CNA·3 min read·medium
Lower age limit, lower fees but Community Care Apartments unlikely to see surge in demand: Analysts
E
Erin Liam
✦AI Summary
The Singaporean government has lowered the eligibility age for Community Care Apartments from 65 to 55 and reduced service fees. Despite these changes, analysts suggest that demand may remain modest due to seniors' preference for staying in their current homes.
The changes widen the pool of eligible buyers and may nudge people to plan ahead, but the bigger hurdle is a reluctance to leave familiar surroundings.
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