2 days ago
More home owners tapping HDB's lease buyback scheme to boost retirement income
As at Dec 31, 2024, 13,734 households have taken up the Lease Buyback Scheme. ST PHOTO: LIM YAOHUI
SINGAPORE – Owners in Singapore are tapping their homes and other schemes to add to their retirement kitty.
There is a steady increase in the number of home owners, for instance, who are selling part of the lease of their flats back to the Housing Board, with most of them getting between $100,000 and $300,000 in proceeds.
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