The Straits Times-Aug 20

Monetizing home equity in Singapore has been a longstanding challenge. Although average older home-owners hold about 60 per cent of their total net wealth in housing equity, few households have been able to convert this into income, leading to most finding themselves asset-rich but cash-poor during their retirement. One bank here is piloting a new reverse mortgage product that could partially address this problem.

Read more at: https://www.straitstimes.com/opinion/st-editorial/moving-to-ensure-retirement-adequacy