Up to S$230,000 in HDB grants may be available to eligible first-time couples, but how much difference does this really make when choosing between a BTO and resale flat?

For newly married couples, CPF savings and HDB grants can significantly reduce the upfront cash required, lower the housing loan needed, and make their first home more affordable.

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This guide explains:

• How CPF OA savings can be used for the down payment and monthly mortgage instalments
• The key HDB grants available, including the Enhanced CPF Housing Grant, CPF Housing Grant for resale flats, and Proximity Housing Grant
• How eligible resale buyers may receive up to S$230,000 in combined grants
• Why couples should consider their long-term CPF balances, renovation costs and future family expenses before committing

One important takeaway is that affordability should be assessed after factoring in available grants, not simply by comparing listed flat prices. Although BTO flats generally have lower prices, eligible resale buyers may be able to combine several grants, making a resale flat more affordable than it initially appears.

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Read more: https://plannerbee.co/learn-personal-finance/cp...