The CPF housing grant scheme is also known as housing subsidy, it means that Singapore government will provide subsidy for Singapore citizens to purchase HDB flats at cheap rate or it is also known as HDB flats for subsidy. Singapore government declared the subsidy rate range from S$30,000 to S$40,000. This range of grant can be obtained from the Singapore government during your purchasing HDB flat to own. You should require to pay back, when you do resale or sale a HDB flat to other customers.
Resale HDB flat
- Singapore government will be providing a grant of $30,000 for the married couples especially for the first time applicants.
- Singapore government will be providing a family grant of $40,000 for the first timer-applicant especially for married couples and who are buying a resale flat near their owner occupied residence.
- The citizens who have worked at least for two years but their average monthly income did not not exceed $4,000 those citizens will get additional CPF housing grant from $5,000 to $30,000.
- The Singapore government will provide single grant of $11,000 for Singapore citizens aged thirty five and above if they wish to buy a resale flat to residence as own under the scheme of single Singapore citizen.
- According to joint single scheme, two to three single citizen 35 aged and above can able to apply for two single grant of $22,000.
- A twenty one years and above single citizen can also get single grant who as a citizen married a non-citizen of Singapore under the scheme of non-citizen spouse.
- Those who wish to bye a resale HDB flat and wish to live together with aged parents, single citizen can get single grant of $20,000.
- The Singapore government will provide family grant of $30,000 single grant beneficiary who get married later on. Under the scheme of non-citizen spouse, also it is applicable for single grant beneficiary when they obtain citizenship of Singapore or when they get the permanent residence of Singapore.
- The Singapore government will provide half-housing grants about $15,000 or $20,000 for first time citizen who married a spouse who previously had a housing subsidy.
So the CPF housing grant is a top up grant for family. The additional CPF housing grants is used to purchase or buy a HDB flat.
Therefore, the CPF housing grant is used for early payment or to reduce the loan or credit on the purchase of HDB flat.
Buy Sell Rent Invest Singapore Property
Billy Chen 曾庆义
CEA Registration Number : R029372I
Tel: (+65) 88689999 Fax: (+65) 64021826
billy@billychen71.com ( email me )
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