CPF Grant for EC2018-06-29T15:35:11+00:00

CPF Grant for EC

CPF Grant for EC

CPF Grant for EC is a housing subsidy provided by the government to assist eligible first-timer family to buy an Executive Condo.

CPF Grant for EC (in the form of CPF Monies and not cash) will be credited into your CPF Ordinary Account and treated as part of your CPF fund. It can be used to pay for the CPF portion of the down payment at the time of signing of the Sales and Purchase Agreement after you have paid the cash payment (if applicable).

Eligibility Conditions for CPF Grant for EC

Citizenship
You are a Singapore Citizen. Your family nucleus must comprise of at least another Singapore Permanent Resident or Singapore Citizen

Age
21 years old and above

Family Nucleus
You are applying with your:

  • Spouse and children (if any), or
  • Fiancé/fiancée (must be able to produce your marriage certificate, latest by the date of keys collection), or
  • Children under your legal custody, care and control (if widowed or divorced).

Household Status
You and the essential family members listed in the application for purchase of the flat must not:

  • Be the owners of a flat bought direct from HDB, a DBSS flat or an Executive Condominium bought with CPF Housing Grant from the developer.
  • Have sold a flat bought direct from HDB, a DBSS flat or an Executive Condominium bought with CPF Housing Grant from the developer.
  • Have received the CPF Housing Grant for the purchase of an HDB resale flat.
  • Have taken other forms of housing subsidy (for example, benefited under the Selective En bloc Redevelopment Scheme, privatisation of HUDC estate etc).

How To Apply for CPF Grant for EC

You may apply for the CPF Grant for EC when you book an EC with the developer.

Disbursement of CPF Grant for EC

The CPF Grant for EC or Top-Up Grant is given only to Singapore Citizen (not SPR spouse). The grant once disbursed cannot be returned.

Income Ceiling (Average gross monthly income of all working persons, i.e. applicants and occupiers) SC/SC Household SC/SPR Household Half-Housing Grant ^
$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

^ If you are a first-timer SC and your co-applicant is a second-timer who has previously taken 1 housing subsidy

SC/SPR household will qualify for the Citizen Top-Up in any of these instances:

  • The SPR spouse originally listed (as an owner or applicant) in the flat application obtains Singapore Citizenship status
  • An SC child is born to the SC applicant/owner and spouse originally listed (as an owner or applicant) in the flat application

You can apply for the Citizen Top-Up of $10,000 when a qualifying member of your SC/ SPR household obtains Singapore citizenship. You need to submit your application to HDB within 6 months of being eligible for it.

Usage of CPF Grant

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.

Call Joanne Ng at
+65 9151 1871
for Showflat Viewing Arrangement Today!

No Matter Of Which Residential Property You Are Interested In …

We will always put your benefits in the top priority.

Call +65 9151 1871 Now