The HDB features two principal buyback strategies to help with housing and retirement needs. The first is the Lease Buyback Plan (LBS) , which will allow aged homeowners aged 65 and above with a gross domestic profits under S$fourteen,000 to offer portion of their flat's remaining lease again to HDB. They will elect to retain a lease concerning fifteen to 35 many years and utilize the proceeds to top rated up their CPF Retirement Account, getting a money reward of approximately S$thirty,000. This permits them to age in place though obtaining a lifelong month-to-month payout from CPF LIFE. The next may be the Voluntary Early Redevelopment Plan (VERS) , which will permit proprietors of flats aged 70 decades and more mature to vote on regardless of whether the government can buy back their households. Not like the compulsory SERS, VERS is voluntary, and facts on compensation and a voting threshold remain here becoming finalized. The 1st VERS tasks are envisioned to get rolled out to a few web-sites in the initial 50 % on the 2030s.