CPF Housing Grant For Family – HDB flat for sale
The terms and conditions for the $30K CPF Housing Grant for Family are as follows: HDB flat for sale.
- All SC applications get full CPF Housing Grant
- SC/SPR applicants get $10,000 lesser CPF Housing Grant
- CPF Housing Grant will be paid to the SC only
- SPR cannot receive CPF Housing Grant
- Bankrupt cannot receive CPF Housing Grant
- Resale flat not affected by SERS
- Family nucleus
- Never bought direct from HDB – first-timer
- If parent & child bought direct from HDB before, the child will still be treated as a first-timer. However, sale of the old flat must be completed before applying for CPF Housing Grant
- Income </= $12,000/- per month for couple
- Extended family income </= $18,000/- per month
- Must not own or sold private residential property over the last 30 months
- Minimum Occupation Period – 5 yrs from effective date of sale.
- 5 year time bar from date of possession to apply to buy direct from HDB
- Cannot buy private residential property during the Minimum Occupation Period of 5 yrs – up to the exercise date of Option of private property
- Receiving CPF Housing Grant is treated as having bought HDB direct once
Please click here to search for HDB flat for sale.
