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CPF Housing Grants for ECs

CPF Housing Grants for ECs

These are the CPF Housing Grants available for Executive Condominium (EC) purchases from developers:

  • Family Grant
  • Half-Housing Grant

You and any co-applicants must be eligible for the grant at the point of booking the EC.

Average gross monthly household income of all persons in application, i.e. applicants and occupiers

Family Grant

Half-Housing Grant

If you are a first-timer (FT) SC and your co-applicant is a second-timer (ST) who has previously taken 1 housing subsidy, i.e. FT/ ST couple

Singapore Citizen (SC/  SC) Household

SC/ Singapore Permanent Resident (SC/ SPR) Household

$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

Nil

$5,000

$12,001 to $14,000

Nil

Nil

Nil

Check if you are a first-timer applicant

You will be considered a first-timer applicant if you have not received any housing subsidy from HDB, which means that you must not:

  • Be the owner of a flat bought from HDB
  • Have sold a flat bought from HDB
  • Have taken the CPF Housing Grant to buy an EC, Design, Build and Sell Scheme (DBSS) flat or an HDB resale flat, or taken over ownership of such a flat or EC
  • Have transferred the ownership of a flat bought directly from HDB, or an HDB resale flat bought with a CPF Housing Grant
  • Have ever taken other forms of housing subsidy, such as Selective En bloc Redevelopment Scheme benefits or privatisation of HUDC estate

Citizen Top-Up (for SC/ SPR households)

You can apply for the Citizen Top-Up of $10,000 when a qualifying member of your SC/ SPR household obtains Singapore citizenship. You need to submit your application to HDB within 6 months of being eligible for it.

How to apply

You can apply for the CPF Housing Grant when booking your EC with the developer.

Disbursement

CPF Housing Grants are fully credited into the CPF Ordinary Accounts of eligible Singapore Citizen (SC) applicants. No cash is disbursed.

Type of Applicants

Distribution of Grant

Sole SC applicant

Full grant                         

Joint SC applicants (husband and wife)

Half of the full grant each

FT/ST couple

Full grant given to the SC FT, who must be a co-applicant

Multi-nuclei SC applicants, such as:

  • Married siblings with their respective spouses
  • Parents and married child

Grant given only to a maximum of 2 applicants who are husband and wife

Usage

The CPF Housing Grants can be used to:

  • Offset the balance downpayment for the EC and subsequent payments towards the purchase price
  • Reduce the mortgage loan for the EC

The grant cannot be used for the minimum cash downpayment (if any) and monthly mortgage instalment payments.

The grant will also be included in the computation of the CPF withdrawal limit.

Example - Getting a CPF Housing Grant for ECs

Mr O (SC) and Mrs O (SPR) have booked an EC unit. Both of them have never taken any housing subsidy and their monthly household income at the point of application is $10,500.

Grant Type

CPF Housing Grant  (SC/SPR Household)

Conditions

Income Ceiling

$10,001 to $11,000

Previous Housing Subsidies

First-timer couple with no previous housing subsidies

Grant Amount

$10,000

A grant of $10,000 will be fully disbursed to Mr O, the sole SC applicant. Subsequently, if Mrs O obtains Singapore citizenship or the couple has an SC child, they may apply for the $10,000 Citizen Top-Up.