There's no certain public info on a "hdb lease buyback plan 880 29". The figures most likely make reference to a certain address or scenario, but this sort of aspects are certainly not publicly disclosed. The HDB Lease Buyback Plan (LBS) can be a program that permits qualified seniors to provide a portion of their flat's lease back to HDB in exchange for your cash bonus as well as a CPF top rated-up to spice up their retirement income. For being qualified, at the least a person operator should be a Singapore Citizen, all owners have to be not less than 65 a long time outdated, as well as household's gross month to month profits will have to not exceed S£14,000. The flat should also have at the very least 20 years of lease remaining to market back again to HDB and all house owners needs to have fulfilled the Minimum Profession Interval (MOP) of 5 years. The proceeds from the sale are click here used to top up the owner's CPF Retirement Account (RA), that is then used to join CPF Lifestyle to provide a lifelong month-to-month payout. Individuals may also receive a cash reward of nearly S£30,000.