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I live in a private property. Are there ways for me to monetise my property without selling my home?
You can consider speaking with your financial institution or advisor on the available products in the market that allow you to monetise your private property to supplement your retirement income while ageing in place.
As with all important financial decision, it is important to understand the nature of the product and assess your own risk tolerance and retirement needs/preferences before deciding if the monetisation option is suitable for you.
Alternatively, you can consider renting out a spare bedroom, or your entire property if you have an alternative accommodation. This can provide you with an additional source of retirement income.
This information is sourced from CPF.
Related questions
If I did not use my CPF savings for my property, do I have to top up my Retirement Account upon sale of my property?
Why should I consider monetising my property?
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How can I monetise my property and which option is suitable for me?
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Why do I need to own a property before I can withdraw part of my Retirement Account savings?
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