There's no specific community information on a "hdb lease buyback scheme 880 29". The quantities very likely make reference to a selected address or scenario, but such information are not publicly disclosed. The HDB Lease Buyback Scheme (LBS) is often a plan that enables suitable seniors to sell a part of their flat's lease back again to HDB in Trade for a funds reward and a CPF best-up to boost their retirement profits. To be eligible, at the least a person owner has to be a Singapore Citizen, all homeowners need to be at least 65 many years previous, along with the residence's gross monthly earnings should not exceed S$14,000. The flat need to also have at the least 20 years of lease remaining to market back again to HDB and all homeowners have to have fulfilled the Least Profession Time period (MOP) of five years. The proceeds from your sale are used to leading up the owner's CPF Retirement Account (RA), that is then used to join more info CPF LIFE to deliver a lifelong every month payout. Contributors might also get a income bonus of as much as S£thirty,000.