The HDB delivers two key buyback schemes to help with housing and retirement requirements. The primary is definitely the Lease Buyback Plan (LBS) , which enables elderly homeowners aged 65 and over using a gross house cash flow underneath S£fourteen,000 to offer aspect in their flat's remaining lease back again to HDB. They could opt to retain a lease amongst 15 to 35 a long time and make use of the proceeds to best up their CPF Retirement Account, getting a money bonus of up to S£thirty,000. This permits them to age in position although receiving a lifelong month-to-month payout from CPF Lifestyle. The second is definitely the Voluntary Early Redevelopment Plan (VERS) , which will permit homeowners of flats aged 70 a long time and older to get more info vote on regardless of whether the government can purchase again their properties. As opposed to the compulsory SERS, VERS is voluntary, and details on payment and also a voting threshold are still becoming finalized. The very first VERS jobs are predicted to get rolled out to a few sites in the main 50 percent in the 2030s.