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Retirement Guru: Unlocking the Value of Your Home
Successful retirement living requires four elements — Health, Income, Purpose, and Experiences. As Singaporeans, our homes make up a significant portion of our retirement nest eggs. Unfortunately, owning property is a zero-sum game. You either own it completely, or you don’t. You can’t sell parts of it to fund your retirement.
This is where the Housing and Development Board’s (HDB) Lease Buyback Scheme comes in. HDB’s LBS offers a solution for eligible retirees to unlock the value of their homes and enjoy a steady stream of income.
What is the Lease Buyback Scheme?
The Lease Buyback Scheme allows eligible HDB flat owners to sell a portion of their lease to the HDB, while continuing to live in their home for the remaining lease period. This scheme is designed to help retirees monetize their flat’s value, supplement their retirement income, and enjoy a more comfortable golden age.
Benefits for Retirees
1. Regular Income Stream: Receive a steady stream of income from the sale of your lease, providing financial security and peace of mind.
