Singapore, 10 Feb 2021 Two-room flexi flats have proved popular with seniors, with more than half of the buyers aged 55 and above, figures revealed yesterday.
Singles have been the second largest group purchasing the units since they were introduced six years ago, the Housing Board said.
OrangeTee & Tie senior vice-president of research and analytics Christine Sun said the short-lease two-room flexi flats are one way for seniors to monetise their existing units but still ensure they have a roof over their heads.
"Some seniors may opt to cash out and sell their bigger flat that they bought a long time ago and buy a cheaper short-lease two-room flexi to leave a sum of inheritance money for their children," she added.
"Others may simply just want to live in a smaller home to enjoy their retirement life."