Around 90 per cent received between S$100,000 and S$300,000 through the scheme.
Seniors who top up their CPF Retirement Account (RA) with the proceeds can also receive a bonus - ranging from S$7,500 to S$30,000, depending on their flat type and how much they top up.
Those who top up S$60,000 or more from their net proceeds will receive the full bonus. As of Jun 30, 93 per cent (11,715 households) received the full bonus.
"As a result of topping up to their CPF RA, households where all owners are enrolled to the CPF LIFE plan received a median monthly payout of about $1,000," said HDB.
Seniors who wish to supplement their retirement income can also opt to rent out their whole flat or spare bedrooms, said HDB.
"From January to June 2024, there were 10,301 applications to rent out whole flats and 21,219 applications to rent out bedrooms made by elderly households," it added.
They can also opt for the Silver Housing Bonus scheme, which was introduced in 2013 and aims to help seniors supplement their retirement income when they “right-size” to a 3-room or smaller flat.
HDB said it will continue to review the housing needs of seniors to ensure that housing policies remain relevant and responsive to their changing needs and preferences.
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Seniors who top up their CPF Retirement Account (RA) with the proceeds can also receive a bonus - ranging from S$7,500 to S$30,000, depending on their flat type and how much they top up.
Those who top up S$60,000 or more from their net proceeds will receive the full bonus. As of Jun 30, 93 per cent (11,715 households) received the full bonus.
"As a result of topping up to their CPF RA, households where all owners are enrolled to the CPF LIFE plan received a median monthly payout of about $1,000," said HDB.
RENTING OUT
Seniors who wish to supplement their retirement income can also opt to rent out their whole flat or spare bedrooms, said HDB.
"From January to June 2024, there were 10,301 applications to rent out whole flats and 21,219 applications to rent out bedrooms made by elderly households," it added.
They can also opt for the Silver Housing Bonus scheme, which was introduced in 2013 and aims to help seniors supplement their retirement income when they “right-size” to a 3-room or smaller flat.
HDB said it will continue to review the housing needs of seniors to ensure that housing policies remain relevant and responsive to their changing needs and preferences.
Continue reading...