Under the CPF housing grant scheme, the government will provide 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 two years and their average monthly household income over the last 2 years does not exceed $4,000
(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. (NEW - effective from 1 Apr 2008)
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 buyers do with the CPF housing grant?
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