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Singapore Budget 2017: First-timer couples to get more subsidies when buying resale flats

  • First-timer couples who need a resale Housing Board flat will get more subsidies.
  • The CPF Housing Grant, previously capped at $30,000, has been raised to $50,000 for couples who purchase four-room flats or smaller from the resale market, and to $40,000 for those who buy flats that are five-room or bigger..
  • The change takes place “with immediate effect”.

– 20th Feb 2017

Read Full Article at http://www.straitstimes.com/singapore/housing/singapore-budget-2017-first-timer-couples-to-get-more-subsidies-when-buying-resale

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Enhanced CPF Housing Grant for Purchase of Resale HDB Flats From HDB Resale Planning:

*First-timer singles buying 2- to 5-room resale flat are eligible for the grant.

The enhanced CPF Housing Grant will apply to eligible resale flat applications received on or after 3.30 pm, 20 February 2017.

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