CPF Housing Grant is a housing subsidy provided by the government to eligible buyers of resale flats. The grant assists eligible first-timer family to buy an Executive Condominium from the developer too.
The CPF Housing Grant (in the form of CPF Monies and not cash) will be credited into your CPF Ordinary Account and treated as part of your CPF fund. It can be used to pay for the CPF portion of the downpayment at the time of signing of the Sales and Purchase Agreement after you have paid the cash payment (if applicable) or to reduce the mortgage loan. The CPF Housing Grant will be included in the computation of the CPF withdrawal limit.
Average gross monthly household income of all persons in application, i.e. applicants and occupiers
If you are a first-timer (FT) SC and your co-applicant is a second-timer (ST) who has previously taken 1 housing subsidy, i.e. FT/ ST couple
|Singapore Citizen (SC/ SC) Household||SC/ Singapore Permanent Resident (SC/ SPR) Household|
|$10,000 or lower||$30,000||$20,000||$15,000|
|$10,001 to $11,000||$20,000||$10,000||$10,000|
|$11,001 to $12,000||$10,000||Nil||$5,000|
|$12,001 to $14,000||Nil||Nil||Nil|
For more information in details, please refer to HDB Website