Seniors must be 65 and above to apply for these flats. They will be able to choose a lease ranging from 15 to 35 years, in five-year increments, as long as it covers the applicant and their spouse, if any, until they are at least 95 years old.
Prices for these flats start from $40,000 for a 15-year lease to $65,000 for a 35-year lease, and are required to be paid for fully upfront with cash or with Central Provident Fund (CPF) monies.
Government subsidies such as the Silver Housing Bonus, which gives seniors up to $30,000 cash bonus when they sell their existing flat and use the proceeds to top-up their CPF Retirement Account, are applicable.
However, these flats cannot be resold or rented out. Owners who no longer need the flat can return the flat to the HDB, which will refund them the value of the remaining lease of the flat.
Seniors with more pressing care needs, such as those requiring permanent assistance with activities of daily living, will be prioritised for the flats.
From next Monday to March 31, 2021, seniors and members of the public will be able to visit a life-sized showcase of the communal space, along with scale models of the block and flat, at the HDB Hub atrium at Lorong 6 Toa Payoh.
A showroom of the flat will open from Jan 4, 2021.
Seniors with more pressing care needs, such as those requiring permanent assistance with activities of daily living, will be prioritised for the flats.
From next Monday to March 31, 2021, seniors and members of the public will be able to visit a life-sized showcase of the communal space, along with scale models of the block and flat, at the HDB Hub atrium at Lorong 6 Toa Payoh.
Visitors must book an appointment via HDB InfoWeb before visiting the exhibition.
https://www.straitstimes.com/singap...flats-for-seniors-to-launch-in-bukit-batok-in
Prices for these flats start from $40,000 for a 15-year lease to $65,000 for a 35-year lease, and are required to be paid for fully upfront with cash or with Central Provident Fund (CPF) monies.
Government subsidies such as the Silver Housing Bonus, which gives seniors up to $30,000 cash bonus when they sell their existing flat and use the proceeds to top-up their CPF Retirement Account, are applicable.
However, these flats cannot be resold or rented out. Owners who no longer need the flat can return the flat to the HDB, which will refund them the value of the remaining lease of the flat.
Seniors with more pressing care needs, such as those requiring permanent assistance with activities of daily living, will be prioritised for the flats.
From next Monday to March 31, 2021, seniors and members of the public will be able to visit a life-sized showcase of the communal space, along with scale models of the block and flat, at the HDB Hub atrium at Lorong 6 Toa Payoh.
A showroom of the flat will open from Jan 4, 2021.
Seniors with more pressing care needs, such as those requiring permanent assistance with activities of daily living, will be prioritised for the flats.
From next Monday to March 31, 2021, seniors and members of the public will be able to visit a life-sized showcase of the communal space, along with scale models of the block and flat, at the HDB Hub atrium at Lorong 6 Toa Payoh.
Visitors must book an appointment via HDB InfoWeb before visiting the exhibition.
https://www.straitstimes.com/singap...flats-for-seniors-to-launch-in-bukit-batok-in
