Tag: LBS

HDB Lease Buyback Scheme(LBS): Before you sign the dotted line ….

As Singaporeans age and live longer, the government is rightfully thinking of ways to help seniors cope financially, especially those who do not have enough cash either in the CPF or in the bank but owns a HDB unit. At the same time, it wants to support the policy of “ageing-in-place”. According to HDB, “through the Lease Buyback Scheme (LBS), you will be able to monetise your flat to receive a stream of income in your retirement years, while continuing to live in it. ” That idea sounds quite decent. Since January 1, 2019, about 130,000 HDB unit owners are now eligible for the LBS. Before you sign the dotted line, here are 4 things you should know.

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