Daily Archives: 2008-03-10

Uniquely Singapore, F1 or F9: HDB Lease Buy-back?

By Leong Sze Hian I refer to the article “HDB unveils ‘income for life’ scheme for the elderly” (ST, Feb 29). The HDB will pay $87,000 plus a $10,000 government subsidy ($5,000 cash + $92,000 to CPF Life), for the balance 40 years of the lease, on a flat with a 70-year lease. In a normal reverse mortgage, the cash …

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