My wife and I are in our mid-50s, and we have been living in a 1,410 sq ft four-bedder at D’Nest for several years. We were the first owners of the unit.
At our age, we are considering downgrading to an HDB flat. One reason is to unlock some cash by either selling or renting out D’Nest, particularly as it is a leasehold property and may depreciate as it gets older. We would also like a larger home where we can comfortably host friends.
Our household currently consists of my wife and me, my 84-year-old mother, a helper, our daughter, and our son, although our son expects to move out by the end of next year.
As private-property owners, we understand that we may need to serve the applicable wait-out period before buying a resale HDB flat. One possible alternative is for my mother to purchase the flat in her name. However,...
