Written Answer by Ministry of National Development on minimum age requirement for the Lease Buyback Scheme

Sep 2, 2019

Mr Gan Thiam Poh: To ask the Minister for National Development whether the Government will consider lowering the minimum age requirement for the HDB Lease Buyback Scheme for flat owners who need long-term medical treatment for chronic illnesses.

Answer:

The qualifying age for LBS is set at the CPF Payout Eligibility Age of 65 to allow seniors to receive their monthly CPF payouts immediately after they take up the LBS. Nevertheless, HDB is prepared to and has exercised flexibility on the age requirement for those with long term medical expenses.

We thank the Member for his feedback and will take it into consideration as we continue to review our schemes.