Schemes and Grants for the New Home Buyer

Buying your first home in Singapore could be extremely daunting. Singapore has one of the world’s most expensive properties, and cost of living is nothing short of cheap at all. Fortunately, HDB has provided several schemes and grants to help with this financial commitment and initial cash outlay.

  1. CPF Housing Grants for HDB Flats
    On top of the already subsidised purchase prices for new HDB flats, eligible buyers can also receive further subsidies in the form of a CPF Housing Grant of up to $80,000. The eligibility and amount granted is dependant on several factors such as whether you are a first time applicant, or if you are married. More information could be found here.
  2. CPF Housing Grants for DBSS Flats
    The new Design, Build and Sell Scheme (DBSS) flat is offered for sale under similar conditions as that of a new HDB, the only difference being that the purchase is made directly with the developer. More information could be found here.
  3. CPF Housing Grants for ECs
    Two types of grants are basically allowed for EC purchases from developers, The Family Grant, and the Half-Housing Grant. The family grant only applies if you are a first time home buyer, while the half housing grant applies if one of the applicant is a first time citizen applicant, while the spouse has previously enjoyed a housing subsidy. The grant amount is reflected in the table below:

    Average gross monthly household income of all persons in application, i.e. applicants and occupiers Family Grant Half-Housing Grant

    If you are a first-timer (FT) SC and your co-applicant is a second-timer (ST) who has previously taken 1 housing subsidy, i.e. FT/ ST couple

    Singapore Citizen (SC/  SC) Household SC/ Singapore Permanent Resident (SC/ SPR) Household
    $10,000 or lower $30,000 $20,000 $15,000
    $10,001 to $11,000 $20,000 $10,000 $10,000
    $11,001 to $12,000 $10,000 Nil $5,000
    $12,001 to $14,000 Nil Nil Nil


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