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Lease Buyback Scheme gives elderly couple peace of mind financially
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Mr Abdul Rahman Kemat and his wife, Madam Samah Saat, 66, in their four-room flat in Jurong West. Mr Abdul sold 46 years of the lease - which had 81 years left at the time - to HDB for $144,000 two years ago.
ST PHOTO: GAVIN FOO
Rachel Au-Yong
When former security officer Abdul Rahman Kemat sold more than half the remaining lease on his four-room flat to the Housing Board, he saw two benefits.
One, a good passive income on which he can retire.
