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Lease buyback now open to all HDB flats; liquidity boost for older resale flats

Singapore

ELDERLY owners in all Housing Board flats - including those in five-room units or executive maisonettes - can now sell a part of their lease to the Government and use that income to fund their retirement years.

Previously, the Lease Buyback Scheme (LBS) was restricted to those living in four-room or smaller flats.

Minister for National Development Lawrence Wong noted in a blog post on Monday that there are seniors who prefer to age in place, or have a bigger space for their extended family...

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