9,700 elderly households have sold part of flat's remaining lease to HDB since 2009

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SINGAPORE: About 9,700 households have sold part of their flat’s remaining lease back to the Housing Board (HDB) as of December 2022, with seven in 10 receiving between S$100,000 and S$200,000.

About 9,700 households have sold part of their flat’s remaining lease back to the Housing Board as of December 2022, with seven in 10 receiving between S$100,000 and S$200,000.

Under it, seniors living in all flat types can sell part of the flat’s lease back to HDB and choose to retain lease lengths from 15 to 35 years, based on their age and needs. About 65 per cent of the households chose to retain lease lengths of 35 years and 30 years. Another 29 per cent opted for 25 years and 20 years. The remaining households households retained a 15-year lease.Almost 70 per cent received between S$100,000 and S$200,000 through the scheme.

HDB also provided an update on its 2-room Flexi Scheme, which gives seniors the option of monetising their existing property and"right-sizing" to a 2-room Flexi flat.The booking exercises for nearly 33,200 units have been completed, while the selection exercises for the remaining units are ongoing. About 44 per cent of them opted for 45-year and 40-year leases, while another 44 per cent opted for 35-year and 30-year leases.

“In 2021 and 2022, about 82 per cent of the 6,728 units of 2-room Flexi short-lease flats offered in non-mature estates were priced below S$100,000 for a lease length of 45 years.

 

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馬來西亞老人家需要這樣做嗎?

這肯定是政府的錯啦,在你的領導下,老人家沒錢退休了

新加坡老人家命苦!

不是私人房子,不是一百多萬的房子都撐不下去了!新加坡完蛋了!

With costs of living rising, I won’t be surprised that more will be considering this…

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