Half of all two-room flexi flat buyers are aged above 55, says HDB
SINGAPORE - Two-room flexi flats have proved popular with older buyers, with more than half of them aged 55 and above, figures revealed on Saturday (Feb 27). Singles have been the second-largest group purchasing the units since they were introduced six years ago, the Housing Board (HDB) said. As at Dec 31, about 34,700 two-room flexi flats had been launched for sale since they were brought in by the HDB in 2015. Around 84 per - or 25,189 flats - of the 29,924 units offered have been booked by home buyers, said the HDB. Selections are still ongoing for the remaining 4,700 units. Of these buyers, 56 per cent were older people aged 55 and above. Singles made up 38 per cent while the remaining 6 per cent of home buyers were families. Among the flats purchased by older buyers, 92 per cent were on short leases. The remainder were on 99-year leases. The 40-year lease was the most popular, at 4,046 units, followed by the 35-year lease at 3,526 and the 30-year lease at 2,291 units. Only 215 older buyers opted for the shortest lease of 15 years, with the oldest being 99 when applying for a flat with such a lease. Sizes for these flats range from 36 to 46 sq m. Older buyers pay less for a fla...
