My partner and I are undergrads and are planning to apply for 5-room BTO next year. Are there more grants we are eligible for now than when we already start working full-time in the future?

Hello.

If you and your partner are first-timers applying for a BTO, you'll probably be looking at the Enhanced CPF Housing Grant (EHG). Unfortunately, based on the criteria, you and/or your partner must:

• Have worked continuously for 12 months prior to the application

• Still be working at the time you submitted the application

What this means is that you and your partner are not eligible for the grant as of now.

Instead, the two of you are eligible for the deferred income assessment. This means that the amount of grant you will get under EHG will only be assessed near the key collection date.

In addition to the deferred income assessment, the two of you will also be able to pay off the downpayment using the Staggered Downpayment Scheme, that allows you to pay in 2 instalments - 1/2 when you sign the agreement of lease, and the other 1/2 when you collect your keys.

Hope this helps!

Taken from:

https://www.hdb.gov.sg/cs/infoweb/residential/b...

https://www.hdb.gov.sg/cs/infoweb/residential/b...

https://www.hdb.gov.sg/cs/infoweb/residential/b...