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Age 55 - 67

Silver Housing Bonus (SHB)



A cash bonus of up to $20,000 when you sell your existing house to buy a smaller flat type and use some of the net sale proceeds to top up your CPF Retirement Account (RA) and join CPF LIFE.

Key Information

The Scheme has been introduced to help lower-income elderly households supplement their retirement income when they right-size their flat. If you buy a smaller flat type (up to 3-room flat), you can apply for the SHB and receive up to $20,000 cash bonus per household by using some of your net sale proceeds to top up your CPF Retirement Account (RA) and join CPF LIFE.

Qualifying Criteria/ Age Group

At least one owner is a Singapore Citizen aged 55 or above

  • Gross monthly household income of $12,000 or less
  • HDB flat (met Minimum Occupation Period for resale), or
    Private property of Annual Value of $13,000 or less; and
    No concurrent ownership of second property
  • Smaller HDB flat (up to 3-room); and
    Purchase price does not exceed selling price of existing property
  • Booking of new HDB flat, or application to buy resale flat must be:
    before sale of existing property; or
    within 6 months of completing sale of existing property

Resource Links/ References/ Details

HDB: Silver Housing Bonus

HDB Hotline

1800 866 3066