<body>

♥ Saturday, January 24, 2009♥

I have got some information from the web to share below...for my friends who are looking around for RESALE houses only..

1. HDB Grant of 30K & 40K or 50k.- Available to first-time Singapore Citizen family of HDB resale flats. If you stay in the same town as parents or within 2 km from your parents, you are eligible for a $40,000 or $50,000/- grant (to be confirmed), otherwise you will be eligible for a $40,000/- grant. This amount will be credited to your CPF account and can be used for deposit or payment of your resale HDB Flats.

2. Submit application before marriage - You are allowed to apply for New HDB Flats before marriage i.e under the Fiance/Fiancee scheme. However, you have to produce your marriage certificate at the estimated delivery possession date of the flat or 3 months after you have taken possession of the new flat, whichever is later

3. Down Payment for Flats - For resale HDB flat, the downpayment is 10% of the valuation or the purchase price whichever is the lower. As from 19 July 2005, you can withdraw up to 6% of your CPF for downpayment and the balance 4% in cash. This cash component will be increased by 1% to 5% from 1st January 2006 like private property i.e 5% cash and 5% CPF for deposit of property from 19th July 2005. Please reserve some CPF to cover other costs related to the purchase such as legal fees, home protection insurance, etc for both new and resale flats, otherwise you end up paying cash.

More information from the HDB below
CPF Housing Grant for Family with income celling below 8k. (RESALE only)

1. CPF housing grant for family
$30,000

2.CPF housing grant for family(living near parents/married child)
$40,000

Buyers who are eligible for Family Grant can also apply for Additional CPF Housing Grant (AHG) provided they fulfil the eligibility conditions.

Revised Additional CPF Housing Grant (AHG) Scheme with income ceiling below $4000


The amount of Additional CPF Housing Grant is given in the table below:
Average Monthly Household Income over last 2 years Revised Additional CPF Housing Grant
$1,500 or less $30,000
$1,501 - $2,000 $25,000
$2,001 - $2,500 $20,000
$2,501 - $3,000 $15,000
$3,001 - $3,500 $10,000
$3,501 - $4,000 $5,000


Aiyiko XOXO