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Residential

Monetising Your Flat For Retirement

 

There are various housing monetisation options available to help you unlock the value of your HDB flat, to supplement your retirement needs. 

  What it is about Benefits
Right-sizing with Silver Housing Bonus You can apply for the Silver Housing Bonus (SHB) if you are right-sizing from a larger flat to a 3-room or smaller flat.
  • Receive lifelong monthly income through CPF LIFE and keep any balance proceeds after CPF top-up as cash
  • Receive SHB of up to $20,000 cash
Renting Out Your Flat If you have alternative accommodation (e.g. staying with your children), you can rent out your flat.
  • Receive rental income
Renting Out Your Spare Bedroom

If you wish to continue living in your flat, you can choose to rent out your spare bedroom(s).

  • Receive rental income
  • Continue to live in your current flat
Lease Buyback Scheme You can sell the tail-end of your flat’s lease to HDB through the Lease Buyback Scheme (LBS) and receive an LBS bonus.
  • Receive lifelong monthly income through CPF LIFE and keep any balance proceeds after CPF top-up as cash
  • Receive LBS bonus of up to $20,000 cash
  • Continue to live in your current flat

You can find out more about the various monetisation options and their eligibility through the following links: