There isn't a specific community info on a "hdb lease buyback scheme 880 29". The figures most likely seek advice from a specific tackle or circumstance, but this sort of facts aren't publicly disclosed. The HDB Lease Buyback Scheme (LBS) is often a plan that permits qualified seniors to provide a portion of their flat's lease back again to HDB in exchange for your cash bonus plus a CPF top rated-up to spice up their retirement income. For being qualified, no less than one owner has to be a Singapore Citizen, all homeowners need to be not less than sixty five years old, and also the family's gross regular monthly cash flow ought to not exceed S£fourteen,000. The flat ought to even have no less than twenty years of lease remaining to offer back again to HDB and all homeowners have to more info have fulfilled the Bare minimum Occupation Time period (MOP) of five years. The proceeds from the sale are used to top up the operator's CPF Retirement Account (RA), which happens to be then utilized to be part of CPF Daily life to supply a lifelong month to month payout. Individuals may also get a hard cash reward of around S$thirty,000.