Monetising Your Flat For Retirement

You can unlock the value of your HDB flat to supplement your retirement needs. Here are the various housing monetisation options available:

	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: