87% of HDB’s 2-room Flexi flats booked; Short leases a hit with elderly buyers

Most of the elderly buyers who booked flats under the two-room Flexi Scheme opted for shorter leases, the Housing Board said yesterday.

More than 2,100 – 85 per cent – of those aged 55 and above who bought these two-room Flexi flats since the scheme was introduced in August 2015 chose a shorter lease than the usual 99 years, HDB said in a press release .