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:

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

From 1 December 2025:

  1. The maximum amount of Silver Housing Bonus (SHB) will increase from $30,000 to $40,000.
  2. 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.
  3. 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).