Maybe this isn’t something that you are likely to discuss with your circle of friends, but worrying about our parents’ retirement is a common issue…

Or worse, you’ve just started planning for your retirement and you’re worried that you might not have enough to sustain your daily needs in the future?

Erm, have you even started planning? 

Apart from the HDB Lease Buyback Scheme, the Housing & Development Board (HDB) has another trick up its sleeve to help supplement the retirement income for yourself or your parents.

TL;DR – The Ultimate Guide To Silver Housing Bonus (SHB) Scheme

Hang on, don’t get too excited!

There are some conditions you need to meet before you are eligible for SHB.

Criteria Eligibility Age & Citizenship At least one owner is a Singapore Citizen aged 55 or above Income Gross monthly household income is within $14,000 Existing Property HDB flat (met