A hybrid equity release plan for retirement financing

• Main Authors: KWONG, Koon Shing, TSE, Yiu Kuen, CHAY, Junxing
• Format: text
• Language: English
• Published: Institutional Knowledge at Singapore Management University 2021
• Subjects: reverse mortgage; Lease Buyback Scheme; equivalence principle; mortality risk; Econometrics; Finance
• Online Access: https://ink.library.smu.edu.sg/soe_research/2420; https://ink.library.smu.edu.sg/context/soe_research/article/3419/viewcontent/HybridEquity_pv.pdf
• Institution: Singapore Management University

There are two main equity release plans for retirement financing: reverse mortgage plan and home reversion plan. Both plans entitle the homeowners not only to release cash from their properties but also to allow them living there for life. In the lease buyback scheme (LBS) recently introduced in Sin...