Yahoo Finance CPF Housing Grant Guide – How Much Can You Get For Your Resale HDB?
Editor’s Note: This post was originally published in September 2022 and has been updated for accuracy and comprehensiveness.
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:
#1: CPF Housing Grant (Families) or Family Grant
Eligibility Conditions
Eligible For | – 1st timer couple or family |
Income Ceiling | – $14,000 (for couples) |
Citizenship | – 1 Singapore Citizen |
Age | At least 21 y.o. |
HDB Remaining Lease | More than 20 years |
Private Property Ownership | – Must not own private property in Singapore or overseas |
Grant Amount for 1st timer households (Updated June 2023)
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.
Household Structure | Buying 2- to 4-room Resale Flat | Buying 5-room or larger resale flats |
SC-SC | $80,000 | $50,000 |
SC-PR | $70,000 | $40,000 |
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.
#2: Half-Housing Grant
Like the name suggests, the grant you’ll get for this housing grant is half of the Family Grant.
Eligibility Conditions
Eligible For | 1st timer SC applicant with 2nd timer fiance/spouse |
Income Ceiling | – $14,000 (for couples) |
Citizenship | 1 Singapore Citizen The other buyer can be an SC or Permanent Resident (PR) |
Age | At least 21 y.o. |
HDB Remaining Lease | More than 20 years |
Private Property Ownership | – Must not own private property in Singapore or overseas |
Flat Type | 2-room flat or bigger |
Grant Amount for 2nd timer couples
Household Structure | Buying 2- to 4-room Resale Flat | Buying 5-room or larger resale flats |
SC-SC | $40,000 | $25,000 |
#3: Enhanced CPF Housing Grant
Eligibility Conditions
Eligible For | – 1st timer couple or family |
Employment | Employed during, and at least 12 months (1 year) prior to, the HDB application |
Income Ceiling | – 1st timer household: $9,000 |
HDB Remaining Lease | – More than 20 years |
Private Property Ownership | – Must not own private property in Singapore or overseas |
EHG amount | $5,000 – $80,000 |
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.
#4: Enhanced CPF Housing Grant (Singles) or Singles Grant (Updated June 2023)
Eligibility Conditions
Eligible For | – >35 y.o. 1st timer buying as a single |
Income Ceiling | – $7,000 (as a single) |
Citizenship | Singapore Citizen |
HDB Remaining Lease | More than 20 years |
Private Property Ownership | – Must not own private property in Singapore or overseas |
Grant Amount
Household Structure | Buying 2- to 4-room Resale Flat | Buying 5-room or larger resale flats |
Single SC or SC-non resident | $40,000 | $25,000 |
Single-Single | $50,000 | $40,000 |
The grants are credited directly into your CPF Ordinary Account as a form of CPF top-up.
#5: Proximity Housing Grant (Family)
If you’re looking to live with or near your parents/child, these are the grant amounts you may receive:
$30,000 to live with your parents/child
$20,000 to live near your parents/child (within 4km)
Eligibility Conditions
Eligible For | Couples or families who have not taken the Proximity Housing Grant (PHG) before |
Income Ceiling | – Singapore Citizen |
Citizenship | – 1 Singapore Citizen |
Age | At least 21 y.o. |
HDB Remaining Lease | More than 20 years |
Conditions for buyers living with their parents or within 4km of their parents’ property
This also applies to older couples looking to stay with their married children.
Criteria | Parents/Married Child | Single Child |
Age | N.A. | >35 y.o. |
Citizenship | SC or PR | SC or PR |
Proximity Conditions
Your parents or married child must be living with you in the resale HDB flat you intend to buy, and they must be included as co-applicants or essential occupiers. The latter refers to those who don’t have ownership of the flat but must remain in the flat application and during the minimum occupation period (MOP).
Your parents or married child must be living within 4km of the resale HDB flat (also within the MOP) you intend to buy. If they don’t own the property they’re living in, it must be owner-occupied by immediate family members, i.e. child or adopted child, parent(s) or parent(s)-in-law, or siblings
#6: Proximity Housing Grant (Singles)
If you’re looking to live with or near your parents/child, these are the grant amounts you may receive:
$15,000 to live with your parents/child
$10,000 to live near your parents/child (within 4km)
Eligibility Conditions
Eligible For | – >35 y.o. 1st timer buying as a single |
Income Ceiling | – $7,000 (as a single) |
Citizenship | Singapore Citizen |
HDB Remaining Lease | More than 20 years |
Flat Type | – Any, for singles living with parents or applicants buying with their non-resident spouse |
Also, take note: Parents buying their child’s flat will not be eligible for the PHG.
Conditions for buyers living with their parents or within 4km of their parents’ property
This also applies to older couples looking to stay with their married children.
Criteria | Parents/Married Child | Single Child |
Age | N.A. | >35 y.o. |
Citizenship | SC or PR | SC or PR |
Proximity Conditions
Your parents or married child must be living with you in the resale HDB flat you intend to buy, and they must be included as co-applicants or essential occupiers. The latter refers to those who don’t have ownership of the flat but must remain in the flat application and during the minimum occupation period (MOP).
Your parents or married child must be living within 4km of the resale HDB flat (also within the MOP) you intend to buy. If they don’t own the property they’re living in, it must be owner-occupied by immediate family members, i.e. child or adopted child, parent(s) or parent(s)-in-law, or siblings.
If you’re eligible for all the grants, this is the maximum grant amount you can get for your resale HDB flat
Buying as a family | CPF Housing Grant + EHG + PHG: |
Buying as a single | CPF Housing Grant + EHG + PHG: 40,000 + $40,000 + $15,000 = $95,000 |
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.
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Original article: CPF Housing Grant Guide – How Much Can You Get For Your Resale HDB?.
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