Elderly man who lived in HDB rental flat has $1m savings

While it is not known why the man chose to rent a small flat, he was certainly meticulous with his expenses. PHOTO: ST FILE
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SINGAPORE - The phrase “appearances can be deceptive” doesn’t come close to capturing the case of a Singaporean man in his 80s who lived what seemed to be a hand-to-mouth existence in a one-room rental flat, when in fact he has $1 million in his bank account and other financial products.

He dressed simply and lived mostly on food bought from nearby markets and hawker centres – not unlike other retirees in the neighbourhood. 

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