I chanced upon an article about a retirement community called Nalcrest in Florida. It was built for the retirement of poorly-paid postal workers in the 1960s. It got me reflecting: Can S’pore have an affordable retirement community for ordinary S’poreans (a.k.a. HDB flat dwellers)? I say yes because we have CPF , Medisafe and private savings to support a simple, dignified retirement life for the ordinary man in the street.
The idea is feasible if based on three main criteria: The retirement flats have a short lease, are non- transferrable and open only to HDB flat dwellers.
If you are interested in this topic, do put in your take and/or share your suggestions/ideas. Perhaps we could send a proposal to the Minister for consideration. 🙂