CPF Housing Grant
The CPF Housing Grant is a housing subsidy (in the form of CPF monies) provided by the Government to assist eligible First-Timer to buy an Executive Condominium from the developer.
CPF Housing Grant for Family is available to Singapore citizens who have not previously enjoyed any housing subsidy and/or grant and also meet all prevailing eligibility conditions.
The eligible family nucleuses for CPF Housing Grant are: -
a. Married Couple
b. Fiance/Fiancee
c. Widowed/divorced person with child/children under his/her legal custody
Two single persons applying for an EC unit are not eligible for CPF Housing Grant.
The CPF Housing Grant Quantum for EC applicants are as follows:
The CPF Housing Grant is a housing subsidy (in the form of CPF monies) provided by the Government to assist eligible First-Timer to buy an Executive Condominium from the developer.
CPF Housing Grant for Family is available to Singapore citizens who have not previously enjoyed any housing subsidy and/or grant and also meet all prevailing eligibility conditions.
The eligible family nucleuses for CPF Housing Grant are: -
a. Married Couple
b. Fiance/Fiancee
c. Widowed/divorced person with child/children under his/her legal custody
Two single persons applying for an EC unit are not eligible for CPF Housing Grant.
The CPF Housing Grant Quantum for EC applicants are as follows:
* Half Housing Grant applies, if one spouse/fiance has ever enjoyed the housing subsidy before.
* Singapore Citizen (SC) / Singapore Permanent Resident (SPR) household can apply for Citizen top-up, within 6 months from date of SPR obtaining citizenship or from date of the birth of a SC child.
The CPF Housing Grant for Family (up to $30,000) can be used to pay the remaining downpayment of an Executive Condominium.
Applicants who applied for the CPF Housing Grant but do not complete the purchase of the EC after signing the Sale and Purchase Agreement will be required to return the CPF Housing Grant to the Government together with accrued interest.
* Singapore Citizen (SC) / Singapore Permanent Resident (SPR) household can apply for Citizen top-up, within 6 months from date of SPR obtaining citizenship or from date of the birth of a SC child.
The CPF Housing Grant for Family (up to $30,000) can be used to pay the remaining downpayment of an Executive Condominium.
Applicants who applied for the CPF Housing Grant but do not complete the purchase of the EC after signing the Sale and Purchase Agreement will be required to return the CPF Housing Grant to the Government together with accrued interest.
Resale Levy
The resale levy payable is determined at the point you book your second subsidized flat. It applies regardless of ownership type (joint-tenancy or tenancy-in-common) or shared interest in the flat. The levy amount payable depends on when the resale application was submitted as per below table.
The resale levy payable is determined at the point you book your second subsidized flat. It applies regardless of ownership type (joint-tenancy or tenancy-in-common) or shared interest in the flat. The levy amount payable depends on when the resale application was submitted as per below table.
How & when the Resale Levy payment is to be made?
If you are still not sure whether you are eligible or how much grant you are entitle or whether you could afford to invest into an EC,click & fill up this FORM & we would be pleased to assist you.