There is not any certain general public information on a "hdb lease buyback plan 880 29". The quantities very likely make reference to a certain handle or situation, but these types of specifics are usually not publicly disclosed. The HDB Lease Buyback Scheme (LBS) can be a application that allows qualified seniors to offer a percentage of their flat's lease back to HDB in exchange for the hard cash bonus along with a CPF prime-up to spice up their retirement income. To become qualified, no less than one owner has to be a Singapore Citizen, all homeowners need to be at least 65 many years previous, as well as the house's gross regular money will have to not exceed S£fourteen,000. The flat must even have at least twenty years of lease remaining to provide again to HDB and all entrepreneurs needs to have fulfilled the Minimum amount Profession Period of time (MOP) of 5 years. The proceeds through the sale are accustomed to best up the proprietor's CPF get more info Retirement Account (RA), which can be then used to join CPF LIFE to deliver a lifelong every month payout. Contributors might also receive a money bonus of nearly S£30,000.