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Residential

First-Timer Applicants

If you are applying for a flat as a first-timer household, you may be eligible for the following CPF Housing Grants:

  • Additional CPF Housing Grant (AHG)
  • Special CPF Housing Grant (SHG)

Grant Type

AHG

SHG

Flat Type Applied For

2-room Flexi or larger flat

2-room Flexi, 3-room, or 4-room flat in a non-mature estate

Conditions

Income Ceiling

$5,000

Applications received from November 2015 sales launch

  • Not more than $8,500

Applications received from July 2013 sales launch to May 2015

  • Not more than $6,500

Applications received from Feb 2011 sales launch to May 2013 sales launch

  • Not more than $2,250 

Previous Housing Subsidies

You and all other co-applicants and essential occupiers are all first-timers

Employment

You and/ or your spouse/ fiancé(e) are employed at the time you submitted the flat application, and have been continuously employed for the 12 months prior to the flat application

Remaining Lease of Flat 30 years or more#
Ownership/ Interest in Property You and the other flat 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

Grant Amount

Up to $40,000, depending on household income

Up to $40,000, depending on household income

# Buyers of 2-room Flexi flats on short lease (15 to 45 years) are eligible for the AHG and SHG (if the flat is in a non-mature estate). The grant amount will be adjusted according to the lease chosen.

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. This means that you must not:

  • Be the owner of a flat bought from HDB
  • Have sold a flat bought from HDB
  • Have bought an Executive Condominium (EC), Design, Build and Sell Scheme (DBSS) flat or an HDB resale flat with CPF Housing Grant, or taken over ownership of such a flat or EC
  • Have transferred the ownership of a flat bought 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

Calculation of grant amount

The AHG and/ or SHG amount received depends on the average gross monthly household income for the 12 months prior to you submitting your flat application. Families with lower household incomes will receive a larger grant amount.

Average Monthly Household Income* Over 12 Months AHG SHG Total
July 2013 to May 2015 Sales Launch
From November 2015 Sales Launch
July 2013 to May 2015 Sales Launch
From November 2015 Sales Launch
Up to $1,500 $40,000 $20,000 $40,000 $60,000 $80,000
$1,501 to 2,000 $35,000 $20,000 $40,000 $55,000 $75,000
$2,001 to 2,500 $30,000 $20,000 $40,000 $50,000 $70,000
$2,501 to 3,000 $25,000 $20,000 $40,000 $45,000 $65,000
$3,001 to 3,500 $20,000 $20,000 $40,000 $40,000 $60,000
$3,501 to 4,000 $15,000 $20,000 $40,000 $35,000 $55,000
$4,001 to 4,500 $10,000 $20,000 $40,000 $30,000 $50,000
$4,501 to 5,000 $5,000 $20,000 $40,000 $25,000 $45,000
$5,001 to 5,500 Nil $15,000 $35,000 $15,000 $35,000
$5,501 to 6,000 Nil $10,000 $30,000 $10,000 $30,000
$6,001 to 6,500 Nil $5,000 $25,000 $5,000 $25,000
$6,501 to 7,000 Nil Nil $20,000 Nil $20,000
$7,001 to 7,500 Nil Nil $15,000 Nil $15,000
$7,501 to 8,000 Nil Nil $10,000 Nil $10,000
$8,001 to 8,500 Nil Nil $5,000 Nil $5,000

* All working persons’ (i.e. applicants and occupiers) income are included.

 

How to apply

If eligible, please download the relevant AHG application form or AHG/ SHG application form and submit it to us during your flat booking appointment.

When you come for the flat booking appointment, please remember to bring the necessary income documents (see below) for the 12 months prior to your flat application.

Disbursement

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

Type of Applicant(s)

Distribution of Grant

Sole SC applicant

Full grant

Joint SC applicants (husband and wife)

Half of the full grant each

Multi-nuclei SC applicants, e.g.:

  • 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

CPF Housing Grants can be used to:

  • Offset the purchase price of the flat
  • Reduce the mortgage loan for the flat purchase

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

If you are buying the flat with a bank loan, the grant will also be included in the computation of the CPF withdrawal limit.

Income documents

The income documents you are required to bring for your flat booking appointment depend on your nature of employment. We may also request further documentation if needed.

Nature of Employment

Documents to Submit

Employed person

  • Latest 12 months’ payslips

Or

  • Letter from employer certifying salaries for the last 12 months. The letter must contain the:
    • Company stamp/ letterhead
    • Certifying officer’s name, signature, and designation

And

Notes:

  • If you are employed full-time but on no-pay leave (e.g. for full-time studies) for the 12 months in review, we will consider you as employed and take your last drawn full-time pay to assess income for your AHG

Self-employed person

Or

  • Statement of Annual Accounts certified by an audit firm

And

Or

  • Valid licence of trade

Part-time worker/ Commission-based person

  • Latest 12 months’ payslips/ commission statements

Or

  • Letter from employer certifying salaries for the last 12 months. The letter must contain the:
    • Company stamp/ letterhead
    • Certifying officer’s name, signature, and designation

And (for commission-based person)

Odd job worker

And

  • Previous year’s NOA from IRAS

Full-time student receiving stipends

  • Letter from the education institute stating the period and nature of study (full or part-time)
  • Copy of signed contract between the applicant and the education institute stating the conditions of the stipend

Notes:

  • You will be considered as employed if, during full-time studies, you receive stipends which are work-related, e.g. you conduct teaching/ research work for the educational institute giving the stipend
  • You will not be considered as employed if you are a full-time student taking up part-time work

Income/ allowance that will be considered for the income ceiling

  • Allowances (fixed/ variable) received on a regular basis, such as allowances for food, transport, laundry, uniform
  • Stipend

Income/ allowance that is not considered for the income ceiling

  • Alimony allowance
  • Bonuses
  • Income from overtime work income
  • Interest from deposit accounts
  • National Service Allowance
  • Pension
  • Rental income
  • Scholarship overseas allowance

Examples

Check here for AHG and SHG examples.

Example 1

Mr A (SC) has been unemployed for more than 12 months. Mrs A (a Singapore Permanent Resident) has been employed for the past 12 months, with an average gross monthly income of $1,800. The first-timer couple is applying for a new 3-room Build-To-Order (BTO) flat in Punggol from HDB.

Grant Type

AHG

SHG

Flat Type Applied For

3-room flat in a non-mature estate

Conditions

Income Ceiling

$5,000

$8,500

Previous Housing Subsidies

First-timer couple with no previous housing subsidies

Employment

Ms A has been continuously employed for the past 12 months, and was still employed at the time of the flat application

Remaining Lease of Flat

> 30 years

Amount of grant

$35,000 (AHG) + $40,000 (SHG) = $75,000

Disbursement of Grant

Mr A receives $75,000

The total grant of $75,000 (AHG and SHG) will be fully disbursed to Mr A, the sole SC applicant.

How the AHG and SHG helps the couple in buying the 3-room flat

  • AHG and SHG amount: $75,000
  • Monthly contribution to CPF Ordinary Account: $414
  • Total CPF savings: $23,900

 

Without AHG and SHG

With AHG and SHG

Purchase Price of a 3-room flat (A)

$170,000

$170,000

10% downpayment (B)

  1. Pay by AHG/ SHG

  2. Pay by CPF savings

 

N/A

$17,000

 

17,000

N/A

Balance Purchase Price (C = A - B)

$153,000

$153,000

Balance AHG and SHG and CPF Savings (D)

Balance AHG and SHG

N/A

$58,000

Balance CPF savings

$6,900

$23,900

Mortgage Loan Required (C - D)

$146,100

$71,100

Monthly loan instalment over 25 years repayment period

$663

$323

Monthly loan instalment paid with CPF contribution

$414

$323

Monthly loan instalment paid in cash

$249

Nil

The AHG and SHG help to reduce the loan amount required, and do away with the need to use cash to pay the monthly loan instalment.

Example 2

Mr and Mrs B (both SCs) are a first-timer couple. They applied for a new 5-room BTO flat in Sengkang in March 2015.

Mr B was unemployed from March 2014 to September 2014. He began working in October 2014, drawing an average gross monthly income of $2,000, and was still employed in March 2015.

Mrs B was employed from March 2014 to September 2014 with an average gross monthly income of $1,800. However, she has been unemployed since October 2014.

Mr and Mrs B are not eligible for the AHG as neither of them has been continuously employed for 12 months.