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

Find out your housing monetisation options and the estimated monthly payouts from monetising your flat.

From 1 December 2025:

The maximum amount of Silver Housing Bonus (SHB) will increase from $30,000 to $40,000.
You can qualify for SHB if you commit to a net increase of up to $60,000 in your CPF Retirement Account (RA) for your retirement payouts. You can use your CPF housing refunds, if sufficient, and you would no longer need to top up your RA in cash.
You can receive a cash bonus of up to $30,000 based on the net increase in your CPF RA, with an additional $10,000 bonus if you right-size to a 2-room or smaller flat.

Summary of housing monetisation options and their conditions

Housing Monetisation Options*		Silver Housing Bonus (SHB) Receive SHB when you buy a 3-room or smaller flat and top up your CPF RA	Renting Out Your Flat Stay with your family for mutual care and support while receiving monthly income when you rent out your flat	Renting Out Your Spare Bedroom Live in your flat while receiving monthly income when you rent out your spare bedroom(s)	Lease Buyback Scheme (LBS) Live in your flat for the lease retained and receive LBS bonus when you sell part of your flat's lease and top up your CPF RA
Will I...	Need to move out of my current home	Yes	Yes	No	No
	Need to buy another flat	Yes	No	No	No
	Need to top up CPF RA	Yes	No	No	Yes
	Receive lump sum proceeds	Yes (after CPF top-up)	No	No	Yes (after CPF top-up)
	Receive cash bonus	Yes (up to $40,000 based on net increase in CPF RA)	No	No	Yes (up to $30,000 based on CPF top-up and flat type)
	Receive monthly Income	Yes (from CPF payout eligibility age through joining CPF LIFE)	Yes	Yes	Yes (through joining CPF LIFE)
What do I need to take note of?		Conditions for flat ownership - for example, sale or renting out of short lease flats on the open market is not allowed	Conditions for renting out of flat - for example, owners must ensure that their tenants do not further rent out or misuse the flat	Conditions for renting out of bedroom(s) - for example, owners must continue to occupy the flat, and the total number of persons living in the flat must not exceed 6	Sale or renting out of flat on the open market is not allowed upon joining LBS

*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 topped up his CPF RA. 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).

Monetising Flat for Retirement