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Seniors

Single Seniors Can Now Claim ABSD Refund For Replacement Property of Lower Value

As announced on 16 Feb 2024 during Budget 2024 by then Finance Minister Lawrence Wong, single Singapore Citizens (SC) aged 55 and above can now apply for refund of Additional Buyer's Stamp Duty (ABSD) which was paid upon the purchase of a second private property, provided certain conditions are met. This is to help single seniors who are right-sizing their homes easily transition from existing homes to...

Intergenerational co-living: A new housing option for seniors in Singapore?

Such arrangements are growing in popularity as people realise that "seniors and the young do have things that they can learn from each other and can support each other with”, says a researcher. Tang See Kiat 25 Sep 2024 SINGAPORE: By 2026, Singapore is set to attain “super-aged” status which is defined as a country having at least 21 per cent of its population aged 65 and above. By 2030,...

Community Care Apartment (CCA)

What Is It? The Community Care Apartment is a public housing type jointly offered by Ministry of National Development (MND), Ministry of Health (MOH), and Housing & Development Board (HDB) that aims to expand the range of housing options available to seniors today. It combines senior-friendly housing with care services that can be scaled according to care needs and social activities to support...

HDB Options for Private Property Owners

Private property owners who do not currently own a HDB flat may wish to sell their private condominium, apartments or landed properties and move to a HDB flat for a wide variety of reasons: children have achieved independence with homes and families of their own lock in the value of their private property and use the excess value (after HDB purchase) as part of their retirement savings eliminate...

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