HDB open to flex­i­bil­ity with LBS age re­quire­ment

The Straits Times - - OPINION -

We thank Mr Cheng Choon Fei for his let­ter (Make lease buy­back more se­nior-friendly; Aug 23).

The Lease Buy­back Scheme (LBS) al­lows se­niors to mon­e­tise their flat for their re­tire­ment needs while con­tin­u­ing to live in it. This is done by sell­ing part of their re­main­ing lease to HDB.

Un­der this scheme, se­niors use part of their pro­ceeds to top up their CPF Re­tire­ment Ac­count and join CPF Life to re­ceive a monthly in­come stream for life.

The CPF top-up re­quire­ment seeks to strike a bal­ance be­tween chan­nelling the pro­ceeds to­wards a

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