The HDB provides two most important 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 by using a gross house earnings below S£fourteen,000 to market component in their flat's remaining lease again to HDB. They could decide to keep a lease involving 15 to 35 many years and utilize the proceeds to top rated up their CPF Retirement Account, getting a money reward of approximately S$thirty,000. This permits them to age in place though obtaining a lifelong month to month payout from CPF Lifestyle. The 2nd would be the Voluntary Early Redevelopment Scheme (VERS) , which enables homeowners check here of flats aged 70 many years and more mature to vote on no matter if the government can purchase back again their homes. In contrast to the Obligatory SERS, VERS is voluntary, and specifics on compensation and also a voting threshold are still remaining finalized. The primary VERS tasks are envisioned for being rolled out to a few internet sites in the very first 50 % in the 2030s.