Written answer by Ministry of National Development on the HDB flat owners who have opted for the Lease Buyback Scheme

Oct 15, 2025

Question No. 660

Question by: Mr Foo Cexiang

Question  

To ask the Minister for National Development (a) what is the number of HDB flat owners who opted to sell their flat’s lease under the Lease Buyback Scheme for the period January to June 2025; and (b) whether these flat owners’ HDB flats will still be eligible for the Voluntary Early Redevelopment Scheme (VERS) in the future whilst these flat owners still reside there.

Answer

From January to June 2025, 1,170 senior households have joined the Lease Buyback Scheme (LBS). The scheme is designed to help seniors unlock the value of their homes by selling a portion of their flat’s remaining lease to the Government while continuing to live in their flats. The proceeds are used to top up their CPF Retirement Accounts, and seniors receive a lifetime stream of monthly payouts via CPF LIFE to support their retirement needs.

Seniors who would like to supplement their retirement incomes should continue to consider LBS as a possible option, without worrying about whether their block will go through VERS.

If a senior joins LBS and his block subsequently goes through VERS, the government will ensure that he receives a fair package, which takes into account the value of the remaining retained lease of his flat.