Senior citizens to get higher balloting chances of getting studio apartment in same estate
Retirees looking to right-size their flats while aging in place will also receive more help.
HDB will launch 2,000 studio apartments this year, and many will be in the mature estates, said Mr Khaw.
To facilitate right-sizing, HDB has also introduced the Silver Housing Bonus and enhanced the Lease Buyback Scheme.
And responding to concerns from various MPs throughout the debate, Mr Khaw said his ministry is reviewing the CPF Retirement Account top-up criterion, which requires the proceeds from the sale of the flat to be put back into the CPF account.
Mr Khaw said he hopes to complete the review and announce details in a few months' time.
To support the elderly who prefer to remain in their neighbourhood, a new Ageing-in-place priority scheme will be introduced.
"To give elderly applicants of a studio apartment higher ballot chances if the studio apartment is in the same town or estate or within 2 km of their existing property. "
The idea will be implemented from this month's BTO exercise.
This will also apply to elderly households downgrading from a private property.
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