As the Singapore population ages, comfortable accommodation for the elderly will be a crucial issue. To date, however, the one-size-fits-all solution we've applied is 'let them sell their property and buy a smaller flat'.
Suzie's husband agrees that, due to the smaller size of their flat, it's hard to organise get-togethers that are on the same scale. It's not uncommon for them to regret the decision later. The reason is often that, for maisonettes, bedrooms tend to be located on the second floor; keep this in mind, if you're thinking you can just live on the lower floor when you're older.One realtor said she rarely recommends maisonettes for older folks because in her experience they often end up selling it and buying something more convenient.
"Now that I think about all the money I spent on maintenance, I feel it's quite a waste. I held on too long. Should have put all that money in my pocket instead." "I listened to some well-intentioned advice, that property prices were high and not sustainable, so I thought I will sell at a high, and re-invest elsewhere."
Source: Real Estate Daily Report (realestatedailyreport.net)
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