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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.
You can sell part of your flat’s lease to HDB and choose to retain the length of lease based on the age of the youngest owner. The proceeds from selling part of your flat’s lease will be used to top up your CPF Retirement Account (RA). You can then use your CPF RA savings to join CPF LIFE, which will provide you with a monthly income for life.
In order for your household to qualify for the LBS, the following conditions must be met:
All owners must have reached the eligibility age (currently set at age 65) or older
At least one owner must be a Singapore Citizen
Gross monthly household income of $14,000 or less
All flat types*
No concurrent ownership of second property
Minimum Occupation Period
All owners have been living in the flat for at least 5 years
At least 20 years of lease to sell to HDB
*Excluding short-lease flats, HUDC, and Executive Condominium units
Find out how the scheme works for more information on the LBS.
You may wish to follow the steps to apply for the LBS .
If you need assistance, you can call our toll-free HDB Branch Service Line at 1800-225-5432 between 8:00am and 5:00pm from Mondays to Fridays.
As the LBS is for those who wish to age-in-place, the lease is non-transferable on the open market. You may not sell the flat on the open market or rent out the whole flat.
If you outlive the lease of your flat, you will not be left homeless. We will look into your circumstances such as family support, health condition, and financial status, and work out an appropriate housing arrangement with you and your family members.
If you wish to change ownership of your flat without a sale (i.e. without monetary consideration), find out more about the types of ownership changes and the eligibility conditions.