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If you own a HDB flat
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.
More details
If you own a private property
You can consider speaking with your financial institution or advisor on the available products in the market that allow you to monetise your private property to supplement your retirement income while ageing in place. As with all important financial decisions, please understand the nature of the product, and assess your risk tolerance and retirement needs before deciding if it is appropriate for you.
