It’s not uncommon to see older couples downsizing to a smaller home. Whether it’s rightsizing from a larger HDB to a smaller one, a condo to an HDB or a landed house to a condo, they might choose to downsize as their children have already moved out and they don’t need such a huge living space. Rightsizing might also be.
As homeowners, we often get comfortable living in our homes after some time. Familiarity breeds complacency, and after some time, we tend to forgo the prospect of selling and moving to a different home - let alone right-size to a smaller, more optimal property. While not every homeowner intends to be a home seller when they first buy their homes,.
As our population ages, more and more Singaporeans are approaching their golden years. By helping them leverage the value of their existing property through schemes like Silver Housing Bonus (SHB) and Lease Buyback Scheme (LBS), the government aims to help our seniors supplement their retirement income. But is the Silver Housing Bonus scheme worth considering? Or are there better alternatives.
While Singapore’s full-time female employment rate has been rising steadily over the previous decade, MOM notes that there is still a small proportion of women who have not been able to participate or participate fully in the workforce due to caregiving responsibilities.