The HDB provides two most important buyback techniques to assist with housing and retirement desires. The 1st could be the Lease Buyback Plan (LBS) , which permits elderly homeowners aged sixty five and higher than 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 reward of as many as S$30,000. This allows them to age in position while acquiring a lifelong regular monthly payout from CPF Lifestyle. The 2nd could be the hdb buy back scheme 590 28 Voluntary Early Redevelopment Scheme (VERS) , which enables homeowners of flats aged 70 many years and more mature to vote on no matter if the government can purchase back again their houses. Compared with the Obligatory SERS, VERS is voluntary, and particulars on payment plus a voting threshold are still staying finalized. The initial VERS projects are predicted to become rolled out to a couple web sites in the first 50 percent from the 2030s.