# Enhanced CPF Housing Grant offers more Affordable Housing Options to First-Time Homebuyers

- **Source:** Ministry of National Development
- **Published:** 2017-02-20T10:40:00.000Z
- **Author:** Ministry of National Development
- **Original:** https://www.mnd.gov.sg/newsroom/press-releases/view/enhanced-cpf-housing-grant-offers-more-affordable-housing-options-to-first-time-homebuyers
- **Topics:** HDB & Public Housing, Government & Policy, Transactions & Deals

## Featured rationale

The higher grants could strengthen first-time demand for resale flats, particularly smaller units, while giving buyers greater flexibility over location and moving timelines.

## AI summary

From 20 February 2017, eligible first-timer families buying resale flats can receive up to $110,000 in grants, while singles can receive up to $55,000.

## Original article

Minister for Finance, Mr Heng Swee Keat, announced in the Budget Statement in Parliament today that the Government will increase the CPF Housing Grant for first-timer families buying resale HDB flats. This enhancement builds on the Government’s existing efforts to provide more affordable housing options to homebuyers. 

Enhancement of the CPF Housing Grant for First-Timer Families

Currently, first-timer families buying resale HDB flats can enjoy up to $90,000 of housing grants, comprising the CPF Housing Grant ($30,000), Additional CPF Housing Grant (up to $40,000) and Proximity Housing Grant ($20,000).

From today, MND will enhance the CPF Housing Grant to help young couples buy a resale flat, with more help given to those buying smaller flats to encourage prudent housing choices. The grant quantum will be increased:

(a) From $30,000 to $50,000, for first-timer families buying a 4-room or smaller resale flat; and

(b) From $30,000 to $40,000, for first-timer families buying a 5-room or larger resale flat.

Together with the Additional CPF Housing Grant and Proximity Housing Grant, eligible first-timer families buying resale flats can now enjoy up to $110,000 in housing grants. Please see Annex A for details. 

The enhanced CPF Housing Grant will provide first-time homebuyers with more affordable housing options. Besides buying a new Build-to-Order (BTO) flat from HDB, young couples can also choose from a wide range of resale flats in the open market. In particular, the enhanced CPF Housing Grant will help young couples who have a strong preference for a specific location (e.g. to live near their parents or their workplace), or who wish to move into their own home sooner to start a family (instead of waiting for a BTO flat). 

The enhancement of the CPF Housing Grant will complement our other efforts to help young families get their first home sooner. More details will be announced by MND at the Committee of Supply 2017 debate.

Enhancements Extended to Singles

Similarly, first-timer singles buying resale flats will also benefit from enhancements to the CPF Housing Grant. The grant quantum, which is half that for families, will be increased:

(a) From $15,000 to $25,000, for those buying a 4-room or smaller resale flat; and

(b) From $15,000 to $20,000, for those buying a 5-room resale flat.

Together with the existing Additional CPF Housing Grant (up to $20,000) and Proximity Housing Grant ($10,000), eligible first-timer singles buying resale flats can enjoy up to $55,000 in housing grants. Please see Annex A for details. 

Implementation 

The enhancements to the CPF Housing Grant for families and singles are summarised in Table 1:

The enhanced CPF Housing Grant will apply to eligible resale flat applications received on or after 3.30 pm, 20 February 2017. For enquiries, the public can contact HDB :

• Sales/Resale Customer Service Line : 1800-866-3066

• Branch Service Line : 1800-225-5432

## Chinese translation

> Translation model: grok_cli

### 加强版公积金购屋津贴为首次购房者提供更多可负担住房选择

财政部长王瑞杰先生今日在国会发表财政预算案声明时宣布，政府将提高首次购屋家庭购买转售组屋的公积金购屋津贴。此项加强措施建基于政府现有的努力，为购房者提供更多可负担的住房选择。

加强首次购屋家庭的公积金购屋津贴

目前，首次购屋家庭购买转售组屋可享有最高达90,000元的购屋津贴，包括公积金购屋津贴（30,000元）、额外公积金购屋津贴（最高40,000元）及近居购屋津贴（20,000元）。

自今日起，国家发展部将加强公积金购屋津贴，协助年轻夫妇购买转售组屋，并对购买较小单位者给予更多帮助，以鼓励审慎的住房选择。津贴数额将提高为：

(a) 由30,000元提高至50,000元，适用于购买四房式或更小转售组屋的首次购屋家庭；以及

(b) 由30,000元提高至40,000元，适用于购买五房式或更大转售组屋的首次购屋家庭。

连同额外公积金购屋津贴及近居购屋津贴，符合资格的首次购屋家庭购买转售组屋现可享有最高达110,000元的购屋津贴。详情请见附件A。

加强版公积金购屋津贴将为首次购房者提供更多可负担的住房选择。除了向建屋发展局购买新的预购组屋（BTO）外，年轻夫妇也可在公开市场上选择种类繁多的转售组屋。尤其是，加强版公积金购屋津贴将帮助那些对特定地点有强烈偏好的年轻夫妇（例如希望住在父母或工作地点附近），或希望尽早搬入自有住房以组织家庭者（而不必等待预购组屋）。

公积金购屋津贴的加强将配合我们其他协助年轻家庭更早获得首个住家的措施。更多详情将由国家发展部在2017年开支委员会辩论中公布。

加强措施扩及单身人士

同样地，首次购屋的单身人士购买转售组屋也将受惠于公积金购屋津贴的加强。津贴数额为家庭津贴的一半，将提高为：

(a) 由15,000元提高至25,000元，适用于购买四房式或更小转售组屋者；以及

(b) 由15,000元提高至20,000元，适用于购买五房式转售组屋者。

连同现有的额外公积金购屋津贴（最高20,000元）及近居购屋津贴（10,000元），符合资格的首次购屋单身人士购买转售组屋可享有最高达55,000元的购屋津贴。详情请见附件A。

实施安排

家庭及单身人士公积金购屋津贴的加强措施摘要见表1：

加强版公积金购屋津贴将适用于2017年2月20日下午3时30分或之后收到的符合资格转售组屋申请。如有查询，公众可联络建屋发展局：

• 销售/转售客户服务热线：1800-866-3066

• 分行服务热线：1800-225-5432