Rightsizing for Retirement: Moving to A Cosy 4-Room Flat in Henderson   

Eugenia Liew
Rightsizing for Retirement: Moving to A Cosy 4-Room Flat in Henderson    
When COVID-19 struck a year and a half ago, Ambun and her husband made a quick decision to downgrade from their then 5-room flat in Bukit Batok and look for something smaller on the city fringe. The pandemic had impacted their income, and they were planning for their retirement days ahead. Practically, a smaller space would also require less upkeep, which would be beneficial to them since they were getting on in years.
The first thing Ambun did was to engage an agent to sell her house in Bukit Batok, which she had lived in for 15 years. Next, the agent did a financial assessment for her and told her candidly that she should look for a house below $400,000 if she wanted to “retire” comfortably.
Ambun and Azman's home
With that, Ambun went into house-hunting mode using the PropertyGuru app to shortlist resale flats within her budget. Having bought their first flat in Bukit Merah, which is on the city fringe, Ambun and Azman wanted to return to this area because of the convenience and its proximity to regular haunts in Orchard Road, Little India and Chinatown.
Her first attempt at shortlisting homes turned up properties in the Stirling Road and Commonwealth area, which was great – except that they were all 3-room flats. “I couldn’t possibly live in a 3-room flat because that would mean my eldest son wouldn’t have a room of his own. This would be a compromise of his privacy, especially since he is married and his wife lives with us,” says Ambun. On the flipside, Ambun feels that the house is smaller but much cozier since they gather in the hall, given their living space is much smaller.
Ambun and Azman's home
Ambun and Azman's home
Thus, Ambun decided to refine her search to include 4-room flats. This was when they found the perfect home. “When I refined my search, I couldn’t believe my eyes! I had found a 4-roomed gem on the city fringe, in Henderson Crescent.”

Love at First Sight

When Ambun and Azman viewed the flat, they fell in love with it instantly. Azman was pleasantly surprised that the back door of the ground floor unit opened up to a garden, which was a community project initiated by the Henderson District. It was the perfect spot for his morning coffee.
For Ambun, the price of the flat, which was $20,000 below her budget, was the biggest draw. HDB’s Ethnic Integration Policy ensures certain units in a block of flats are reserved for buyers of a minority ethnic group, which worked to the couple’s benefit. “I am fortunate to be able to buy the flat at a cheaper price as I could spend more money on the renovation,” says Ambun enthusiastically.
Ambun and their cat
The house, which was about 49 years old, had its fair share of wear and tear. The renovations set them back $50,000, but the couple says it’s money well spent – especially considering the new plumbing and kitchen decor, which gives the house a very cosy and resort-like ambience. Ambun was quick to add that in the last six months, the prices of these resale flats have appreciated by at least $50,000 which is an added bonus for her.

Financial Freedom at 55

Ambun shared that at 55 years of age, she has achieved financial freedom. She now has enough money set aside in her CPF Ordinary Account for her retirement and has fully paid off her house. Ambun quips that buying this house was a little bit like putting Marie Kondo’s words into practice and finding the “joy” in simple things. With less physical space in the 4-room flat, she had to learn how to let go of her bulky furniture and only keep the essentials.
Ambun and Azman's home
Ambun decided to sell her car, and given that Azman is so close to town and his workplace is closer to home, long commutes are a thing of the past. While Azman still drives from time to time, he jokes that now he can sleep in a little longer since he doesn’t have to drive his wife to work anymore which improves his work-life balance.

A “Second Honeymoon” in Hendersonville

Ambun loves her neighbours and Ambun and Azman find people at Henderson Crescent very friendly. She feels she fits right into the neighbourhood. She was also surprised to see that there were many young couples living in the block, which can be uncommon for blocks that old.
Ambun and Azman's home
Ambun and Azman's home
They are also drawn to the beautiful and clean surroundings, which make them feel like they are living in a garden. “It is rare to find large open spaces to walk in these days given the scarcity of land in Singapore but these older flats manage to find the balance between green spaces and livable spaces very well,” says Azman.
But the biggest draw for Ambun and Azman has to be the convenience. Their block is a seven-minute walk to the Tiong Bahru shopping centre and a 10-minute walk to the MRT on the East West line.
Ambun and Azman's home
Azman also finds that he is living his second honeymoon because the Tiong Bharu area was where he lived in his courtship days. He jokes that it’s been over 30 years, and he is still married to the same woman and waking up to the beautiful garden view makes him feel like he is living in a resort every day.
Ambun at home
Azman remarked that his only wish now is that his eldest son will find his dream home nearby and start his family as soon as possible so that they too can savour the joys of growing up and having kids in the same neighbourhood that Ambun and Azman did.
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