Let only elderly with little savings keep private home

I agree with the writer of the letter “Let seniors buy HDB flat but keep private property” (Sept 4).

This could be allowed with conditions, so competition for public housing, which Singaporeans who do not own a home need, is minimised.

The HDB could sell studio apartments to seniors with little or no Central Provident Fund savings and allow them to keep their private property for passive income.

Owners of private property with a high annual value or those who own more than one private property may not qualify.

A studio apartment is ideal for seniors to live in, as it is easy to maintain and is usually located in mature towns, with amenities and public transport nearby.

With a 30-year lease, it is also affordable for needy seniors.