What are the New Changes? 📋
To support Singaporeans in buying a flat, HDB provides various housing grants to eligible flat buyers.
MND and HDB introduce a new Enhanced CPF Housing Grant (EHG) to replace the existing AHG1 and SHG. To benefit more first-timer home seekers, the EHG will be made available to eligible buyers2, regardless of whether they purchase a new or resale flat. There are also no restrictions on flat buyers’ choice of flat type and location3.
Eligible first-timer families will be able to enjoy an EHG of up to $80,0004,5 when they buy a flat that can cover them and their spouses to the age of 95. This is to ensure that all Singaporeans will be able to live comfortably in a home that can last them for life. Eligible families who buy a flat that does not meet this condition will still benefit from the EHG, but the amount will be pro-rated based on the extent that the remaining lease can cover them to the age of 956. Eligible first-timer singles aged 35 and above, and earning not more than $4,500 a month, can also enjoy an EHG (singles) of up to $40,000, and are subject to the same conditions.
🏠 As an illustration, an eligible first-timer family earning $4,800 a month buying a 4-room BTO flat in a mature estate will now enjoy an EHG of $45,000, compared to $5,000 in AHG today. If the same family bought a 4-room resale flat with a remaining lease that can cover the buyers and their spouses to the age of 95, they will now enjoy an EHG of $45,000, on top of the $50,000 in CPF Housing Grant they currently get7.