Discover the benefits of CPF Housing Grants for buying resale flats in Singapore.
These grants are the government’s financial assistance to help first-time homeowners fulfill their dreams of owning a home.
Whether you’re a first-timer or a second-timer, these grants can significantly impact your home purchase.
Find out if you’re eligible and how much you can receive based on your income and property type.
Get ready to maximize your grant benefits and make your home purchase more affordable.
|Grant Name||Eligibility Criteria||Maximum Grant Amount|
|CPF Housing Grant for Resale Flats||– Singaporean citizen||– First-time buyer: up to SGD 80,000|
|– First-timer buying a resale HDB flat||– Second-timer: up to SGD 75,000|
|– Second-timer buying a resale HDB flat to live with|
|parents or child|
|Proximity Housing Grant (PHG)||– Singaporean citizen||– First-timer family: up to SGD 30,000|
|– Applicant with family member within 4km of targeted flat||– Second-timer family: up to SGD 20,000|
|Enhanced CPF Housing Grant (EHG)||– First-timer applicant or eligible second-timer applicant||– Up to SGD 80,000 (income ≤ SGD 9,000)|
|– Monthly household income ≤ SGD 9,000||– Up to SGD 20,000 (income > SGD 9,000 to SGD 14,000)|
|BTO Grant||– First-time couple||– Up to SGD 30,000 for 2-room or 3-room BTO flats|
|– One Singapore Citizen and combined income ≤ SGD 9,000|
|Singles Grant||– First-time applicant aged 35 and above||– Up to SGD 25,000 for resale flats|
|– Unmarried, widowed, or divorced||– Up to SGD 20,000 for new flats|
|Executive Condominium (EC) Housing Grants||– Singaporean Citizen||– Varies based on grant type and income criteria|
|– Gross monthly household income ≤ SGD 16,000|
|Half-Housing Grant||– First-time buyer||– Up to SGD 25,000|
|– Gross monthly income ≤ SGD 12,000|
Understanding CPF Housing Grants for Resale Flats
What are CPF housing grants for resale flats?
CPF Housing Grant for resale flats is a financial assistance scheme the government offers to help first-time Singaporean homeowners fulfill their home ownership ambitions.
The grant is intended to support citizens who want to buy a resale flat.
Who is eligible for CPF housing grants for resale flats?
To qualify for CPF Housing Grant for resale flats, you must be a Singaporean citizen.
In addition, you must also meet one of the following eligibility conditions:
- You are a first-timer buying a resale HDB flat
- You are a second-timer purchasing a resale HDB flat to live with parents or a child
- You are a second-timer who had previously taken one housing subsidy
What is the grant amount for CPF housing grants for resale flats?
The CPF Housing Grant amounts vary depending on the buyer’s income, citizenship status, and property type.
If you are a first-time buyer purchasing a resale flat at the point of sale, you can receive a grant as high as SGD 80,000.
For second-timers, the grant amount can go up to SGD 75,000.
Exploring the Proximity Housing Grant (PHG) and Its Benefits
What is the Proximity Housing Grant (PHG)?
The Proximity Housing Grant (PHG) is a CPF housing grant for those who want to buy a resale flat near their parents or married children.
Who is eligible for the Proximity Housing Grant (PHG)?
To be eligible for the Proximity Housing Grant, you must fall under one of these categories:
- A Singaporean citizen
- Applicants with at least one remaining family member in a different flat within 4km of the targeted flat
- First-timer family buying or applying for either an HDB resale flat or a new 2-room Flexi flat, along with a parent or child
- Second-timer family buying or applying for either an HDB resale flat or a new 2-room Flexi flat, along with a parent or child where the latter is within 4km of the targeted flat
What is the benefit of the Proximity Housing Grant (PHG)?
The PHG can provide a grant of up to SGD 30,000 to first-timer families who want to live near their parents or married children.
For second-timer families, the grant amount can go up to SGD 20,000.
The Enhanced CPF Housing Grant (EHG): Eligibility and Application Process
What is the Enhanced CPF Housing Grant (EHG)?
The Enhanced CPF Housing Grant (EHG) is a new CPF housing grant that replaces some existing CPF housing grants.
Who is eligible for the Enhanced CPF Housing Grant (EHG)?
The Enhanced CPF Housing Grant (EHG) has three tiers of income ceilings, with specific requirements for each level.
You may be eligible for the EHG if you meet these requirements:
- You are a first-timer applicant or a second-timer applicant who is suitable for the EHG for the purchase of your first property
- Your monthly household income does not exceed SGD 9,000
- Your average monthly household income for the previous 12 months is SGD 4,500 or less if you are purchasing a resale flat
What is the application process for the Enhanced CPF Housing Grant (EHG)?
To apply for the Enhanced CPF Housing Grant, you must submit your HDB flat and mortgage applications.
An Overview of HDB Grants: Types and Eligibility Conditions
What are the different types of HDB grants available?
Several housing grants offered by the government, such as the CPF Housing Grant, Proximity Housing Grant, and Enhanced Housing Grant, can be claimed when you buy a flat.
Besides these, special CPF Housing grants are available for eligible first-time singles, families, and lower-income households.
What are the eligibility conditions for HDB grants?
The eligibility conditions for HDB grants depend on the specific grant type.
The main criteria for CPF Housing Grants include citizenship status, household income, flat application type, and previous housing grants received.
How to apply for HDB grants?
You can apply for HDB grants when you submit your flat application.
Depending on the grant type, you must attach all the required documents, including bank and income statements.
Navigating the BTO Grant: A Step-by-Step Guide
What is the BTO Grant?
The BTO Grant is a CPF Housing Grant for first-timer couples buying a 2-room or 3-room flat from the Build-To-Order (BTO) launch.
Who is eligible for the BTO Grant?
The BTO Grant is available only for first-timer couples who meet the following criteria:
- Both must be first-timer applicants
- One of them must be a Singapore Citizen
- Combined monthly income must not exceed SGD 9,000
- They must apply for 2-room or 3-room BTO flats in non-mature estates
How to navigate the application process for the BTO Grant?
To apply for the BTO Grant, first-time home buyers should submit their mortgage applications.
If the application is successful, the grant amount can be disbursed to the buyer’s CPF Ordinary Account.
How to Apply for CPF Housing Grants: A Detailed Application Process
What is the process for CPF housing grant application for resale flats?
The CPF Housing Grant application process for resale flats may vary slightly depending on the HDB branch that handles the application.
Generally, you must ensure that you meet all the eligibility conditions and that all required documents are submitted together with the flat application.
What is the process for the CPF housing grant application for BTO flats
You can also apply for CPF Housing Grants when submitting your BTO application during the launch period.
You must attach all the required supporting documents, including your income statement or payslip.
What is the process for CPF Housing Grant application for executive condominiums?
You must submit your EC and mortgage applications to apply for the CPF Housing Grant for Executive Condominiums (ECs).
Grants will be disbursed into the buyer’s CPF Ordinary Account.
Exploring the Singles Grant: Assistance for Single First-Time Buyers
What is the Singles Grant?
The Singles Grant is a unique CPF Housing Grant available for first-time singles who buy a 2-room or 3-room resale or 2-room new flat.
Who is eligible for the Singles Grant?
The Singles Grant is available to first-time applicants aged 35 and above who are unmarried, widowed, or divorced.
Monthly income should not be above SGD 7,000.
What is the benefit of the Singles Grant?
The Singles Grant provides up to SGD 25,000 grant for first-time singles who are buying a resale flat and up to SGD 20,000 who are purchasing a new flat.
Executive Condominiums and CPF Housing Grants: What You Need to Know
What are executive condominiums (ECs)?
Executive condominiums (ECs) were introduced to cater to Singaporeans who could afford more than an HDB flat but were not financially ready to purchase a private condominium.
ECs are built by private developers but must comply with specific HDB guidelines.
After ten years, ECs are eligible for privatization, and after fifteen years, the resale restrictions are lifted.
Can CPF housing grants be used to purchase ECs?
Yes, CPF housing grants are available for the purchase of ECs.
What are the eligibility criteria for CPF housing grants for ECs?
The eligibility criteria for CPF housing grants are more stringent for ECs than for HDB flats.
Eligible applicants must be Singaporean Citizens, and the gross monthly household income should be at most $16,000.
A Comprehensive Guide to HDB Grants: Your Grant Amounts Explained
What are the different types of HDB grants available?
There are various HDB grants available for HDB flat buyers in Singapore.
- The Enhanced CPF Housing Grant (EHG)
- The Family Grant
- The Half-Housing Grant
How much HDB grant am I eligible for?
The amount of HDB grant you are eligible for depends on your gross monthly household income and citizenship status.
For example, under the EHG, qualified first-timer applicants can receive up to $80,000 in grants to purchase a resale or new flat.
What are the application procedures for HDB grants?
Applications for HDB grants can be submitted when buying an HDB flat.
The grant will automatically be credited to your account if you purchase a new apartment.
If you believe a resale flat, you must pay the downpayment first, and the funding will be disbursed later.
Resale HDB Flats and CPF Housing Grants: Maximizing Your Grant Benefits
What is a resale flat?
A resale flat is an HDB flat owned by someone else and put up for sale.
How can I maximize the CPF housing grants for a resale flat purchase?
To maximize CPF housing grants for a flat resale purchase, eligible first-timer applicants can receive up to $160,000 in grants to purchase a resale 4-room flat or smaller that live within 4km of their current flat.
What are the eligibility criteria for CPF housing grants for a resale flat?
The eligibility criteria for CPF housing grants for resale flats are the same as those for HDB flats.
Eligible applicants must be Singaporean Citizens or Permanent Residents, and the gross monthly household income should be at most $14,000.
The Half-Housing Grant: Understanding its Purpose and Application
What is the half-housing grant?
The Half-Housing Grant is a CPF housing grant that aims to help HDB flat buyers who cannot afford a new flat but can afford a resale flat.
How does the half-housing grant benefit eligible buyers?
Eligible buyers can receive up to $25,000, which can be used to offset the downpayment for their first home.
What are the eligibility criteria for the half-housing grant?
To qualify for the Half-Housing Grant, applicants must be first-time buyers with a gross monthly income of $12,000 or less.
Maximizing CPF Housing Grants: Tips for First-Time Buyers
Who are considered first-time buyers?
First-time buyers refer to households that have not previously received any housing subsidies.
What are the different types of CPF housing grants available for first-time buyers?
CPF housing grants available for first-time buyers include the following:
- The Enhanced CPF Housing Grant (EHG)
- The Family Grant
- The Half-Housing Grant
What are some tips for maximizing CPF housing grants for first-time buyers?
First-time buyers can maximize CPF housing grants by purchasing a 4-room or more minor or a 5-room or bigger flat if it is their second subsidized home.
They can also consider purchasing an apartment near their parents, increasing their eligibility for the Family Grant.
Exploring the Family Grant: Assisting Families in Their Flat Purchase
What is the family grant?
The Family Grant is a CPF housing grant designed to assist married and committed couples who wish to live with or near their parents/children.
How does the family grant benefit eligible families?
Eligible families can receive up to $50,000 for purchasing a 4-room or smaller flat near their parents’ home.
What are the eligibility criteria for the family grant?
The eligibility criteria for the Family Grant require that the family live within 4 km of their parents or children who are Singaporean citizens or Permanent Residents, and the total gross monthly income should not exceed $14,000.
Understanding the Role of CPF Housing Grants for Singles
What are the CPF housing grants available for singles?
CPF housing grants available for single buyers include:
- Singles Grant
- The Enhanced CPF Housing Grant (EHG)
How does the CPF housing grants benefit eligible singles?
CPF housing grants benefit eligible singles by helping them purchase their first home.
Singles receive the same amount of gifts as a household under the EHG.
What are the eligibility criteria for CPF housing grants for singles?
Eligible first-timer singles must have a gross monthly income of, at most, $7,000.
Proximity Housing Grant (PHG) vs. Enhanced CPF Housing Grant (EHG): A Comparison of Benefits
What is the Proximity Housing Grant?
The Proximity Housing Grant (PHG) is a unique housing grant designed to help families near their elderly parents or married children.
It is meant to help multi-generational families stay close by and care for each other.
When purchasing a resale flat, the PHG provides eligible buyers up to $20,000 in housing grants.
What is the Enhanced CPF Housing Grant?
On the other hand, the Enhanced CPF Housing Grant (EHG) was recently announced as a replacement for the Additional CPF Housing Grant (AHG) and Special CPF Housing Grant (SHG).
It is meant to help first-time or second-time homebuyers make their home purchases easier by providing grants of up to $80,000 for those with an average gross monthly household income of up to $9,000.
In addition, those with a higher household income ceiling of $14,000 may also qualify for a lower grant amount.
Which Grant is More Suitable for You?
Choosing between the PHG and EHG depends on your family’s needs.
If you are purchasing a resale flat to live near your elderly parents or married children, the PHG may be more suitable for you.
On the other hand, if you are a first-time or second-time homebuyer with a smaller budget, then the EHG is worth considering.
In conclusion, understanding and leveraging CPF Housing Grants can greatly benefit Singapore homebuyers, whether first-timers or second-timers.
These grants provide financial assistance and make home purchases more affordable.
By exploring the different types of grants available, such as the CPF Housing Grant, Proximity Housing Grant, Enhanced CPF Housing Grant, BTO Grant, Singles Grant, and Half-Housing Grant, you can determine which grants you are eligible for and maximize your grant benefits.
Frequently Asked Questions
What is CPF Housing Grant?
CPF Housing Grant is a housing subsidy provided by the Housing & Development Board (HDB) to help eligible first-time flat buyers purchase a flat.
This grant can be used to offset the flat’s purchase price and disburse it into the buyer’s CPF Ordinary Account.
How much CPF Housing Grant can you get?
The amount of CPF Housing Grant that you can get depends on your income, flat type, and citizenship status.
Several grants are available, including the Family Grant, the Enhanced Housing Grant, and the Step-Up CPF Housing Grant.
The maximum contribution that first-time flat buyers can get is $80,000.
Can CPF Housing Grant be used for private property?
CPF Housing Grant can only purchase HDB flats or Executive Condominiums (ECs).
What is Executive Condominium and can you use CPF Housing Grant to purchase one?
Executive Condominiums are public-private hybrid housing options designed to cater to the needs of the sandwiched class – those who are not eligible for public housing yet cannot afford private property.
Yes, CPF Housing Grant can be used to purchase an Executive Condominium, subject to eligibility criteria.
What is Step-Up CPF Housing Grant?
Step-Up CPF Housing Grant is a special grant designed to help second-time flat buyers who have previously bought a 2- to 4-room resale flat to upgrade to a larger one.
This grant is meant to supplement the existing CPF Housing Grant and can provide up to $30,000 for eligible buyers.
What are the additional grants available for flat buyers?
There are several additional grants available for flat buyers, including the Proximity Housing Grant, the Higher-Tier CPF Housing Grant, and the Family Grant (With Half Housing Loan).
These grants can provide additional subsidies on top of the CPF Housing Grant.
How do I apply for CPF Housing Grant?
You can apply for CPF Housing Grant when you submit your application to purchase an HDB flat.
The grant application form will be included in your application package, and you must submit it along with your application.
Who can apply for CPF Housing Grant?
Only first-time flat buyers are eligible for CPF Housing Grant.
In addition, there are eligibility criteria that you need to fulfill, such as income ceiling, flat type, and citizenship status.
Can I use bank loan for the remaining amount after CPF Housing Grant?
You can use a bank loan to finance the remaining amount after CPF Housing Grant.
However, there are certain restrictions on the amount of loan you can take and the minimum cash downpayment you need to make.