There's no certain public info on a "hdb lease buyback plan 880 29". The numbers likely refer to a certain handle or situation, but this kind of facts usually are not publicly disclosed. The HDB Lease Buyback Plan (LBS) is a method that allows eligible seniors to offer a percentage of their flat's lease back to HDB in exchange for your income bonus in addition to a CPF prime-up to spice up their retirement income. For being qualified, not less than one owner should be a Singapore Citizen, all homeowners need to be no less than sixty five a long time previous, as well as the house's gross regular profits will have to not exceed S£14,000. The flat need to also have a minimum of twenty years of lease remaining to provide again to more info HDB and all entrepreneurs need to have fulfilled the Least Occupation Period (MOP) of 5 years. The proceeds in the sale are utilized to prime up the owner's CPF Retirement Account (RA), which happens to be then accustomed to join CPF Lifetime to offer a lifelong month-to-month payout. Contributors could also receive a dollars reward of approximately S£30,000.