Although property prices are not cheap in Singapore, the government offers quite an array of help through housing grants to ensure that citizens are able to afford a roof over their head. Of course, this only applies to those who are looking to buy public housing, since those who can afford private properties are assumed to not need the grant.

There are a number of housing grants that are offered here, so we’ll help you break down which ones are available and list down their eligibility criteria:

There are 3 major types of CPF Housing grant depending on the type of homes you are purchasing. They are namely 1) HDB Flats, 2) DBSS Flats and 3) Executive Condominiums. For this article, we’ll only focus on grants for HDB. It will also be separated by whether you are buying a New or Resale HDB.

CPF Housing Grants for New HDB Purchase

Under the CPF Housing Grants for HDB Flats, there are 6 schemes; buyers can receive up to S$80,000 worth of housing grants.

First-Timer Application

Grant amount up to $40,000 depending on average monthly income over 12 months, up to a cap of $8,500.

Second-Timer Applicants

Only applicable if you are applying for a new 3-room flat in a non-mature estate, and your current flat needs to be a 2-room subsidised flat in a non-mature estate that is bought from HDB after October 1995, or from the resale market with a CPF Housing Grant. Grant amount is $15,000.

First-Timer and Second-Timer Couple Applicants

Grant amount up to $20,000 depending on half of average monthly income over 12 months up to a cap of $4,250. Both applicants must not own any of the following properties whether locally or overseas, or have disposed of any such properties in the 30 months before your new flat application:

  • Private residential property (including HUDC flats and Ecs)
  • House
  • Building
  • Land

Non-Citizen Spouse Scheme

Only applicable if the flat applied for is  2-room Flexi flat in a non-mature estate. Grant amount up to $20,000 depending on half of average monthly income over 12 months up to a cap of $4,250. Both applicants must not own any of the following properties whether locally or overseas, or have disposed of any such properties in the 30 months before your new flat application:

  • Private residential property (including HUDC flats and ECs)
  • House
  • Building
  • Land

Single Singapore Citizen Scheme

You’d need to be a first-timer single Singapore Citizen who is 35 years old or above to be eligible for this housing grant. Only applicable if the flat applied for is a 2-room Flexi flat in a non-mature estate. Grant amount up to $20,000 depending on half of average monthly income over 12 months up to a cap of $4,250. Both applicants must not own any of the following properties whether locally or overseas, or have disposed of any such properties in the 30 months before your new flat application:

  • Private residential property (including HUDC flats and ECs)
  • House
  • Building
  • Land

Joint Singles Scheme or Orphans Scheme

For Joint Singles scheme, the eligibility criteria is the same as the Single’s scheme, but with a higher grant amount of up to $40,000 depending on household income.

For the Orphans scheme, Singaporeans who are single and 35 years old and above can apply for either the Additional CPF Housing Grant or Special CPF Housing Grant depending on the the type of flat and whether it is in a non-mature estate.

CPF Housing Grants for Resale HDB Purchase

First-Timer Applicants

Eligible first-timer applicants can apply for the Family Grant or Additional CPF Housing Grant (AHG).  Those who are buying a resale flat to live near or together with their parents can also apply for the Proximity Housing Grant.

The grant amount will depend on whether your household consists of SC/SC or SC?SPR, as well as the size of the flat you are buying. With the new Singapore budget announcement this year, there has been an increase in housing grants for those looking to buy a resale flat, with the total amount of grants adding up to $110,000.

First-Timer and Second-Timer Couple Applicants

You can apply for a Half-Housing Grant/ Top-Up Grant, as well as the Additional CPF Housing Grant (AHG) if you are a first-timer Singapore Citizen applicant married/ engaged to a spouse/ spouse-to-be that is a second-timer applicant.

The half-housing grant provides up to $25,000 for 2 to 4-room flat, and $20,000 for 5-room and bigger flats. Your average gross monthly household income must not exceed $12,000 or $18,000 if applying with extended family

Proximity Housing Grant

The Proximity Housing Grant (PHG) of $20,000 has been introduced to further help families who want to buy a resale flat, to live in with or near their parents/ married child. Eligible singles will also enjoy a PHG of $10,000 if they buy a resale flat with their parents. This grant can be added on top of other housing grants, such as the CPF Housing Grant for Family, for Singles or the AHG.

Non-Citizen Spouse Scheme

If your spouse is not a citizen or SPR, you can apply for this scheme if married applicants are above 21 years old and your average household income is less than $12,000. You will need to be first-time applicants as well.

Single Singapore Citizen Scheme

You’d need to be a first-timer single Singapore Citizen who is 35 years old or above to be eligible for this housing grant. Grant amount is $25,000 for 2 to 4-room flat, and $20,000 for 5-room flat. Your average gross monthly household income must not exceed $6,000 if buying a resale flat under the Single Singapore Citizen Scheme.

Joint Singles Scheme

Single applicants aged 35 or above who buy an HDB resale flat under either the Joint Singles Scheme or Orphans Scheme.If buying a flat alone, you will get $25,000 for buying a 2 to 4-room HDB flat, or $20,000 for a 5-room or bigger flat. If buying with another single, the amount will multiply by 2. Your average gross monthly household income must not exceed $12,000.

As you can see, the grants for resale are usually higher and less limiting on the type of flats, but it is also because resale flats are more expensive compared to BTO, which are already subsidised. So before purchasing your HDB flat, take the amount of grants you can get into consideration as they are pretty substantial!

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About the author :Lynette Tanhas more than six years of experience in financial analysis & writing, having stepped foot in the financial world as a commodities analyst. She has also been interviewed by various international media, including appearances on CNBC, BBC & Channel News Asia.