes to help the elderly plan for their retirement Cashew Road. Picture: iProperty These particular HDB flats fall under the two-room flexi scheme and the most popular option are flats with 15- to 40-year leases. The two-room flexi scheme is one of the schemes HDB has in place to help senior citizens monetize their ageing HDB flats. Older flats with fewer number of years left on their leases are losing favour with open market buyers as they are deemed as having less resale value and may even eventually be taken back by the authorities in the lifetime of their buyers, especially if they are younger. Related : Will ageing population affect HDB flat market in 10 years’ time? Senior citizen...

Full article: https://www.iproperty.com.sg/news/more-elderly-go-for-sho...

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