Releasing equity assets to finance retirement
![The Hybrid Equity Release plan allows a homeowner to sell a portion of the property at a discounted price while he/she obtains the right to stay there for a guaranteed period or for life, whichever is longer. BT FILE PHOTO](/sites/news.smu.edu.sg/files/styles/max_325x325/public/smu/news/BT_20210224_KSHER_4460331.jpg?itok=_Hz0CuTg)
In a commentary, SMU Professor of Statistics (Education) Kwong Koon Shing discussed how people who are asset-rich and cash-poor may monetise their real estate assets to provide a major retirement income resource.
Source
The Business Times
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