CPF Housing Grants for ECs
First-Timer (FT) families will be entitled to apply CPF Housing Grants under Executive Condominium (EC) purchases from developers:
Type of EC Housing Grants:
- Family Grant (FT/ FT - Both Applicants are First-Timers)
- Half-Housing Grant (FT/ ST - First-Timer/ Second-Timer)
You and any co-applicants must be eligible for the grant at the point of booking the EC.
Note: 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
Average Monthly Household Income | Family Grant (SC/SC) | Family Grant (SC/SPR) | Half-Housing Grant (SC/SC) |
$10,000 and Below | $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 $16,000 | NIL | NIL | NIL |
First-Timer (FT) Applicant
You will be considered a first-timer applicant if you have not received any housing subsidy from HDB, which means that you must not:
- Be the owner of a flat bought from HDB
- Have sold a flat bought from HDB
- Have taken the CPF Housing Grant to buy an EC, Design, Build and Sell Scheme (DBSS) flat or an HDB resale flat, or taken over ownership of such a flat or EC
- Have transferred the ownership of a flat bought directly from HDB, or an HDB resale flat bought with a CPF Housing Grant
- Have ever taken other forms of housing subsidy, such as Selective En bloc Redevelopment Scheme benefits or privatisation of HUDC estate
Citizen Top-Up Grant for EC (Under SC/ SPR households)
If you are from an SC/ SPR household and taken a CPF Housing Grant for Family which was $10,000 lesser than an SC/ SC household for the purchase of your Executive Condominium (EC), you can apply for the Citizen Top-Up Grant when your SPR family member takes up Singapore Citizenship or when you have an SC child.
How and when to apply EC Housing Grants
You can apply for the CPF Housing Grant when booking your EC with the developer.
Disbursement of EC Housing Grants
CPF Housing Grants are fully credited into the CPF Ordinary Accounts of eligible Singapore Citizen (SC) applicants. No cash is disbursed.
Type of Applicants | Distribution of Grant |
Sole SC applicant | Full grant |
Joint SC applicants (husband and wife) | Half of the full grant each |
FT/ST couple | Full grant given to the SC FT, who must be a co-applicant |
Usage of EC Housing Grants
The CPF Housing Grants can be used to:
- Offset the balance downpayment for the EC and subsequent payments towards the purchase price
- Reduce the mortgage loan for the EC
The grant cannot be used for the minimum cash downpayment (if any) and monthly mortgage instalment payments.
The grant will also be included in the computation of the CPF withdrawal limit.
CONTACTS
Get in Touch
Your Real Estate Partner
Elson Chua
(65) 8182 1832
R014878H