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There are various housing monetisation options available to help you unlock the value of your HDB flat, to supplement your retirement needs.
*Flat owners may choose to take up more than one housing monetisation option, if eligible. For example in Mr A's case, he received an SHB of $30,000 when he bought a 3-room flat and top up his CPF Retirement Account. 5 years later, he decided to rent out the flat to receive monthly income on top of his CPF LIFE monthly payout and stay with his children for mutual care and support. Taking up the 2 housing monetisation options allowed him to supplement his retirement needs. Please note that flat owners may enjoy either the SHB or LBS bonus but not both.
Find out how families in different situations decide on the monetisation option that best suits their needs through our videos in different languages and dialects. You may also refer to these brochures on housing monetisation options in different languages (English/ Chinese/ Malay/ Tamil) and the LBS leaflet on a worked example in different languages (English/ Chinese/ Malay/ Tamil).
You can also find out more details about the respective various monetisation options and their eligibility through the following links: