Tag Archives: Monetise

GERALD GIAM: I PREFER THE LEASE BUYBACK SCHEME TO APPLY TO ALL TYPES OF FLATS

It is good that the Lease Buyback Scheme (LBS) has been extended to 4-room flats. The LBS has not seen a very good take up rate so far, in large part because it was restricted to only 3-room or smaller flats. But as I had stated in my 2012 Budget debate speech, I would prefer for LBS to be extended to all flat sizes. This will help more elderly folks monetise their flats without having to sell and move out of their flats, which many of them attach a lot of sentimental value to.

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