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Here’s a list of all the CPF housing grants available for resale HDB flats
Many resale HDB flat buyers depend on the CPF housing grant they’re eligible for to finance their home purchase, especially as property prices continue to rise year after year. Each grant has different eligibility requirements, though, and with so many available for resale flats, it may be difficult to find which one you will actually be eligible for — and more importantly, how much you can get.
To help you out, here’s a list of all the CPF housing grants available for resale HDB flats:
New changes to the CPF housing grant were recently announced by Deputy Prime Minister Lawrence Wong at Budget 2023 on 14 February 2023. First-timer families buying a 4-room flat or smaller may qualify for a CPF housing grant of up to $80,000. Those buying a 5-room or bigger flat may also qualify for up to $50,000 in grants. This grant increase will be applicable for resale applications submitted on or after 3.30 pm on Feb 14, to credited into CPF accounts from April 2023 onwards.
Take note that if you’re a SC-PR couple, you’ll get $10,000 less for the grant amount. But you will be able to get it once the PR becomes a citizen, or if you have a child.
Like the name suggests, the grant you’ll get for this housing grant is half of the Family Grant.
Grant Amount for 2nd timer couples
The EHG amount you will receive will be based on the average gross monthly income that you and your fiance/spouse have gotten for all of the months within the 12-month period before the application. Both incomes will be assessed.
The grants are credited directly into your CPF Ordinary Account as a form of CPF top-up.
If you’re looking to live with or near your parents/child, these are the grant amounts you may receive:
This also applies to older couples looking to stay with their married children.
If you’re looking to live with or near your parents/child, these are the grant amounts you may receive:
Also, take note: Parents buying their child’s flat will not be eligible for the PHG.
This also applies to older couples looking to stay with their married children.
But knowing the CPF housing grant you’re eligible for may not be enough for you to successfully purchase the flat you’re interested in.
To make sure you get to live in your dream home, contact us here or type in your questions into the live chat box located at the bottom, right-hand corner of the screen. You can also drop us a message on any of the contact options below and we’ll be in touch with you in a minute.
Our Super Agents are CEA-certified and among the Top 1% in Singapore. With more than 8,000 happy customers served, we’ve garnered 4-star ratings on both Facebook and Google! So let us help you with your greatest asset: your home.
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