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The asset-rich, cash-poor have a housing dilemma

The elderly might not downsize and monetise their homes for retirement income. Their concerns centre on preserving the value of their flat and ageing in place.

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Many middle-aged and retired homeowners are more concerned if their homes will preserve their value, even as they stew over whether they can meet their financial needs in old age.

Many middle-aged and retired home owners are more concerned if their homes will preserve their value.

ST PHOTO: KUA CHEE SIONG

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Are homes nest eggs for retirement? It turns out the answer is not straightforward.

Delivering his National Day message this week, Prime Minister Lee Hsien Loong highlighted the Government’s desire to

refresh its approach to public housing

, with a special effort on adapting Housing Board estates and flats to serve a rapidly ageing population.

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