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geraldgiam.sg

Alternative proposals for a better Singapore

Archive for December, 2011

Lease Buyback Scheme

December 4th, 2011 in Singapore | 5 Comments »

Recently, National Development minister Khaw Boon Wan announced that MND was reviewing the Lease Buyback Scheme to include 4-room and 5-room flats.

I’m glad to hear this. It was a proposal that the Workers’ Party had made in our 2011 Manifesto (Chapter 8: Public Housing):

“The HDB’s Lease Buyback Scheme has seen a very low take-up rate since its inception. The eligibility criteria for the Scheme should be reviewed to extend it to more households who may be in financial need. It should be extended to lessees of 4-room or larger flats so that more elderly will benefit from the scheme. In addition, HDB should provide better public education on this complex scheme so that there will be a higher take up rate among the elderly.”

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