By MoneyBees
See your Silver Housing Bonus for right-sizing to a 3-room or smaller flat at 55 or older: net sale proceeds, the up to S$60,000 RA commitment and the cash bonus of up to S$40,000.
A cash bonus of up to S$40,000 per household for owners aged 55 and above who sell their home, buy a 3-room or smaller flat, commit up to S$60,000 as a net increase in their CPF RA and join CPF LIFE.
S$1 for every S$2 you commit to your RA, up to S$30,000 for S$60,000. If your next flat is a 2-room or smaller, you get S$10,000 more, which is not pro-rated. If you sell a private home with an Annual Value of S$21,000 to S$31,000, it is S$1 for every S$6, up to S$10,000, plus the S$10,000.
At least one owner must be a Singapore citizen aged 55 or above, household income must be S$16,000 a month or less, and you must sell an HDB flat past its minimum occupation period or a private home with an Annual Value of up to S$31,000. Your next flat must be a 3-room or smaller.
Not always. Your CPF housing refunds from the sale count towards the commitment, so if they are enough you may not need a cash top-up.
Up to S$60,000 per household as a net increase in the RA. It is capped by your net sale proceeds and by the Full Retirement Sum. If you commit less, the bonus is pro-rated.
The selling price less the housing loan you still owe, the price of your next flat, and any resale levy or subsidy recovery. They must be positive to get the bonus.
No. Since 1 Dec 2025 it is a cash bonus. The money you commit goes into your RA for CPF LIFE payouts; the bonus itself is paid in cash.
Buy your next flat before selling, or within 12 months of completing the sale, and apply within 1 year of the legal completion of the second transaction.
Junxiong-WFG Organisation is an authorised representative of AIA Financial Advisers Private Limited (Reg. No. 201715016G).