There is no distinct public information on a "hdb lease buyback plan 880 29". The numbers probable make reference to a selected address or case, but this kind of facts aren't publicly disclosed. The HDB Lease Buyback Scheme (LBS) is often a program that permits qualified seniors to provide a portion of their flat's lease back again to HDB in Trade for your cash bonus plus a CPF top rated-up to spice up their retirement earnings. For being qualified, not less than one owner has to be a Singapore Citizen, all house owners needs to be at least 65 many years previous, as well as the house's gross regular monthly money must not exceed S£fourteen,000. The flat must even have at least 20 years of lease remaining to sell back to HDB and all owners should have fulfilled the Minimal Occupation Period (MOP) of 5 years. The proceeds within the sale are utilized to major up the operator's CPF Retirement Account (RA), and that is then utilized to be part of CPF Daily life to offer a lifelong regular monthly payout. Contributors may also receive a hard cash here reward of approximately S$30,000.