The flat represented over 90% of the couple's net worth. Their CPF LIFE payouts covered the basics but left little for anything else. They had no investment portfolio and no other income source. Their children were working but not in a position to supplement regularly. Several options existed that the couple had heard of but never properly explored, including the Lease Buyback Scheme, right-sizing to a smaller flat, and structured products that could generate income without requiring them to sell.
What we didWe walked through each option without pressure, explaining the trade-offs honestly. We helped them understand what the numbers would actually look like under each scenario and what questions to ask HDB directly. We also made sure their Wills and nominations were current so that whichever path they chose, the flat would pass cleanly.
Where she is nowMdm Tan and her husband made their own decision in their own time. What changed was that they finally felt informed enough to make it. The embarrassment faded when she realised the situation was more common than she had thought.
Wealth locked in property is still wealth. It just needs the right key.
Your situation
If your situation feels similar, we are happy to talk through the options with no particular agenda.
Worth a conversation