Over 20 households living in 5-room and bigger flats sold part of lease to HDB under LBS scheme in Q1

Read? Over 20 households living in 5-room and bigger flats sold part of lease to HDB under LBS scheme in Q1


CW8888: Fact on the ground.


Ms Ow said she had considered downsizing as she found the EA too big.

"I have to clean all of this myself. Everyday I'm vacuuming, cleaning. It's a lot," she said.

But she struggled to find a buyer, even after having put her unit up for sale for more than a year. 

“Nearly everyday, I’ll have at least three families who are interested in buying my flat. I priced it between S$568,000 to S$588,000 and it couldn’t sell. There was a buyer but they couldn’t get rid of their own HDB flat,” she said. 

She was reluctant to let it go for less.

“If I sold my Punggol flat for S$560,000 and spend around S$400,000 to buy a 4-room flat, I think I will get back less than S$100,000 after some renovation,” she said. 


She briefly considered renting out rooms in her flat but gave up the idea after hearing horror stories of tenants from her friends. 

She said she is happy to age in her Punggol flat and has engaged part-time cleaners to help her with household chores. 

“I’m used to this environment. All the neighbours here are very good and very friendly. Many residents here are also pet owners and our pets play together. I go for morning taiji exercise around here too,” she said.  

She admitted that she has not thought about what she will do when the lease runs out when she is 97.

“(If I) can (live) until my 80s, it’s fine already,” she said