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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 flat own 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 obtain from the Singapore government during you are purchasing HDB flat to own and you should require to pay back, when you are resale or sale a HDB flat for 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 whom they are buying a resale flat near their owner occupied residence.
- The citizens who they are worked at least for two years but their average monthly income should not exceed $4,000 those citizens will be get additional CPF housing grant from $5,000 to $30,000.
- The Singapore government will be provide single grant of $11,000 for Singapore citizens for aged thirty five and above and 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 that citizen married a non-citizen of Singapore under the scheme of non-citizen spouse.
- Who they are wish to bye a resale HDB flat and they wish to live together with parents those aged single citizen can able to get single grant of $20,000.
- The Singapore government will provide family grant of $30,000 single grant beneficiary who they are get married later on. Under the scheme of non-citizen spouse, also it is applicable for single grant beneficiary when they are 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 that person married a spouse previously had a housing subsidy.
So that The CPF housing grant is a top up grant for family. The additional CPF housing grants is used for purchase or buy a HDB flat.
Therefore, the CPF housing grant is used to early payment or to reduce the loan or credit on the purchase of HDB flat.
Buy Sell Rent Invest Singapore Property
Mindy Yong 杨雯诗
Tel: (+65) 91002985
Fax: (+65) 64021826
mindy@mindyyong.com
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