Lease Buyback Scheme - Eligibility

Eligibility

LBS is available to Singapore citizens owning three-room or smaller HDB flats. They must also meet the following criteria:

• Age of youngest lessee is 63 years or older;
• Household income of S$3,000 or less;
• Must not have owned or currently own a private residential property;
• Have only enjoyed one housing subsidy;
• Must not have any outstanding loan on their flat that exceeds $5,000;
• Have lived in the existing flat for 5 years or more.