Retire Rich Weekly: No more 15-month wait—but should you right-size now?

The 15-month wait-out period is finally gone. Private-property owners can now buy a non-subsidised HDB resale flat before selling their private property, provided they dispose of it within six months. For people preparing for retirement, this creates a much easier path to right-sizing. But here is what many owners may overlook. Selling a $2M condominium and buying an $850K HDB flat does not mean you will have $1.15M available for retirement. After deducting the outstanding mortgage, selling...