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More take up HDB's Lease Buyback Scheme after enhancements

Household income ceiling raised to S$12,000; flat owners can choose length of lease to be retained

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Some 1,506 households are currently under the Housing Board's (HDB) Lease Buyback Scheme, with 541 of them taking it up in the past year.

Singapore

SOME 1,506 households are currently under the Housing Board's (HDB) Lease Buyback Scheme, with 541 of them taking it up in the past year.

The scheme, introduced in March 2009, allows elderly flat owners to sell part of their lease back to the HDB for retirement income.