Special CPF Housing Grant – HDB for sale

Special CPF Housing Grant – HDB for sale

The Special CPF Housing Grant (SHG) was first introduce on 3 March 2011 by MND to help Families earning up to $2,250 a month to buy their first new 2- to 3-room flat direct from HDB. HDB for sale.

From 27 August 2013, the SHG was enhanced to also benefit middle- income household buying up to 4-room new flats direct from HDB in non-mature estates with income of up to $6,500.

From 24 August 2015 the SHG was further enhanced to help first-time home buyers in buying their first new flat direct from HDB by raising the income ceiling for the SHG from $6,500 to $8,500 and by doubling the maximum SHG amount from $20,000 to $40,000 – HDB for sale.

Specifically,

a) The income ceiling for the SHG was raised from $6,500 to $8,500. This will extend the SHG benefits from low-income to middle-income families; and

b) The previous SHG income ceiling for singles buying 2-room Build-To-Order (BTO) flats under the Single Singapore Citizen (SSC) Scheme was raised to $4,250. This will further enhance their ability to afford a 2-room flat.

The new measures will start from the Nov 2015 sales launchHDB for sale.

The SHG announced is over and above the regular housing subsidy and the Additional CPF Housing Grant (AHG), under the following conditions:

  • For first-timers only
  • At least one member working continuously for past 1 year.
  • Average gross monthly household income of $8,500 or less for past 1 year
  • SHG is available for 2-room, 3-room and 4-room new flat applications, and in non-mature estates only

SHG for Family

Monthly Household Income Current SHG Enhanced SHG
<=$5,000 $20,000 $40,000
$5,001 – $5,500 $15,000 $35,000
$5,501 – $6,000 $10,000 $30,000
$6,001 – $6,500 $5,000 $25,000
$6,501 – $7,000 $0 $20,000
$7,001 – $7,500 $0 $15,000
$7,501 – $7,000 $0 $10,000
$8,001 – $8,500 $0 $5,000
>$8,500 $0 $0

 

SHG for Singles

Monthly Household Income Current SHG Enhanced SHG
<=$2,500  $10,000 $20,000
$2,501 – $2,750  $7,500 $17,500
$2,751 – $3,000  $5,000 $15,000
$3,001 – $3,250  $2,500 $12,500
$3,251 – $3,500  $0 $10,000
$3,501 – $3,750  $0 $7,500
$3,751 – $4,000  $0 $5,000
$4,001 – $4,250 $0 $2,500
>$4,250  $0 $0

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