Smart Ageing

Finding the right-size home in your silver years

Downsizing is gaining acceptance among empty nesters and those seeking financial flexibility. But before making a move, there are other options and factors to consider.

A Silver Zone at Lorong 8A Toa Payoh to enhance pedestrian safety. ST PHOTO: KELVIN CHNG
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Last year, a friend mentioned that he and the missus were moving to a condo after the sale of their landed property. "What, you're giving up your beautiful garden?" I asked. Not long after that, another friend moved to an HDB flat after selling her condo. Both my friends are in their 60s and I was surprised that they were willing to give up the homes in which they had lived for more than two decades.

What struck me was that these were pre-emptive moves, not driven by any urgent imperative. Financially, my friends are comfortable enough to continue living in their properties as they are either semi-retired or only recently retired. Health-wise, both are active and mobile.

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