Updated September 2026. This is general housing education, not personalised financial advice. Eligibility and scheme terms can change.
Begin with the life you need the home to support
Accessibility, proximity to family and healthcare, maintenance effort, lease length and monthly cash flow matter alongside sale proceeds. A smaller home is not automatically the right answer for every household.
If you want to move
- A short-lease 2-room Flexi flat may offer a smaller, senior-friendly home for eligible buyers aged 55 and above.
- A Community Care Apartment combines an independent home with a mandatory basic service package for eligible seniors.
- A resale flat offers a wider choice of size and location, subject to budget, remaining lease and eligibility.
CPF's guide for buyers above 55 explains current housing and financing considerations.
If you want to stay
Possible options include renting out spare rooms or, for eligible HDB owners, the Lease Buyback Scheme. If right-sizing, eligible households may qualify for the Silver Housing Bonus. Confirm current HDB and CPF terms before acting.
Model the full retirement effect
Estimate sale proceeds, CPF refunds, the next home's price, renovation, healthcare access, recurring expenses and the effect on retirement income. CPF's Home Purchase Planner can support a scenario check. Obtain individual financial and legal advice where needed.