How can I monetise my property for higher monthly payouts?
You can unlock the value of your property and increase your monthly payouts using one of the following options:
If you are moving to a 3-room or smaller flat, you can supplement your retirement income by topping up your CPF Retirement Account through the Silver Housing Bonus scheme to boost your CPF monthly payouts, and receive a cash bonus of up to $30,000.
You can sell part of your flat’s lease to HDB through the Lease Buyback Scheme and use the proceeds to top up your CPF Retirement Account to boost your CPF monthly payouts in retirement, while continuing to live in your flat. You can also receive a cash bonus of up to $30,000.