Available Grants for HDB Resale Flats

Ohmyhome

March 7, 2017

Updated: 06 December 2018

If you’re one of the many who are looking to purchase a HDB resale flat, don’t fret – there are numerous grants that could assist you in doing so. The eligibility requirements offered are flexible, and so people from all kinds lifestyles and situations can apply.

Here are the kinds of grants available:

Family Grant

This is an assistance for married/ engaged couples or families who are first-timer applicants buying an HDB resale flat:

Household Structure	Buying 2- to 4-room Resale Flat	Buying 5-room or larger resale flats
Singapore Citizen (SC)/ SC	$50,000	$40,000
SC/ Singapore Permanent Resident (SPR)	$40,000	$30,000

Recipient of Family Grant may also be eligible for Additional CPF Housing Grant.

If a qualifying family member becomes an SC, then they can apply for the Citizen Top-up Grant of $10,000.

Additional CPF Housing Grant

Additional CPF Housing Grant (AHG) provides assistance to lower to middle-income applicants of the Family Grant.

Eligibility for AHG

Must have been eligible for the Family Grant first
The applicant, if engaged or married, must have had uninterrupted employment in the last 12 months and they must still be employed during the time of the application.
Average gross monthly income 12 months before application must not have exceeded $5,000. For further details regarding CPF Housing Grants.
Proximity Housing Grants (PHG)

For those who want to live independently without having to move too far away, then the Proximity Housing Grant can help. Families or singles who live within the same neighbourhood or only 4km away from their parents are eligible for the PHG.

PHG grants funds of $30,000 for families and $15,000 for singles to assist in purchasing a nearby resale flat with their parents.

Conditions for AHG

1. Citizenship

You must be an SC. At least one of your parents or your married child should also be at least an SPR or also an SC.

2. Minimum Age

For families, the age minimum is at 21 years old.
Singles must be at least 35 years old or above if applying for either the: Single Singapore Citizen Scheme, the Joint Singles Scheme, or the Public Scheme

3. Married Ones

Those who are married and are applying under the Non-Citizen Spouse Scheme must be 21 years old or more. This is only applicable for units that are 2 rooms or bigger.

Further details regarding Proximity Housing Grants.

Half-Housing Grant

This grant providess assistance For First-timer SC applicants whose spouse/ spouse-to-be had previously received a housing subsidy.
The grant amount is half of the Family Grant that you and your spouse/ spouse-to-be would qualify for if both of you were first-timer applicants.

For example, the applicable grant is $50,000 Family Grant for SC/ SC Household, the Half-Housing Grant is $25,000.

These funds can be used to balance the down payments and the subsequent payments while also lowering the mortgage loan for the Executive Condominiums (ECs).

There is a multitude of other HDB grants available for those who do not fit the aforementioned categories. Learn more about the Schemes and Housing Grants available.

Planning to buy an HDB? Here’s a 6-Step Guide to Buy Your HDB without an Agent.
If you plan to sell your HDB, learn How to Sell your HDB in 3 Weeks.

Sources: HDB (2018)

Buying your dream home? Ohmyhome understands that buying a home is a milestone. Our mortgage specialist can assist you in exploring the best home loan across all banks’ mortgage packages suited to your needs.

Call us at 6886 9009 and get a free mortgage advisory service!

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