If you’re like most Singaporeans, you have at some point tried to plan out your “final home”, the property where you’ll live out your twilight years. And like most of us, you’ve probably found it quite tricky: is it better to spend a little more on a well-located two-room flat, or do you still need at least a three-room to be comfortable? And which one takes out the least from your retirement funds?
Well the question has come up again in recent days, but with a new potential solution: the first assisted-living HDB flats: a clever bridge between a nursing home, and continuing to stay in your own place.
These assisted living HDB flats will be available as early as the next (February) 2021 BTO launch. If you’re thinking of alternatives like two-room or three-room flats, or even a small condo, here’s how much you could save with the new option:...