The HDB features two major buyback strategies to help with housing and retirement wants. The initial may be the Lease Buyback Scheme (LBS) , which enables elderly homeowners aged sixty five and earlier mentioned that has a gross house revenue beneath S£fourteen,000 to market element of their flat's remaining lease again to HDB. They could 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 payout from CPF Existence. The second is definitely the Voluntary Early Redevelopment Plan (VERS) , which allows owners of flats aged 70 yrs and older to vote on whether or not The federal government can buy back their residences. As opposed to the Obligatory read more SERS, VERS is voluntary, and information on compensation in addition to a voting threshold remain becoming finalized. The main VERS assignments are expected to get rolled out to a few web-sites in the initial 50 % on the 2030s.