[Tee tiong huat]

SG News: More than 570,000 S'poreans will receive $400 to $1,000 in March as part of Earn &
Save Bonus. A first payment of the annual bonus initially announced at National Day Rally in 2023 as part of $9 billion Majulah Package. A Ministry of Manpower (MOM) said bonus will provide an additional boost in retirement savings for working seniors...

[Tee tiong huat]

Since you are still writing on SG Talk, it shows that you haven't expired yet.

Why I Sold My 40-Year-Old Jurong Flat For A Newer Bukit Panjang One: *A Buyer’s Case Study.
Project: 5-rm Bukit Panjang HDB flat.

Buyer profile: 47 years old. Living with her son. Owns a 5-room HDB flat in Jurong East
Works in the finance sector.
Buyer brief: Wants to sell her 40-year-old home
Wants to buy a home that can be passed on to her son

Buyer challenges: Concerned about the lease decay of her current home. Didn’t want to worry about the mortgage payment on her new home...Lease decay is a growing concern for many HDB owners, especially those hoping their homes will serve as a legacy for their children. Without careful planning, the value of a home may not always keep pace with what families hope to pass on. This case study looks at how we helped one homeowner restructure her housing situation: trading an older flat in Jurong East for a newer one in Bukit Panjang, ensuring her housing decision could support both her needs today and her son’s future.

How it all started...By late 2024: P owned a fully paid 5-room flat in Pandan Gardens. The flat was already 40 years old, and while it had served her family well, she was beginning to think about the future. Having transferred much of her CPF OA savings into her SA for retirement, her available funds for a new purchase were limited.

When P and her husband first bought: the flat, it was close to three decades old, but with enough lease remaining to feel secure. Over time, circumstances changed: she became the sole owner, and her priorities shifted toward retirement planning. With her son starting his studies soon, she began to consider what she could eventually pass on to him. The age of the flat, coupled with her reduced OA balance, made her realise that staying put might not be the best option. https://share.google/1WU9B4epe7xyMC2gv