The HDB provides two most important buyback techniques to assist with housing and retirement demands. 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 bonus of as many as S$30,000. This allows them to age in position whilst acquiring a lifelong regular payout from CPF Existence. The second is definitely the Voluntary Early Redevelopment Scheme (VERS) , which will allow house owners of flats aged 70 several years 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 payment and also a voting threshold are still being finalized. The 1st VERS tasks are envisioned to get rolled out to a few website web-sites in the initial 50 % on the 2030s.