Daily Briefing: Residents with short leases urged to plan ahead; HDB and private flats' price gap shrinks

And here are the basics to coming up with a financial plan.

From PropertyGuru:

The government encourages Singaporeans residing in properties with short remaining leases to plan ahead and look for alternative housing early, said the Ministry of National Development in a written answer to Parliament on Monday.

It noted that seniors have various housing options, including short-lease 2-room flexi flats which has no debarment period for purchase.

“Residents can approach agencies for assistance if they need help transitioning to their next housing arrangement,” it added.

Read more here.

From The Motley Fool:

Coming up with a financial plan may seem daunting for someone who has no interest in finance. However, it is vital that we still attempt to build a financial plan that can see us through retirement and help us achieve all our financial goals.

With this in mind, I thought it might be useful to pen down three important steps to come up with a robust financial plan.

Read more here.

From PropertyGuru:

The median price gap between private housing and HDB Build-to-Order (BTO) flats in the outside central region – where majority of the BTO flats were built over the past few years – has narrowed to 166 percent from 169 percent prior to the introduction of the Total Debt Servicing Ratio (TDSR) in June 2013.

The median price gap between private housing and HDB resale flats, on the other hand, widened to 130 percent from 106 percent previously, revealed the Ministry of National Development in a written answer to Parliament on Monday.

Read more here.