What are the grants available for first time home buyers?

There are a lot of grants available today than in the past. While it is great, it can be super confusing as well.

Grants that are available with effect of 11 Sept 2019 are:

• Enhanced Housing Grant
• Family Grant / CPF Housing Grant
• Proximity Grant

Let me break it down further by type of buyer:

• Individuals/Couples buying Private Property
• Couples who are buying an Executive Condo
• Couples who are buying a Build-to-Order (BTO) Flat
• Couples who are buying a Resale Flat

Individuals/ Couples buying Private property

For the fortunate few, there are no grants available for you even if you are a first time home buyer.

Couples who are buying Executive Condo

There are two grants available for you: Family Grant and Half-Housing Grant.

The family grant is for couples who are both first time buyers. The grant is up to $30,000. Half-housing grant is for couples who only one of them is a first-time buyer, and the grant is up to $15,000.

You can learn more here at the HDB website.

Couples who are buying a Build-to-Order (BTO) flat

The grant that you are eligible for is the Enhanced Housing Grant (EHG).

If both occupiers (engaged/married couple) are first time buyers, you can get up to $80,000. You can learn more at HDB website here.

For two 35 years old singles, applying for a BTO, you can each get a grant up to $80,000. You can learn more at HDB website here.

If only one of the occupier is a first time buyer, you can get up to $40,000. You can learn more at HDB website here.

Couples who are buying a Resale flat

For couples buying a resale flat, there are in total 3 grants that you can be eligible for: Enhanced CPF Housing Grant, CPF Housing Grant and Proximity Grant.

For Enhanced CPF Housing Grant(EHG), first time couples can get $80,000. You can get more info here.

For CPF Housing Grant, you can get up to $50,000 if your household income is below $14,000. You can get more info here as well.

For Proximity Grant, you can get up to $30,000 within 2KM of the same estate or $20,000 if between 2KM to 4KM. You can get more information here. You can also use HDB’s free distance checker here.

Things to note when buying an Executive Condominium or HDB flats:

• You must be a Singapore Citizen
• At least 1 other applicant must be a Singapore Citizen or Singapore Permanent Resident
• All singles must be Singapore Citizens if applying under the Joint Singles Scheme

I hope this information helps in your house hunting process by streamlining the various grants. This will direct you to the correct sites for you to get more information and do your own research.

Feel free to contact me to discuss more.