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CPF Housing Grant Eligibility: Guide for Singaporean Homebuyers (2023)

CPF Housing Grant Eligibility: Guide for Singaporean Homebuyers (2023)
CPF Housing Grant Eligibility: Guide for Singaporean Homebuyers (2023)

CPF Housing Grant eligibility is a factor most prospective homeowners will consider when buying an HDB flat. For first-timers eyeing a flat in Singapore, getting an HDB Grant will probably be the most important aspect of financing their properties, as grants help make homes more ‘affordable’.

As the title ‘CPF Housing Grants’ suggests, HDB grants are credited into your CPF Ordinary Account (OA) via CPF top-up and must be returned to your CPF account once you sell the flat. While some people may believe in not using your CPF to pay for your house, HDB grants can make it easier to own a home in a country where houses are expensive.

But with so many CPF Housing Grant eligibility criteria, trying to apply for one can get pretty confusing. With a focus on HDB Grants for couples and families – comprising at least one Singapore Citizen (SC), the other spouse a Singapore Permanent Resident (SPR) – we’ll explain in this article everything you need to know about CPF Grants, including BTO Grant eligibility and grants for resale flats, and how you can qualify for them.

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Table of contents:

  1. Enhanced CPF Housing Grant (Families) (EHG)

  2. CPF Housing Grants for Resale Flats (Families)

  3. Proximity Housing Grant (PHG)

  4. Step-Up CPF Housing Grant (Families) (SUHG)

  5. Family Grant Vs Half-Housing Grant (CPF Housing Grant)

CPF Housing Grant Eligibility for Couples and Families

HDB Housing Grant

It can be used to buy this type of HDB flat

Enhanced CPF Housing Grant (Families) (EHG)

BTO and resale flats

CPF Housing Grant for Resale Flats (Families)

Resale flats

Proximity Housing Grant (PHG)

Resale flats

Step-Up CPF Housing Grant (Families) (SUHG)

If you currently own a 2-room flat that was bought from HDB after October 1955, or a resale HDB flat with a CPF Housing Grant, you’re eligible to buy a 3-room BTO or resale flat

If you currently live in a public rental flat, you’re eligible to buy a BTO flat (2-room Flexi or 3-room) and a resale flat (2-room)

CPF Housing Grant (Family Grant)

Executive Condominium (EC) unit

CPF Housing Grant (Half-Housing Grant)

EC unit

1. Enhanced CPF Housing Grant (Families) (EHG)

Income ceiling

CPF grant calculation amount

Not more than $1,500

$80,000

$1,500 to $2,000

$75,000

$2,000 to $2,500

$70,000

$2,501 to $3,000

$65,000

$3,001 to $3,500

$60,000

$3,501 to $4,000

$55,000

$4,001 to $4,500

$50,000

$4,501 to $5,000

$45,000

$5,001 to $5,500

$40,000

$5,501 to $6,000

$35,000

$6,001 to $6,500

$30,000

$6,501 to $7,000

$25,000

$7,001 to $7,500

$20,000

$7,501 to $8,000

$15,000

$8,001 to $8,500

$10,000

$8,501 to $9,000

$5,000

CPF Housing Grant Eligibility for EHG

Criteria

Details

Applicant profile

First-timer applicant couples and families who haven’t previously received a CPF Grant

Employment

One applicant must’ve worked continuously for at least 12 months before applying for the HFE letter

Remaining lease of the HDB flat

More than 20 years, and long enough to cover the younger spouse up to 95 years old

Existing/recent ownership/interest in Singapore property other than an HDB flat

Mustn’t have owned or had an interest in local or overseas private property, and

Mustn’t have disposed of private property at least 30 months before applying

Who Is Considered a First-timer for HDB Flats?

  • Not the current owner of, hasn’t sold, and hasn’t been a recipient of any CPF Grant for the purchase of a flat bought directly from HDB, a Design, Build & Sell Scheme (DBSS) flat, or an EC bought from the developer

  • Hasn’t sold an HDB flat with re-housing benefits under the Selective En bloc Redevelopment Scheme (SERS), or received other housing subsidies including enjoying SERS benefits or the privatisation of Housing and Urban Company (HUDC) estate

Interest in property happens when you:

  • Buy a property

  • Obtain it as a gift

  • Inherit it

  • Own, acquire, or dispose of it through an intermediary

Read more about the CPF Housing Grant eligibility conditions for fiancé and fiancées, married couples and/or parent(s) with children (relevant for the Step-Up CPF Housing Grant (SUHG)), multi-generation families, and non-residents (relevant for the Proximity Housing Grant (PHG)).

2. CPF Housing Grant for Resale Flats (Families)

Household

HDB grant calculation amount when buying a 2- to 4-room HDB resale flat

HDB grant calculation amount when buying a 5-room or bigger HDB resale flat

First-timer SC-SC couples

$80,000

$50,000

First-timer SC-SPR couples

$70,000

$40,000

First- and second-timer SC-SC couples

$40,000

$25,000

Read more about the CPF Housing Grant for Resale Flats (Families) announcements by Mr Lawrence Wong, Deputy Prime Minister and Minister of Finance, during the Budget 2023 statement on 14 February 2023.

CPF Housing Grant Eligibility for Resale Flats (Families)

Criteria

Details

Applicant profile

First-timer couples and families, or

First-timer SCs whose spouses previously received CPF Grant

Income ceiling

$14,000, or

$21,000 if purchasing with an extended or multi-generation family

Remaining lease of the HDB flat

More than 20 years

Existing/recent ownership/interest in Singapore property other than an HDB flat

Mustn’t have owned or had an interest in local or overseas private property, and

Mustn’t have disposed of private property at least 30 months before applying for the HFE letter

Mustn’t be buying an HDB flat announced for SERS

3. Proximity Housing Grant (PHG)

Household

HDB grant calculation amount

Living with your parents/child

$30,000

Living within 4km of your parents/child

$20,000

PHG Eligibility

Criteria

Details

Applicant profile

Couples and families who haven’t previously received the PHG

Remaining lease of the HDB flat

More than 20 years

Existing/recent ownership/interest in Singapore property other than an HDB flat

Mustn’t have owned or had an interest in local or overseas private property, and

Mustn’t have disposed of private property at least 30 months before applying for the HFE letter

Read our full review of the PHG.

4. Step-Up CPF Housing Grant (Families) (SUHG)

Criteria

Details

Applicant profile

Couples and families who’ve taken one housing subsidy

Income ceiling

$7,000

Remaining lease of the HDB flat

More than 20 years

Existing/recent ownership/interest in Singapore property other than an HDB flat

Mustn’t have owned or had an interest in local or overseas private property, and

Mustn’t have disposed of private property at least 30 months before applying for the HFE letter

5. Family Grant Vs Half-Housing Grant (CPF Housing Grant)

Income ceiling

Family Grant amount (for SC-SC households)

Family Grant amount (for SC-SPR households)

Half-Housing Grant amount (if you are a first-timer SC and your co-applicant is a second-timer who has previously taken one housing subsidy)

$10,000 or lower

$30,000

$20,000

$15,000

$10,001 to $11,000

$20,000

$10,000

$10,000

$11,001 to $12,000

$10,000

None

$5,000

SC-SPR households who apply for the CPF Housing Grant can receive an additional $10,000 when the SPR converts to an SC by applying for the Citizen Top-Up housing subsidy within six months of eligibility.

Looking for Resale HDB Flats/EC Units for Sale?

Find your dream resale HDB flat or EC unit for sale on PropertyGuru now. If you have questions about financing your property purchase, reach out to our friendly and knowledgeable Mortgage Experts. They can provide you with tailored financial advice, all at no cost!

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