There is no distinct public information on a "hdb lease buyback plan 880 29". The numbers probable make reference to a certain handle or situation, but these particulars are certainly not publicly disclosed. The HDB Lease Buyback Plan (LBS) is really a method which allows eligible seniors to market a percentage of their flat's lease again to HDB in exchange to get a funds reward in addition to a CPF leading-up to boost their retirement cash flow. To generally be eligible, at the very least one particular operator needs to be a Singapore Citizen, all owners has to be at the least sixty five yrs aged, as well as household's gross month-to-month revenue need to not exceed S$14,000. The flat need to also have at the very least 20 years of lease remaining to promote back to HDB and get more info all owners should have fulfilled the Minimal Occupation Interval (MOP) of 5 years. The proceeds with the sale are utilized to prime up the proprietor's CPF Retirement Account (RA), that's then accustomed to join CPF Lifestyle to provide a lifelong monthly payout. Contributors might also get a income bonus of nearly S£30,000.