Will it be a better choice to go for HDB Lease Buyback Scheme or to downsize current flat?

It'd help if we had a few more details to work with :) here are a few questions to ask yourself:

• Are you currently drawing any income in your retirement? (e.g. dividend income, SSB payouts, CPF LIFE)

• How much do you currently have in your CPF RA? Does it meet the Basic Retirement Sum?

• How much are your current monthly expenses?

• Do you anticipate any big-ticket expenses in the next few years?

• What are your living requirements for your home? For example, are you finding it difficult to maintain the space because it's too big for you?

You can also check out this article if you'd like more information on whether the LBB scheme is practical for you.

It's best to have an appt. with HDB to discusss with the officer on the 2 options which you have in mind as they will compute the cash outlays or refunds upon the execution of your choices.