The HDB offers two key buyback techniques to assist with housing and retirement demands. The primary would be the Lease Buyback Scheme (LBS) , which permits 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 decide to retain a lease concerning fifteen to 35 a long time and use the proceeds to major up their CPF Retirement Account, read more obtaining a income bonus of as many as S$30,000. This allows them to age in position while acquiring a lifelong regular monthly payout from CPF Existence. The second could be the Voluntary Early Redevelopment Scheme (VERS) , which will allow house owners of flats aged 70 a long time and older to vote on irrespective of whether The federal government should buy again their properties. In contrast to the Obligatory SERS, VERS is voluntary, and specifics on compensation and also a voting threshold are still being finalized. The 1st VERS tasks are envisioned to get rolled out to a few web-sites in the initial 50 % on the 2030s.