The HDB delivers two principal buyback strategies to help with housing and retirement wants. The initial would be the Lease Buyback Scheme (LBS) , which permits elderly homeowners aged sixty five and higher than which has a gross residence cash flow under S$14,000 to provide section in their flat's remaining lease back again to HDB. They are able to choose to keep a lease amongst 15 to 35 many years and utilize the proceeds to top rated up their CPF Retirement Account, obtaining a income reward of as many as S$30,000. This allows them to age in position whilst receiving a lifelong every month payout from CPF Daily life. The next is the Voluntary Early Redevelopment Plan (VERS) , which allows owners of flats aged 70 decades and older to vote on regardless of whether the government can buy back again their homes. Contrary to the compulsory SERS, VERS is voluntary, website and details on payment plus a voting threshold are still staying finalized. The initial VERS projects are envisioned for being rolled out to a few web-sites in the initial 50 % on the 2030s.