Silver Housing Bonus (SHB)
SHB helps lower-income elderly household supplement their income when they right-size their flat
The Silver Housing Bonus (SHB) is introduced to help lower-income elderly household supplement their retirement income when they right-size their flat.
If you buy a smaller flat type (up to 3-room flat) or Studio Apartment (SA), 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.
For the latest updates, please visit: http://www.hdb.gov.sg/cs/infoweb/residential/living-in-an-hdb-flat/for-our-seniors/right-size-with-silver-housing-bonus