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Ultimate HDB Grants Singapore Guide [2024]

HDB Grants Singapore

Best HDB Grants Singapore
Best HDB Grants Singapore

Welcome to our Ultimate HDB Grants Singapore Guide, a comprehensive roadmap designed to help you navigate the intricacies of securing an HDB housing loan. This guide is especially beneficial for those with average gross monthly household incomes looking to make their first foray into the housing market. With the right kind of HDB grants, Singapore’s housing landscape can turn into an arena of opportunities, even for those on a tighter budget.

The best HDB housing grants in Singapore are CPF Housing Grants for BTO, Resale & SBF Flats.

Whether you’re a Singapore Permanent Resident (SPR) or a local, understanding the nuances of gross monthly household income requirements can make a world of difference in your homeownership journey. Let’s delve deeper to unravel the potential that these grants hold for you.

Quick Summary

  • Best HDB housing grants in Singapore are CPF Housing Grants for BTO, Resale & SBF Flats.
  • When choosing HDB grants in Singapore is to understand the eligibility criteria, which may include factors such as citizenship, income, and family nucleus, all of which could significantly impact the grant amount you qualify for.
  • HDB grants in Singapore are a boon for potential homeowners, offering considerable financial aid to eligible individuals and families, thereby making the dream of owning a home more attainable.

What is HDB Grants?

HDB grants in Singapore are a form of government assistance designed to make property ownership more accessible to Singaporeans. These grants can significantly reduce the cost of purchasing a Housing and Development Board (HDB) flat, especially for first-time homeowners. The amount of grant you can receive depends on a range of factors such as your income, family nucleus, and whether you’re buying a new or resale flat. It’s also important to note that different types of grants are available to meet the diverse needs of Singaporeans.

Key Considerations

When applying for HDB grants in Singapore, keep the following key considerations in mind:

  • Eligibility Criteria: Different grants have different criteria. These can range from your marital status, whether it’s your first application, to your monthly income.
  • Type of Property: The type of HDB flat you’re purchasing (new or resale) can affect the grants you’re eligible for.
  • Family Nucleus: Certain grants require you to form a family nucleus with your spouse, parents, or children.
  • Income Ceiling: Each grant has an income ceiling. If your income exceeds this, you’re not eligible for the grant.
  • Grant Amount: The amount of the grant varies depending on the grant type and your eligibility.
  • Application Procedure: Make sure you understand the application process and timeline to avoid any delays or issues.
  • Terms and Conditions: Lastly, understand the terms and conditions of each grant – what it covers, what it doesn’t, and any obligations after receiving the grant.

CPF Housing Grants for BTO, Resale & SBF Flats

CPF Housing Grants for BTO, Resale & SBF Flats - HDB Grants Singapore
CPF Housing Grants for BTO, Resale & SBF Flats
  • CPF Housing Grant for BTO Flats: This grant is available for first-time applicants who are purchasing a Build-to-Order (BTO) flat from HDB. Depending on your income and the flat type, you could receive up to S$80,000 in grants.
  • CPF Housing Grant for Resale Flats: If you’re buying a resale flat, you could be eligible for up to S$50,000 in grants for a 4-room or smaller flat, and S$40,000 for a 5-room or larger flat. This also applies to first-time applicants.
  • Additional CPF Housing Grant (AHG): The AHG is meant to support low-income families purchasing either a BTO or resale flat. The grant amount can be up to S$40,000, depending on your income.
  • Special CPF Housing Grant (SHG): The SHG supports low and middle-income families buying a 4-room or smaller BTO flat in non-mature estates. You could receive up to S$40,000, depending on your income.
  • CPF Housing Grant for Singles (Singles Grant): This grant helps single Singaporeans aged 35 and above to buy a resale flat. Eligible singles can receive a grant amount of up to S$25,000.
  • Proximity Housing Grant (PHG): The PHG supports families and singles who want to buy a resale flat to live with or near their parents or married child. Families can receive up to S$30,000 while singles can receive up to S$15,000.
  • CPF Housing Top-Up Grant Scheme: This scheme helps families who initially bought a 2-room flexi flat to top-up their CPF Housing Grant if they subsequently form or reconstitute a family nucleus. The top-up grant amount will be the difference between the applicable CPF Housing Grant for Family and the previously received grant.

HDB Grants Available Based on Your Profile in Singapore

HDB Grants Available Based on Your Profile in Singapore - HDB Grants Singapore
HDB Grants Available Based on Your Profile in Singapore

1. For First-Timer Couples/Families Going For:

New BTO Flats

First-timer couples or families aiming for a new Build-To-Order (BTO) flat can benefit from the Enhanced CPF Housing Grant (EHG). This grant offers up to S$80,000 and is available to all Singapore Citizen households who have not received any housing subsidy before.

Resale Flats

For those considering a resale flat, apart from the EHG, there’s also the Family Grant which offers up to S$50,000. If your resale flat is near your or your spouse’s parents, you may also qualify for the Proximity Housing Grant of S$20,000.

Executive Condominiums

First-timers aiming for an executive condominium can look into the Family Grant, which offers up to S$30,000. The actual grant amount depends on your household income and eligibility criteria.

Remember, these grants can make a significant difference to your housing budget, so it’s important to understand which ones you qualify for and factor them into your purchase decision.

2. For First-Timer Singles Going For:

New BTO Flats

First-timer singles who are 35 years or older and aiming for a new 2-room Flexi BTO flat in a non-mature estate can benefit from the Enhanced CPF Housing Grant (EHG – Singles). This grant offers up to S$40,000. The actual grant amount depends on your income and eligibility criteria.

Resale Flats

For singles considering a resale flat, apart from the EHG – Singles, there’s also the Singles Grant which offers up to S$25,000. Similar to couples or families, if your resale flat is near your parents, you may also qualify for the Proximity Housing Grant of S$10,000.

Keep in mind that these grants are subject to eligibility criteria and terms & conditions. Knowing the ins and outs of these grants can help you make an informed decision and maximize the financial assistance available to you.

3. For Second-Timer Couples/Families Going For:

Resale Flats

Second-timer couples or families who are considering a resale flat can apply for the Step-Up CPF Housing Grant. Eligible first-timer households that are living in a public rental flat and wish to buy a second-hand 2-room or 3-room flat in a non-mature estate can avail of this grant which offers up to S$15,000.

New BTO Flats

For those eyeing a new BTO flat, it’s important to note that as a second-time applicant, your chances in the BTO ballot are not as high as first-timers. However, if you’re from a multi-generation family looking to live with or near each other, you may consider the Multi-Generation Priority Scheme (MGPS).

While second-timer families may not have access to as many grants as first-timers, there are still options available. Remember, every bit helps when it comes to making your home purchase more affordable. Always check the HDB website or consult a property agent to understand all options available to you.

4. For Second-Timer Singles Going For:

Resale Flats

Second-timer singles who are considering a resale flat can look into the Half-Housing Grant (HHG). Available to all Singapore Citizen households who have received a housing subsidy before, this grant offers up to S$25,000. The actual grant amount depends on your income and eligibility criteria.

New BTO Flats

For those eyeing a new BTO flat, it’s important to note that as a second-time applicant, your chances in the BTO ballot are not as high as first-timers. However, if you’re from a multi-generation family looking to live with or near each other, you may consider the Multi-Generation Priority Scheme (MGPS).

While second-timer singles may not have access to as many grants as first-timers, there are still options available. Remember, every bit helps when it comes to making your home purchase more affordable. Always check the HDB website or consult a property agent to understand all options available to you.

5. For Couples Where One Applicant is Not a Singapore Citizen Going For:

New BTO Flats

For couples where one applicant is not a Singapore citizen and are considering a new BTO flat, the Non-Citizen Spouse Scheme (NCS) is a viable option. However, only 2-room Flexi flats in non-mature estates are available under this scheme, and the other eligibility criteria must also be met.

HDB Resale Flats

When it comes to resale flats, the Family Grant offers up to S$30,000 for eligible couples. Keep in mind that the non-citizen spouse must hold a valid Visit Pass or Work Pass at the time of the grant application.

Remember, buying a home is a significant financial decision. Therefore, it’s crucial to explore all possible HDB grants in Singapore and fully understand your eligibility. Always check the HDB website or consult a property agent to understand all options available to you.

Income Ceiling for HDB Grants in Singapore

Income Ceiling for HDB Grants in Singapore - HDB Grants Singapore
Income Ceiling for HDB Grants in Singapore

The income ceiling for various HDB grants in Singapore is as follows:

  • Enhanced CPF Housing Grant (EHG) for First-Timer Couples/Families: The household income must not exceed S$9,000.
  • Family Grant for Resale Flats: The household income must not exceed S$14,000. For extended families, it must not exceed S$21,000.
  • Proximity Housing Grant: There is no income ceiling.
  • Family Grant for Executive Condominiums: The household income must not exceed S$16,000.
  • Enhanced CPF Housing Grant (EHG – Singles) for First-Timer Singles: The applicant’s income must not exceed S$4,500.
  • Singles Grant for Resale Flats: The applicant’s income must not exceed S$7,000.
  • Step-Up CPF Housing Grant for Second-Timer Couples/Families: The household income must not exceed S$5,000.
  • Half-Housing Grant (HHG) for Second-Timer Singles: The applicant’s income must not exceed S$7,000.
  • Non-Citizen Spouse Scheme (NCS) for Couples where One Applicant is Not a Singapore Citizen: The household income must not exceed S$7,000 for 2-room Flexi flats.

Note that these income ceilings are indicative, and the actual eligibility may vary based on other factors. Always check the HDB website for the most updated information.

Step-Up CPF Housing Grant

Step-Up CPF Housing Grant Amount

The Step-Up CPF Housing Grant offers enhanced financial assistance to eligible applicants, with a maximum grant amount of S$15,000. This grant is designed to enable Singaporean families living in public rental flats to step up to a subsidized home, giving them the means to purchase a 2-room or 3-room flat in a non-mature estate.

The exact amount received may vary based on factors such as household income and eligibility criteria. It’s recommended to always check the HDB website or consult a property agent to understand your eligibility for this grant.

Proximity Housing Grant (Families)

PHG (Families) Amount

The PHG for families provides substantial financial aid, with a grant amount of up to S$30,000. This grant is designed to encourage families to live closer to each other, fortifying familial bonds. If you’re buying an HDB resale flat to live with your parents or married child, you can receive a grant of S$30,000.

If you’re buying a flat to live near your parents or married child (within 4km), the grant amount is S$20,000. Do note that the actual grant amount is subject to the eligibility criteria set by the HDB. For the most accurate information, always refer to the HDB website or consult a trusted property agent.

Proximity Housing Grant (Singles)

PHG (Singles) Amount

The PHG for singles offers a substantial financial boost, providing a grant amount of up to S$15,000. This initiative encourages unmarried or divorced persons to live close to their parents for mutual support. If you’re buying a resale flat to live with your parents, you can receive a grant of S$15,000.

If you’re buying a flat to live near your parents (within 4km), the grant amount is S$10,000. The actual grant amount that you receive can vary based on eligibility criteria outlined by the HDB. For the most precise information, it’s recommended to always refer to the HDB website or consult a trusted property agent.

HDB Grants Singapore

With an array of HDB grants in Singapore, purchasing your dream home is now made more affordable. Whether you’re a first-time applicant or a second-timer, HDB grants cater to a myriad of housing needs. For those wishing to buy a resale HDB flat, the Family Grant and PHG are potentially huge sources of financial aid. Always remember to obtain your HLE (Housing Loan Eligibility) letter before your flat purchase to have a clear understanding of your loan amount.

HDB grants in Singapore, while complex, offer a significant financial leg-up for both first-timer and second-timer applicants, making home ownership within reach for more Singaporeans. Always consult the HDB website or a trusted property agent for accurate and updated information.

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Frequently Asked Questions

If you have any questions about HDB Grants Singapore, you can refer to the frequently asked questions (FAQ) below:

What are the best HDB housing grants in Singapore?

The best HDB housing grants in Singapore are CPF Housing Grants for BTO, Resale & SBF Flats.

What are the grants for HDB?

First-timer couples buying a resale HDB flat can receive housing grants of up to $190,000, comprising the Family Grant of up to $50,000, Enhanced CPF Housing Grant of up to $80,000 and PHG of up to $30,000.

How much grant can I get from HDB?

If you are a first-timer applicant, you may apply for the Enhanced CPF Housing Grant (EHG) to help with your new or resale flat purchase. First-timer families may qualify for an EHG of up to $80,000, while a couple comprising a first-timer and second-timer may qualify for an EHG (Singles) of up to $40,000.

How much is the HDB single grant?

If you are a first-timer Singapore Citizen (SC) and buying a resale flat on your own, you may be eligible for a Singles Grant of $40,000 for the purchase of a 2- to 4- room resale flat or $25,000 for a 5-room resale flat.

Who is eligible for HDB?

A Singapore Citizen. A first-time homebuyer. At least 35 years old. Single (unmarried, divorced, or widowed).

What is the maximum grant amount under the Family Grant for Resale Flats?

The Family Grant offers up to S$30,000 for eligible couples purchasing a resale flat.

Is there an income ceiling for the Proximity Housing Grant?

No, there is no income ceiling for the PHG.

How much can I receive from the Step-Up CPF Housing Grant?

The Step-Up CPF Housing Grant offers up to S$15,000 for eligible applicants. However, the exact amount may vary based on your household income and eligibility criteria.

Who is eligible for the Proximity Housing Grant (Singles)?

The PHG (Singles) is designed for unmarried or divorced persons who are looking to buy a resale flat to live near or with their parents.

Where can I find the most updated information about HDB Grants in Singapore?

You can always check the HDB website or consult a trusted property agent for the latest and most accurate information about HDB grants in Singapore.

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