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Silver Housing Bonus. If you are selling your current flat or private housing with Annual Value not exceeding $21,000 and buying a 3-room or smaller flat, you can supplement your retirement income with the Silver Housing Bonus (SHB).
Jun 14, 2024 · The Silver Housing Bonus enables elderly Singaporeans to monetise their flat and right-size to a smaller flat. The net sale proceeds will be used to top up their Retirement Account and hence supplement their retirement income. They can also receive a cash bonus of up to $30,000.
Silver Housing Bonus (SHB) Seniors aged 55 or above may receive cash bonus when they right-size to a 3-room or smaller HDB flat, and top-up the proceeds from the sale of their existing property into their CPF Retirement Account (RA) and join CPF LIFE.
Mar 4, 2020 · There are various housing monetisation options available to help you unlock the value of your HDB flat, to supplement your retirement needs: Silver Housing Bonus; Renting Out Your Flat/ Spare Bedroom; Lease Buyback Scheme
Mar 16, 2020 · Whether you’re a retiree who decided to rightsize from your current HDB flat to a smaller flat, or want to sell your current home for a smaller HDB flat to accommodate your retirement years, the good news is that the government will incentivise you with up to $30,000 in cash bonus via the Silver Housing Bonus, or SHB for short.
Move into a new flat, and apply for the Silver Housing Bonus (SHB) If they sell their current flat, buy a 3-room resale flat in the same town and apply for SHB, they can enjoy: Cash bonus of $30,000, after they use some of their proceeds to top-up $60,000 to their CPF Retirement Account
Mar 16, 2020 · The Silver Housing Bonus (SHB) scheme provides elderly Singapore households with a cash bonus when they right-size to a 3-room or smaller flat, which can be bought either from HDB or the resale market.
