{"id":119958,"date":"2021-01-26T02:34:38","date_gmt":"2021-01-25T19:34:38","guid":{"rendered":"http:\/\/www.siamlandbank.com\/propertynews\/property-news\/seniors-in-assisted-living-flats-can-enjoy-up-to-80-caregiving-service-subsidies\/"},"modified":"2021-02-02T17:52:00","modified_gmt":"2021-02-02T10:52:00","slug":"seniors-in-assisted-living-flats-can-enjoy-up-to-80-caregiving-service-subsidies","status":"publish","type":"post","link":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/seniors-in-assisted-living-flats-can-enjoy-up-to-80-caregiving-service-subsidies\/","title":{"rendered":"Seniors in assisted living flats can enjoy up to 80% caregiving service subsidies"},"content":{"rendered":"


\nSeniors in assisted living flats can enjoy up to 80% caregiving service subsidiesThe flats are set for completion in 2024 and are targeted at seniors aged 65 and above who wanted to live on their own, yet enjoy some support, care and communal activities.
\nSeniors who plan to live in the first assisted living flats may avail of up to 80% government subsidies for shared caregiving service, which includes dressing and showering.
\nMinister for Social and Family Development Masagos Zulkifli said the means-tested subsidy will be based on the type of help required and the household income, reported The Straits Times (ST).
\nHe made the statement during a visit to the community care apartments exhibition at the HDB Hub atrium in Toa Payoh.
\nLocated at Bukit Batok West Avenue 9, the pilot batch of community care apartments comprises about 160 units, which will be offered in February\u2019s build-to-order (BTO) sales exercise.
\nThe flats are set for completion in 2024 and are targeted at seniors aged 65 and above who wanted to live on their own, yet enjoy some support, care and communal activities.
\nPrior to the subsidy, the monthly cost of the optional shared caregiving service stands at around $950 and around $1,950 if the seniors need feeding services, said ST.
\nRecommended article:\u00a0HDB Assisted Living Flats: What Are They and Who Should Apply
\nOther add-on services that can be covered by the subsidy include meal services, social day care, home personal care as well as medical escort and transport.
\nThese services are on top of a mandatory basic service package that have to be subscribed by all residents and paid fully in cash or partially upfront with the monthly fee throughout the lease term.
\nThe package, which is priced between $22,000 for a 15-year lease and $59,000 for a 35-year lease, includes services such as basic health checks, 24-hour emergency monitoring and response service, simple home fixes and activities within the development\u2019s communal spaces.
\nMasagos, who also serves as the Second Minister for Health, noted that the new housing type plugs the housing gap for seniors who want to live independently but still need some assistance with activities of daily living (ADL).
\n\u201cSome seniors may need a little more help with ADL but may not want a maid to be living with them. We want them to have support within the community where help can be provided on a daily basis if needed,\u201d he said.
\nSuggested read:\u00a0HDB EASE Programme: How to Apply and How Much Does it Cost?
\nTo apply for the assisted living flats, seniors must be aged 65 and above. They can choose a lease ranging from 15 to 35 years, in five-year increments, such that it covers the applicant as well as their spouse until the age of 95.
\nThe flats are priced between $40,000 for a 15-year lease and $65,000 for a 35-year lease. They must be fully paid upfront with cash or Central Provident Fund (CPF) monies.
\nGovernment subsidies like the Silver Housing Bonus \u2013 which provides seniors up to $30,000 cash bonus once they sell their existing flat, with the proceeds used to top-up their CPF Retirement Account \u2013 are applicable.
\nAlthough the flats cannot be resold or rented out, owners who no longer need the units can return it to HDB for a refund on the value of the remaining lease.
\nST reported that about 3,000 people visited the exhibition since it opened on 14 December at the HDB Hub atrium.
\nLooking for a property in Singapore? Visit PropertyGuru\u2019s Listings, Project Reviews and Guides.
\n
\nSource : proppertyguru.com.sg\/Property Market
\nRead more…Seniors in assisted living flats can enjoy up to 80% caregiving service subsidies<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Seniors in assisted living flats can enjoy up to 80% caregiving service subsidiesThe flats are...<\/p>\n","protected":false},"author":1,"featured_media":119959,"comment_status":"false","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"spay_email":"","footnotes":"","jetpack_publicize_message":"","jetpack_is_tweetstorm":false,"jetpack_publicize_feature_enabled":true},"categories":[1],"tags":[],"class_list":["post-119958","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-property-news"],"jetpack_featured_media_url":"https:\/\/i0.wp.com\/www.siamlandbank.com\/propertynews\/wp-content\/uploads\/2021\/01\/hdb-community-care-apartments-2.jpg?fit=820%2C410&ssl=1","jetpack_publicize_connections":[],"jetpack_sharing_enabled":true,"jetpack_shortlink":"https:\/\/wp.me\/p75ss1-vcO","jetpack-related-posts":[{"id":138882,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/hdb-launches-plus-prime-and-standard-bto-flats-singles-can-soon-buy-2-room-flexi-flats-across-singapore-and-more\/","url_meta":{"origin":119958,"position":0},"title":"HDB Launches Plus, Prime, and Standard BTO Flats, Singles Can Soon Buy 2-room Flexi Flats Across Singapore, and More","date":"August 21, 2023","format":false,"excerpt":"\r HDB Launches Plus, Prime, and Standard BTO Flats, Singles Can Soon Buy 2-room Flexi Flats Across Singapore, and More15 to 21 August 2023 HDB has introduced a new BTO classification system, replacing the long-standing mature and non-mature estate labels. 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The Census of the Population 2020 showed that the proportion of\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"https:\/\/i0.wp.com\/www.siamlandbank.com\/propertynews\/wp-content\/uploads\/2021\/07\/older-hdb-flats-still-in-demand.jpg?fit=820%2C410&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":101430,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/hdb-to-provide-more-help-to-seniors-looking-to-unlock-flats-value\/","url_meta":{"origin":119958,"position":5},"title":"HDB to provide more help to seniors looking to unlock flat\u2019s value","date":"November 19, 2018","format":false,"excerpt":"\r More personalised information could soon be provided to help seniors make better retirement decisions, such as the estimated proceeds from the sale of their flats. 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