37 percent of 530 feedback inputs on REACH platforms were related to the HDB’s Lease Buyback Scheme and the Silver Support Scheme. This, since the start of a feedback exercise on Prime Minister Lee Hsien Loong’s National Day Rally on Aug 17. Much feedback was also received on the the option for the elderly to withdraw part of their CPF savings in a lump sum.
The Silver Support scheme promises to provide a sum of money annually to low-income elderly.
The Lease-Buyback Scheme is a scheme in which the elderly can sell their flats to the government at market value to fund their retirement.