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| Definition | : | Lease Buyback Scheme |
| Category | : | Governmental » Policies & Programs |
| Country/ Region |
: | Singapore
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| Popularity | : |
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| Type | : |
Initialism
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Lease Buyback Scheme (LBS) is a housing initiative introduced by the Housing and Development Board (HDB) in Singapore. It is designed to provide elderly homeowners with a way to monetize their homes while continuing to live in them.
LBS allows eligible homeowners, aged 65 and above, to unlock the value of their HDB flat's remaining lease and use it to supplement their retirement income.
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The full form of LBS is Lease Buyback Scheme