[surfer]

Those that lived in landed properties can sell their houses, which can valued at millions of dollars, then downgrade to HDB flats in their golden years.  Therefore will the flush in cash they can easily afford to live comfortably.........

They are already accustomed to staying in their old house for decades. Can you imagine old people in their seventies and eighties having to sell and shift homes? I don't think they have the energy to move all their furniture and belongings.