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Enhanced CPF Housing Grant for Purchase of Resale HDB Flats
As announced in the Budget Statement in Parliament on 20 February 2017, the Government will increase the CPF Housing Grant for first-timer families buying resale HDB flats. First-timer singles buying resale flats will also benefit from the enhancements to the CPF Housing Grant. The enhanced CPF Housing Grant will provide first-time homebuyers with more affordable housing options, with more help given to those buying smaller flats to encourage prudent housing choices.
The enhanced CPF Housing Grant for families and singles are summarised in this table:
[increase of $20,000]
[increase of $10,000]
[increase of $5,000]
Note: *First-timer singles buying 2- to 5-room resale flat are eligible for the grant.
The enhanced CPF Housing Grant will apply to eligible resale flat applications received on or after 3.30 pm, 20 February 2017.