HDB CPF Housing Grant Scheme
Below is a summary of the CPF housing grant scheme whichprovides eligible buyers of resale flats with a housing subsidy of:
(A) $30,000 Family Grant for married couples who are first-timer applicants
(B) $40,000 higher-tier Family Grant for married couples who are first-timer applicants and are buying a resale flat near their parents’/married child’s HDB flat or owner-occupied private residential property
(C) Additional CPF Housing Grant (AHG) of between $5,000 and $30,000 [on top of (A) or (B)], if they have worked for at least one year and their average monthly household income over the last 1 year does not exceed $5,000 (NEW – effective from 6 Feb 2009)
(D) $11,000 Singles Grant for single Singapore Citizens aged 35 and above (qualifying age based on birthdate) who wish to buy a resale flat to live on their own under the Single Singapore Citizen (SSC) Scheme
Two to four Single citizens aged 35 and above who jointly buy a resale flat under the Joint Singles Scheme (JSS) can apply for a maximum of 2 Singles grant; ie. $22,000.
Singles grant is also applicable for Singapore Citizens above 21 who married a non-citizen spouse who holds a social visit pass (including work permit) of at least 6 months validity. Flat purchase under Non-Citizen Spouse Scheme.
(E) $20,000 higher-tier Singles Grant for single Singapore Citizens aged 35 years and above who buy a resale flat to live together with their parents.
Higher-tier Singles grant is also applicable for JSS flat buyers.
(F) Top-up Grant to the Family Grant amount of $30,000 or $40,000 for Singles Grant recipients who subsequently get married. Also applicable for Singles Grant recipients under the Non-Citizen Spouse Scheme whose non-citizen spouse or child subsequently obtained Singapore citizenship or permanent residence
(G) Half-Housing Grant of $15,000 or $20,000 for a first-timer citizen who married a spouse who previously has enjoyed a housing subsidy
What can the CPF housing grant be used for?
- You can use the CPF housing grant (in the form of CPF money and not cash) for the initial payment or to reduce the mortgage loan for the flat purchase.
- CPF housing grant cannot be used to pay the cash-over-valuation (COV) for resale flats transacted above the flats’ market value.
What are the main conditions after getting the CPF housing grant?
- As the CPF housing grant is a housing subsidy given to eligible first-timers to buy flats for owner-occupation, there are conditions attached, the main ones are as follows:
You need to meet a minimum occupation period of 5 years before you can- sell the flat in open market
- invest in private residential property (completed/under construction) both local and overseas properties
- sublet the whole flat
- You need to pay a resale levy when you next buy a flat direct from HDB, but not if you sell the flat and subsequently buy a resale flat or private property
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