Seniors benefit from studio apartments
Add BT as a preferred source[SINGAPORE] Senior citizens who have sold their old flats and moved into studio apartments (SAs) have reaped - among other benefits - net sales proceeds of $200,000 per flat.
The figure came from Minister for National Development Khaw Boon Wan in his post yesterday in the blog, Housing Matters. It was arrived at after outstanding loans on their old flats were paid off, and after the new SAs were fully paid for.
SAs thus make a lot of sense for seniors who are left with larger flats after their children move out to their own flats, he said.
TRENDING NOW
Buyer for England striker Harry Kane’s former mansion must pay £3.4 million after abandoning deal
Ohmyhome Ltd sells real estate business for token US$1 due to poor business and continued losses
What’s wrong with Orchard Road? Experts weigh in on the street’s cachet and its future
Malaysian tycoon Vincent Tan’s sell-downs point to pruning rather than an exit plan
