Within three weeks of changes being announced to the Lease Buyback - TopicsExpress

Within three weeks of changes being announced to the Lease Buyback Scheme on Sep 3, the Housing and Development Board (HDB) received 500 queries, almost thrice the number they receive in a typical month. The Lease Buyback Scheme allows eligible seniors to retain part of the lease on their HDB flat, and sell the remainder back to HDB for retirement income. Speaker of Parliament and Chairwoman of the People’s Action Party Seniors Group Halimah Yacob said it is a real challenge, building awareness of the scheme. Mdm Halimah said there is a larger issue at play - a lack of financial literacy among seniors, although there are existing programmes to help them better manage their money. Channelnewsasia Article / MediaCorp Video: channelnewsasia/news/singapore/hdb-lease-buyback-scheme/1437952.html

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