Elderly

Lease Buyback Scheme (LBS)

Seniors can sell part of their flat's lease back to HDB to top up CPF Retirement Account and get a cash bonus.

From Housing & Development Board (HDB)

Who can apply

• Singapore citizens

What to bring

• Singpass
• Flat ownership documents

How to apply

Seniors aged 65+ can sell part of the tail-end lease of their 2- to 5-room flat back to HDB. Proceeds top up CPF RA and a cash bonus of up to $30,000 is paid out. Apply via HDB's e-service using Singpass.

Other elderly help

• Financial Assistance Schemes & Food Vouchers
  Eurasian Association Singapore
  Provides info, referrals, financial and food aid.
• Financial Assistance
  BCARE
  Short-term aid for families in Hougang, Sengkang, Punggol.
• Merdeka Generation Package
  Ministry of Health (MOH)
  Healthcare subsidies for Merdeka Generation seniors.
• Viriya Elderly Medical Programme (VEMP)
  Viriya Community Services
  VEMP supports low-income seniors with medical needs.
• Senior Day Care Subsidy
  Singapore Indian Development Association (SINDA)
  Subsidy for Indian seniors' day care fees.

You might qualify for more.

Lease Buyback Scheme (LBS) is one of 675 schemes in cancheck. Most people qualify for several. Answer a few quick questions to see what else you might be eligible for.