Lease Buyback Scheme gives elderly couple peace of mind financially

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.
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

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.

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A version of this article appeared in the print edition of The Straits Times on August 21, 2018, with the headline 'Lease Buyback Scheme gives elderly couple peace of mind financially'. Print Edition | Subscribe