There is no certain general public information on a "hdb lease buyback plan 880 29". The numbers very likely 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 and a CPF leading-up to boost their retirement cash flow. To generally be eligible, a minimum of one particular operator needs to be a Singapore Citizen, all owners should be at the least sixty five several years outdated, as well as household's gross month-to-month earnings need to not exceed S$14,000. The flat need to also have at the very least 20 years of lease remaining to promote back to HDB and all proprietors will need to have fulfilled the Minimal Occupation Period (MOP) of 5 years. The proceeds from the sale are utilized to major up the operator's CPF Retirement Account (RA), and that is then accustomed hdb lease buyback scheme 880 29 to be a part of CPF Existence to supply a lifelong month-to-month payout. Participants can also get a dollars bonus of around S$thirty,000.