I recently read an article by credit card site MoneySmart which titled 4 Reasons Singaporean Seniors Should Think Twice Before Participating in the Lease Buyback Scheme. This is not the only article they have written on HDB’s Sale and Leaseback scheme. After reading a lot of these articles, I understand that what they are trying to do is provide information on a subject, like I was doing, different perspective, like what I was doing. There are 4 points that they raised that tells us that WE should think twice about HDB Sale and Leaseback scheme:

1. The amount that you received might have to go back to your CPF Retirement
2. You might get a better deal if you hold your property and sell off later
3. Your property cannot be passed down to your family
4. There are more attractive options like subletting and downsizing

The points provide food for thought for many near ......