The HDB offers two most important buyback techniques to assist with housing and retirement demands. The 1st could be the Lease Buyback Scheme (LBS) , which makes it possible for elderly homeowners aged 65 and higher than which has a gross residence cash flow beneath S$fourteen,000 to offer element of their flat's remaining lease again to HDB. They will elect to retain a lease concerning fifteen to 35 a long time and use the proceeds to major up their CPF Retirement Account, obtaining a income bonus of nearly S$30,000. This allows them to age in position whilst acquiring a lifelong regular monthly payout from CPF website Existence. The second 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 irrespective of whether The federal government should buy again their properties. Unlike the Obligatory SERS, VERS is voluntary, and specifics on payment and also a voting threshold are still being finalized. The 1st VERS tasks are envisioned to get rolled out to a few web-sites in the initial 50 % on the 2030s.