The HDB presents two principal buyback strategies to help with housing and retirement requirements. The initial may be the Lease Buyback Scheme (LBS) , which enables elderly homeowners aged sixty five and earlier mentioned that has a gross house cash flow beneath S$fourteen,000 to offer portion of their flat's remaining lease back to HDB. They might prefer to keep a lease among 15 to 35 decades and make use of the proceeds to best up their CPF Retirement Account, receiving a cash reward of around S$thirty,000. This permits them to age in place though obtaining a lifelong regular monthly payout from CPF Lifestyle. The 2nd could be the Voluntary Early Redevelopment Scheme (VERS) , which will allow house owners of flats aged 70 a long time and older to vote on whether The federal government should purchase again their residences. As opposed to the Obligatory SERS, VERS is voluntary, and facts on compensation and a voting threshold remain getting finalized. The first VERS initiatives are anticipated to hdb buy back scheme 590 28 generally be rolled out to some websites in the main fifty percent of the 2030s.