WebApr 10, 2024 · Enhanced CPF Housing Grant (EHG) For HDB flat applications submitted from Sept 11, 2024, first-time HDB flat buyers can now enjoy up to $80,000 thanks to the Enhanced CPF Housing Grant. WebIf you received a Singles Grant from CPF while purchasing your HDB, and are now buying another subsidised HDB, you need to pay only half the resale levy amount. Example: Mark purchased a 3-Room HDB flat with the Singles Grant. He has decided to sell this flat to downgrade from a 3-Room HDB to a 2-Room HDB.
HDB grants guide 2024: What
WebJun 30, 2024 · This qualifies you for a Family Grant of $50,000, because (1) you’re buying a 4-room flat, and (2) both of you are Singapore citizens. You may also be eligible for an Enhanced CPF Housing Grant (EHG) of $35,000. The lower your income, the higher the EHG amount (see section Details on the Enhanced CPF Housing Grant below). WebFeb 23, 2024 · Since they plan to take an HDB housing loan, the downpayment would be 10% of the purchase price — $30,000, which they can pay with the Enhanced CPF Housing Grant, if eligible. Other expenses at this stage can also be paid with CPF OA savings, such as the buyer’s stamp duty, which can be calculated using the IRAS Stamp Duty … chat gpt vs google ai
HDB CPF Housing Grant
WebDec 30, 2024 · There are different HDB grants for first-timers – Enhanced CPF Housing Grant, Family Grant, Singles Grant, Proximity Housing Grant, and others. How much grant money you receive for EHG and some other grant types depends on your income ceiling. Grants not only reduce or eliminate the need for cash to pay a downpayment. WebNov 7, 2024 · The Enhanced CPF Housing Grant is a catch-all HDB grant that is meant to help lower- to middle-class couples afford a home. Previously, the income-related HDB grants were more restrictive. In order to get the maximum grant, you had to apply for a smaller BTO flat in a non-mature estate. Resale HDB flats and BTOs in mature estates … WebJan 25, 2024 · Family Grant. $12,000. $5,000 to $30,000. Totalling it up, this is the maximum grant you can get for the different flat types, assuming you qualify for all: HDB BTO grant: EHG = up to $80,000 ... custom house surgery nhs