Comparing lease-buy-back-scheme with CPF LIFE.
Today's 3 room HDB flats, depending on location, can easily fetched between $180,000 to probably more than $200,000. ( maybe housing agents may wish to elaborate ).
A better option, instead of lease-buy-back-scheme, sell off the 3 room flat, buy a studio Senior Citizen's HDB apartment for $60,000, balance put the money in CPF Life and draw monthly payouts.
Accordine to CPF LIFE PLAN : With $117,000 in CPF retirement account, choose Life Basic Plan catagory, the monthly draw-out is between $855 to $946. This sum should be enough for a couple / single to live life comfortable for as long as they live.
Comparatively, a retiree gets more monthly payouts from CPF LIFE than the lease-buy-back.
better do your sums carefully.