There is no certain general public information on a "hdb lease buyback plan 880 29". The numbers very likely make reference to a certain handle or situation, but these types of specifics are certainly not publicly disclosed. The HDB Lease Buyback Scheme (LBS) is actually a application that allows qualified seniors to offer a percentage of their flat's lease back to HDB in exchange for the hard cash bonus as well as a CPF top rated-up to spice up their retirement income. For being qualified, not less than 1 owner have to be a Singapore Citizen, all house owners needs to be a minimum of 65 a long time previous, plus the domestic's gross monthly income should not exceed S$14,000. The flat should also have at the very least 20 years of lease remaining to promote back to HDB and all proprietors will need to have website fulfilled the Bare minimum Occupation Period (MOP) of five years. The proceeds from the sale are used to top up the operator's CPF Retirement Account (RA), which happens to be then utilized to be part of CPF Lifetime to offer a lifelong regular monthly payout. Members also can receive a money reward of nearly S£30,000.