The Silver Housing Bonus (SHB) scheme in Singapore is designed to help seniors unlock the value of their homes after retirement. The scheme has undergone significant enhancements as of March 2025. The Silver Housing Bonus Singapore plans to offer eligible seniors aged 55 and above an additional cash bonus of $10,000 from December 2025 if they downsize their property. Here’s what we know about the initiative:
Silver Housing Bonus Singapore
Seniors aged 55 and above, who downsize to a 3-room or smaller HDB flat, can earn a cash bonus of up to $40,000 and a top-up to their CPR Retirement Account. This is an additional $10,000 enhancement compared to the earlier cash bonus of up to $30,000 per household. This cash bonus increase will take effect from December 1, 2025.
To qualify for the SHB, seniors must sell their existing property, which can be an HDB flat or a private property with an annual value not exceeding $21,000. Meanwhile, the cash bonus is pro-rated at $1 for every $2 of top-up on their CPF Retirement Account, with a cap of $60,000 per household.
The 2025 eligibility criteria taking affect from December 1 states that senior citizens must have a gross monthly household income of $14,000 or less, follow outstanding housing loan protocols, and buy either a 3-room excluding a 3-room terrace, or 2-room or smaller flat, including Community Care Apartment. Plus, these seniors must not own or have interest in private residential property or must not have more than 1 non-residential property. Get the full details on the HDB website.
Additionally, SHB will be extended to seniors who right-size from private residential property with an annual value between $21,000 and $31,000 from December 1, 2025. In fact, this expansion is expected to benefit more than 15,000 seniors across Singapore.
SEE MORE: Eligible Local Citizens To Receive Singapore Government Payout In 2025
SEE MORE: Eligible Local Families To Receive Public Transport Vouchers In 2025