There was an interesting article that caught my attention last Saturday. The article reported on the plight of some elderly who lived in landed properties but were cash-strapped. They had hoped to be able to land low-wage jobs and also receive Workfare for their subsistence needs. However, under current Workfare criteria, they would not qualify since they are staying in a property with a high AV. So there appears to be a little problem. Actually, the solution to their problems seems pretty obvious: “Why don’t they just sell their homes and downgrade to a resale HDB flat or even a condo?” Apparently, sentimental value, the desire to leave behind a bigger bequest to their children and the fear and resistance to change are some reasons why these elderly refuse to cash out on their landed properties. The house could have been bought by their parents or ancestors and they want to leave it behind for their children.......