Deferred Income Assessment

From May 2018 sales exercise onwards, young couples may apply for a flat first, and defer the income assessment for the CPF housing grant(s) and HDB housing loan. Couples who fulfil the eligibility conditions may have their income assessed nearer to their key collection appointment.


Overview of Eligbility Conditions
Student/ NSF status

Both parties of a couple must:

  1. Be full-time students or National Servicemen (NSF); or
  2. Have completed full-time studies or National Service (NS) within the last 12 months prior to the flat application.
Age Limit At the point of the flat application, applicants must be at least 21 years old and at least one applicant must be aged 30 years old or below. 
Marital status The couple must be married or are applying for a flat under the Fiancé/Fiancée Scheme.
Household status At least one applicant must be a first-timer.
Income assessment

The income assessment for housing grants and loan will be carried out at the following points:

For the purchase of: Income assessment
Completed Flat During the flat booking
Uncompleted Flat Approximately 3 months before flat completion

Please refer to our income guidelines for housing grants and loan.


Applicants who book a completed flat will proceed to collect the keys and make full payment for their flat purchase at key collection.

Applicants who book an uncompleted flat can make use of the Staggered Downpayment Scheme and pay the required downpayment in two instalments. Half of the downpayment is payable when they sign the Agreement for Lease, which is around 4 months after the flat booking. The remaining amount, as well as the balance purchase price, is payable at key collection when the booked flat is completed.