HDB Lease Buyback vs reverse mortgage?

I refer to the article “The safer way to release equity” (The Daily Telegraph, Jun 2).

It states that “Always ask for a lifetime mortgage. You keep ownership and deeds to your home.”

Let us try do a comparison with the HDB Lease Buyback scheme.

Comment: HDB’s is for a fixed lease like 30 years, instead of as long as you live.

“Always ask for an Equity Release Council approved plan. One major benefit is the No Negative Equity Guarantee.”

Comment: HDB’s is “no equity” for the owner(s), instead of a guarantee that there will never be “negative equity”.

“Discuss the options to protect your equity.”

Comment: HDB’s does not enable you to pass on any remaining equity on death to beneficiaries.

“Keep your options open with the ability to make payments.”

Comment: HDB’s pay you a fixed monthly annuity for life, instead of the option to receive less or nothing during periods when the owner (s) do not need the full monthly annuity payout.

“Gather information, then get advice.”

Comment: HDB’s advice is by the HDB, instead of independent specialist advice.

What do you think of the HDB’s Lease Buyback scheme?

How does it compare with other reverse mortgage schemes in the world – especially from the perspective of the owner(s)?


Leong Sze Hian



Sponsored Content

4 Responses to “HDB Lease Buyback vs reverse mortgage?”

  • PAP has the mandate:

    Who cares about Stinkapore’s 99 years leasehold properties…hahhahahah

    GD Star Rating
  • LIONS:

    these are all gimmicks to placate the jobless n needy sgs among us.
    the responsibilty of a good govt is to ensure as much job security as possible.
    in SG’ s case,it is obvious the G is doing the exact OPPOSITE with its DAFT ANTI-SGS FT POLICY that is being implemented recklessly.

    fake talents with fake degrees to replace genuine local grads is really a NATIONAL DISGRACE TO OUR LOCAL TOP=RANKED UNIVERSITIES.


    GD Star Rating
  • PRC Houses only 70yrs Lease:

    On this March 15th during the 12th National Congress China Premier Li Keqiang said… Leases will be topped up and renewed, automatically, unconditionally .. without prior owners’ application
    In PRC residential houses only 70 years lease, some even much lesser, counting from developer acquires the land, not from TOP.

    GD Star Rating
  • One Off Solution:

    Suggest Government give back to all HDB fully paid owners one off sum for the land costs to their CPF account eg $200K
    This will solve many of the asset rich cash poor elderly problem.
    They don’t have the cash to cope with the high costs of living and medical costs now.

    GD Star Rating
Member Services
Members LoginSelf-ClassifiedsSelf-Support
Sponsored Advertisement

Search On TR Emeritus
Sponsored Advertisement

Most Recent Comments
  • Academic result not Realworld: If Scholars equal Best performer in real life jobs, then Singapore scholars in...
  • Realist: 66 pages of legal reasons and you accepted with a heavy heart ? Rejoice as this shows the govt knows what...
  • PAP has the mandate: With all the sonar detectors on board, yet in the open sea, they can collide….LOL.
  • Bapak: D1 doesn’t know this word.
  • 衣图阿八: 贴文者患有严重的近视症 被革职的“约塞.哎攻阴”只是第七舰队司令 照贴文者的逻辑: ……太平洋海军司令,斯考得.寺維耳特,就是干掉约瑟.哎攻阴的 好,应该不应该丟乌沙帽? ……还有海军总长,他也不能幸免?...
  • Bullshit...: Do I have to listen to the Holy Goh? We all get screwed after each election because we praise our...
  • 一木木一格格: 红尘来去一场空,空,空,空,空,空………… “我还会继续努力,为你们发声,奋斗…………” 空谈,空洞得令人发神经!
  • Ali Baba: Ah! for Singapore Ministers, including the idiotic PM, need not worry the least, in any kinds of wrongful...
Support TR Emeritus
Support TR Emeritus:
Other Amount:
Readers Statistic
Latest Statistic
Free Classifieds
  • Sample of a Premium 4 Ad

    . This ia a sample of how a Premium 4 Ad (can upl...
    [Read more]

  • Seeking Top Singaporean tutors to regist

    Seeking only Full Time Graduate tutors to register...
    [Read more]

  • Providing IT Support Services and Repairs

    Wireless AP and Controllers Internet Access Serv...
    [Read more]

  • [$9 Shareme Headphone or $99 Karaoke Sound Bar] HD 1280x800, 3000 Lumens, Wifi, Bluetooth, Android I

    [Read more]

  • Free 3 days trial for Singapore intraday

    Are you feeling cheated by the fake promises made ...
    [Read more]