{"id":1526,"date":"2015-08-25T03:25:46","date_gmt":"2015-08-24T19:25:46","guid":{"rendered":"https:\/\/www.99.co\/blog\/singapore\/?p=1526"},"modified":"2022-07-01T03:32:55","modified_gmt":"2022-06-30T19:32:55","slug":"cpf-housing-grant-what-you-need-to-know-to-get-the-most-out-of-it","status":"publish","type":"post","link":"https:\/\/www.99.co\/singapore\/insider\/cpf-housing-grant-what-you-need-to-know-to-get-the-most-out-of-it\/","title":{"rendered":"CPF Housing Grant: What You Need To Know To Get The Most Out Of It"},"content":{"rendered":"
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\"Moneysmart<\/a><\/p>\n

Ah, Singapore. Probably the only country in the world where you can get up to $50,000 from the SG50 Celebration Fund just to celebrate our 50th anniversary of independence. Do you know what\u2019s really crazy? Getting that money requires jumping through less hoops than getting a subsidy for your home. In a country that boasts over 90% home ownership, that\u2019s pretty mindblowing.<\/span><\/p>\n

It wasn\u2019t easy to make applying for the CPF Housing Grant<\/a> as simple as possible, but if you follow this guide, you\u2019ll hopefully be able to figure out how much you can get to subsidise your next home.<\/p>\n

Eligibility for all CPF Housing Grants<\/strong><\/h3>\n

Generally, you have to be a first-time applicant and buying a flat with a remaining lease of more than 30 years to qualify for any grant. You also have to be currently employed and have been in continuous employment for 12 months before the flat application (since your household income is determined by the average monthly income over this period).<\/p>\n

You must also not have owned or sold a flat bought from HDB, or a DBSS or Executive Condominium from the developers. Neither must you have received the CPF Housing Grant for the purchase of a HDB resale flat, or taken any other form of housing subsidy.<\/p>\n

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1. Buying a new BTO flat from HDB<\/strong><\/h3>\n

For BTO flats, you do not get any CPF Housing Grants even if your household\u2019s monthly salary is below the income ceiling. This is because HDB has already included the subsidy in the BTO price.<\/p>\n

If your household income is $6,500 or less, you can get up to $60,000 from the Additional CPF Housing Grant and Special CPF Housing Grant to help with your BTO flat purchase. The amount you get depends on your household income. (Note: the Special CPF Housing Grant\u00a0is only available for 2-room, 3-room and 4-room flat applications in non-mature estates)<\/p>\n

\"CPF<\/a><\/p>\n

If you are apply as a single person, and your income is $3,250 or less, you can get up to $30,000 from the Additional CPF Housing Grant and Special CPF Housing Grant to help with your BTO flat purchase. The amount you get depends on your income. If you apply under the Joint Singles Scheme, you may be eligible for double that amount, depending on your combined incomes.<\/p>\n

For the Single Singapore Citizen and Non-Citizen Spouse schemes and First-Timer\/Second-Timer couples:<\/p>\n

\"CPF<\/a><\/p>\n

For the Joint Single Scheme or Orphan Scheme:<\/p>\n

\"CPF<\/a><\/p>\n

How to get the most CPF Housing Grant:<\/strong> Have a monthly household income of $1,500 or less and all applicants must be Singapore Citizens.<\/p>\n

Maximum possible CPF Housing Grant:<\/strong> $60,000 (Additional CPF Housing Grant and Special CPF Housing Grant.<\/p>\n

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2. Buying a DBSS flat from developers<\/strong><\/h3>\n

The DBSS has been suspended since 2011. But just in case you want to join one of the hundreds of unhappy Trivelis flat-buyers, here are the grants you may be eligible for.<\/p>\n

For families:<\/strong><\/p>\n

The CPF Housing Grant for Family (DBSS) is given out based on a couple of factors.<\/p>\n