A new scheme coming into play for HDB flats, called the Two Room Flexi scheme, will be offering a leasing options covering 15 to 45 years for households that are older. In a recent blog post, Khaw Boon Wan, the National Development Minister, shared that the options will be given in increments of 5 years.

The shorter leases will be an option for apartment applicants who are 55 years or older, with the provision that the lease they choose will allow them and their partner to reside in the apartment until 95 years old or more for Thomson Impressions.

Thomson Impressions Lorong Puntong

This new scheme takes two existing schemes and blends them together; the 2 room and the studio apartment schemes. Presently, studio apartments are generally meant for home owners who are elderly and who are funding their retirement by selling a previous apartment. They are available to those …