The Additional CPF Housing Grant (AHG) Scheme is meant to help citizen families with a steady household income to buy their first subsidised home. It is based on a workfare concept, where at least one of the applicants must have worked continuously for 12 months prior to the flat application and remain employed at the point of flat application. The AHG amount is graduated according to income brackets, in favour of lower income households. It can be used to offset the purchase price of a new flat, resale flat or DBSS flat. It is an
additional subsidy
over and above the regular subsidy and CPF Housing Grant that new and resale flat buyers receive respectively.
Eligible first-timers can use the AHG amount (up to $40,000) as an additional subsidy over and above the prevailing CPF Housing Grant for Family.
The Additional CPF Housing Grant
can only be given once to each eligible family. You will have to meet the
se eligibility conditions if you wish to apply for the AHG:
|
Meet eligibility conditions and are applying for:
- CPF Housing Grant for Family or
- CPF Housing Top-Up Grant
| AHG applicants must meet all eligibility conditions and must be applying for any of the CPF Housing Grant below:
|
| Employment Status | As the applicant, you or your spouse/fiancé/fiancée:
- must be in continuous employment for 12 months before the flat application and
- are still employed at the time of submission of the flat application.
|
| Income Ceiling |
|
AHG is graduated to allow families with lower income to receive a higher grant
amount. The amount of AHG
flat buyers can be eligible for depend
s on their average gross monthly household income assessed over the past
12 months.
|
$1,500 or less | $30,000 | $40,000 |
$1,501 - $2,000 | $25,000 | $35,000 |
$2,001 - $2,500 | $20,000 | $30,000 |
$2,501 - $3,000 | $15,000 | $25,000 |
$3,001 - $3,500 | $10,000 | $20,000 |
$3,501 - $4,000 | $5,000 | $15,000 |
$4,001 - $4,500 | - | $10,000 |
$4,501 - $5,000 | - | $ 5,000 |
Mr B, aged 28, has been working continuously for the past
12 months. His wife is not working. They are planning to buy a 4-room resale flat from the open market. They have calculated that with the CPF housing Grant for Family and the Additional Housing Grant, buying a resale flat is now more affordable
- Average monthly household income
| $4,000 |
- Savings in CPF Ordinary Account
| $35,000 |
- Eligible for CPF Housing Grant (living near parents)
| $40,000 |
|
| $15,000 |
|
| Resale Price of the 4-room flat | $315,000 | $315,000 |
| Market Valuation (A) | $300,000 | $300,000 |
10% of Market Valuation (B)
Mr B can pay the sum with his CPF Savings | $30,000 | $30,000 |
| Cash-above-valuation* | $15,000 | $15,000 |
| Balance Resale Price (C= A - B) | $270,000 | $270,000 |
| Remaining of CPF (D) |  | |
- Savings in CPF Ordinary Account
| $5,000 | $5,000 |
- CPF Housing Grant (living near parents)
| $40,000 | $40,000 |
|
| Nil | $15,000 |
| Mortgage Loan Required (C - D) | $225,000 | $210,000 |
| Monthly CPF contribution to Ordinary Account based on Mr B's age & income | $920 | $920 |
| Monthly Loan Instalment over 30 year repayment period (can be fully paid with Mr B's CPF contribution) | $901 | $841 |
* Includes the deposit of $5,000 (Option Fee + Option Exercise Fee)
Leaflet for AHG