50, 53 years old couple with 2 kids.
$80k household earnings. No car.
Staying in 5 room HDB flat, paid up 5 years ago.
Now flat valued at $900k. We bought at $150k many years ago.
Total net worth including flat is $1.5m.
We will sell our flat and buy a small HDB studio flat when we retire at 65.
We are glad that our flat's value has gone up as it will allow us to retire comfortably.
Our home ownership program is very successful. I thank our government very much.