A scheme for you to sell part of your flat’s lease term to HDB and obtain proceeds to top up your CPF retirement account.
The Scheme allows the Seniors to sell part of your flat’s lease to HDB and choose to retain the length of lease based on the age of the youngest owner. The proceeds from selling part of your flat’s lease will be used to top up your CPF Retirement Account (RA). You can then use your full CPF RA savings to purchase a CPF LIFE plan, which will provide you with a monthly income for life.
All owners must have reached the eligibility age (currently set at age 65) or older
- At least one owner must be a Singapore Citizen
- Gross monthly household income of $12,000 or less
- additional eligibility conditions can be found in the HDB website link (stated in the next column).