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Residential

Second-Timer Applicants

The Step-Up CPF Housing Grant is available to eligible second-timers who submit a resale application on or after 22 May 2019.

Grant Type Step-Up CPF Housing Grant
Flat Type

A 2-room^ or 3-room resale flat in non-mature estates

 ^Applicable only to second-timer families living in public rental flats.

Conditions

 

 

Current Flat Type

A 2-room subsidised flat in a non-mature estate that is:

  • Bought from HDB after October 1995, or from the resale market with a CPF Housing Grant
  • Your first subsidised flat

    Or

    Public Rental flat

Income Ceiling

$7,000^

^For resale applications received on or after 11 September 2019For resale applications received from 22 May 2019 to 10 September 2019, the income ceiling was $6,000.

Employment

At least one of you and your spouse/ fiancé(e) have been continuously employed for the 12 months prior to the resale flat application and are employed at the time you submitted the resale flat application.  

Remaining Lease of Flat

Flat purchased must have a remaining lease that covers the youngest buyer and spouse until the age of 95 and above (calculated based on date of resale application)

Grant Amount

$15,000

 

 

 

 

Income Document Guidelines

Nature of Employment

Documents to Submit

Employed person

  • 12 months’ payslips preceding the flat application

Or

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

And

  • CPF Yearly Statement of Account for current year and the immediate past year
  • CPF statements showing contributions for the 12 months preceding the flat application

Notes:

  • If you are employed full-time but on no-pay leave (e.g. full-time studies) for less than 6 months out of the 12 months in review, we will consider you as employed and take your last drawn full-time pay to assess your eligibility for the housing grant(s).
  • If you are employed full-time but on no-pay leave for 6 months or more out of the 12 months in review, your income will not be considered in the assessment.

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

  • 12 months’ payslips/ commission statements preceding the flat application

Or

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

And (for commission-based person)

  • CPF Yearly Statement of Account for current year and the immediate past year
  • CPF statements showing contributions for the 12 months preceding the flat application

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 for all other work done during full-time studies.

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
  • Sustenance Allowance
  • Stipend
Income/ allowance that is not considered for the income ceiling

  • Alimony allowance
  • Bonuses
  • Income from ad hoc overtime work
  • Interest from deposit accounts
  • National Service Allowance
  • Pension
  • Rental income
  • Scholarship overseas allowance
  • Overseas cost of living allowance
  • Director’s fee

 

Examples

Example 1

Mr and Mrs C (both SCs) are the current owners of a 2-room flat in Yishun that was bought from HDB in 2000.
They are buying a 3-room resale flat in Sembawang on the open market. They have been continuously employed for the past 12 months prior to their flat application. Their gross monthly household income at the time of flat application is $5,000.
They will be eligible for the Step-up CPF Housing Grant of $15,000. Each of them will receive $7,500.

Example 2

Mr and Mrs D (both SCs) are current owners of a 2-room flat in Sengkang, which was bought from HDB in 2010. They submitted a resale flat application to buy a 3-room flat in Yishun on 22 May 2019.
Mr D was unemployed from March 2018 to September 2018. He began working in October 2018, drawing an average gross monthly income of $2,000, and was still employed in May 2019.
Mrs D was employed from March 2018 to September 2018 with an average gross monthly income of $1,800. However, she has been unemployed since October 2018.
Mr and Mrs D are not eligible for the Step-Up CPF Housing Grant as neither of them has been continuously employed for 12 months.