I just bought your first property using the CPF Housing Grant Scheme and now wondering which type of flat suits you best? Different types of flats are eligible under the scheme, including Build-To-Order (BTO), sale-of-balance flats (SBF), and resale flats. Each option has its advantages and disadvantages, so it’s crucial to choose the one that fits your needs and budget. Let’s explore the features of each type of flat allowed under the CPF Housing Grant Scheme, helping you make the right decision for your new home.
Key Takeaways:
- HDB flats: These are public housing units in Singapore, eligible for CPF Housing Grant schemes.
- DBSS flats: Design, Build and Sell Scheme flats are another option for CPF Housing Grant eligibility, providing a middle-ground between public and private housing.
- ECs: Executive Condominiums are a hybrid of public and private housing, allowing buyers to enjoy private condominium facilities while still being eligible for CPF Housing Grants.
- Resale ECs: These are second-hand Executive Condominium units that also qualify for CPF Housing Grant schemes.
- Private property: Generally not eligible for CPF Housing Grants, except for specific schemes that target couples purchasing their first properties.
Overview of CPF Housing Grant Scheme
Before delving into the different types of flats allowed under the CPF Housing Grant Scheme, it’s vital to understand the basic overview of the scheme. The CPF Housing Grant Scheme is a government initiative aimed at helping Singaporeans afford their first home. It provides eligible first-time buyers with financial assistance to purchase a flat and reduce their financial burden during the home-buying process.
Eligibility Criteria
With regards to the eligibility criteria for the CPF Housing Grant Scheme, there are several key factors you need to consider. Firstly, you must be a first-time homebuyer to qualify for the grant. Additionally, your household income must fall within a certain range to be eligible for the scheme. Other factors, such as citizenship status and age requirements, also play a crucial role in determining your eligibility for the grant.
Benefits of the Scheme
With respect to the benefits of the CPF Housing Grant Scheme, there are significant advantages that can make a difference in your home-buying journey. One of the main advantages is the grant’s financial assistance, which can lower the initial cost of buying a flat. This support can make it easier for you to afford a home and achieve your dream of homeownership. Additionally, the scheme helps to promote social mobility by providing a stepping stone for first-time buyers to enter the property market.
Overview: The CPF Housing Grant Scheme is a vital tool in assisting first-time buyers to overcome financial barriers and secure their first home. The scheme not only provides financial support but also encourages homeownership among Singaporeans, contributing to the stability and growth of the property market.
Housing: It’s crucial to understand the ins and outs of the CPF Housing Grant Scheme to make informed decisions when purchasing your first home. By meeting the eligibility criteria and leveraging the benefits of the scheme, you can take a significant step towards owning a property in Singapore.
Types of Flats Eligible for CPF Housing Grant
Any citizen of Singapore looking to purchase a home with the help of the CPF Housing Grant should be aware of the types of properties that are allowed under the scheme. Here is a breakdown of the flats you can consider:
| New Flats from HDB | Resale Flats from HDB |
| Executive Condominiums (ECs) |
It is crucial to understand the eligibility criteria and guidelines set by the CPF Housing Grant scheme when choosing the right type of property.
New Flats from HDB
Housing new flats from the Housing Development Board (HDB) is a popular choice for first-time homebuyers. These flats are brand new and come with a 99-year lease. They are generally more affordable compared to private properties and condominiums. Additionally, new flats from HDB are often located in well-established residential areas with access to amenities such as schools, parks, and public transportation.
When considering a new flat from HDB, you can benefit from the CPF Housing Grant, which can help to offset the purchase price. The grant amount depends on your income level and whether you are a first-time buyer. It’s necessary to assess your financial situation carefully and determine if a new flat from HDB is the right choice for you.
If you decide to purchase a new flat from HDB, you will have the opportunity to customise the flat according to your preferences. This can include selecting the layout, finishes, and fittings to create a home that truly reflects your style and needs.
Resale Flats from HDB
Housing resale flats from HDB is another option available under the CPF Housing Grant scheme. These flats are previously owned and may vary in terms of age, condition, and location. Resale flats offer a wider range of choices in terms of size and design compared to new flats from HDB. They are suitable for buyers who prefer a more mature estate or specific location.
When purchasing a resale flat from HDB, you can apply for the CPF Housing Grant to help with the costs. The grant amount will depend on your eligibility criteria, such as household income and citizenship status. It’s crucial to conduct thorough research and inspections when considering a resale flat to ensure that it fits your requirements and budget.
From the flexibility of customisation to a wider selection of locations, resale flats from HDB offer unique advantages that may appeal to different homebuyers. Whether you choose a new flat or a resale flat, it’s necessary to weigh the pros and cons carefully before making a decision.
Understanding Executive Condominiums (ECs)
Executive Condominiums (ECs) are another type of property eligible under the CPF Housing Grant scheme. ECs are a hybrid of public and private housing, offering facilities similar to private condominiums. They are suitable for buyers looking for a more upscale living environment with additional amenities such as swimming pools, gyms, and security services.
HDB Flat Types
After understanding the basics of the CPF Housing Grant Scheme, it’s crucial to know the types of flats that are eligible for the grant. You have a range of options to choose from, each catering to different needs and preferences. Here are the main flat types allowed under the scheme:
- 2-Room Flexi Flats
- 3-Room Flats
- 4-Room Flats
- 5-Room Flats
- 3-Generation Flats
| 2-Room Flexi Flats | 3-Room Flats |
| 4-Room Flats | 5-Room Flats |
| 3-Generation Flats |
2-Room Flexi Flats
Flexi flats are designed for singles or couples who desire a smaller living space. These flats usually consist of a bedroom, bathroom, kitchen, and a living area. They are perfect for those looking for a cosy and affordable home without compromising on necessary amenities.
One of the significant benefits of a 2-Room Flexi Flat is the flexibility in lease options. You have the choice to select a lease term based on your preferences, which can range from 15 to 45 years. This flexibility allows you to customise the flat’s lease duration according to your needs.
Moreover, these flats are strategically located within HDB estates, offering easy access to amenities such as public transport, schools, and shopping centres. They provide a convenient and comfortable living experience for residents.
3-Room Flats
On the other hand, 3-Room Flats are ideal for small families or individuals who require additional space compared to a 2-Room Flexi Flat. These flats typically consist of two bedrooms, a living room, a kitchen, and one or two bathrooms. They offer more room for families to grow and enjoy a comfortable living environment.
With a 3-Room Flat, you have the flexibility to personalise your space according to your preferences. You can decorate the additional bedroom as a study, guest room, or even a nursery, depending on your needs. This versatility makes these flats appealing to various households.
Moreover, 3-Room Flats are often located in well-established HDB estates with access to amenities like parks, recreational facilities, and community centres. This ensures that residents have everything they need within reach for a convenient lifestyle.
After exploring the options for 3-Room Flats, you’ll find that they offer a perfect balance of space and affordability. These flats cater to small to medium-sized families who are looking for a comfortable home within a reasonable budget.
Executive Condominiums (ECs)
For those considering purchasing a property under the CPF Housing Grant Scheme, Executive Condominiums (ECs) are a popular choice. ECs are a unique hybrid of public and private housing, offering the benefits of private condominium living at a more affordable price point. Private developers create and market these properties, but they are subject to the government’s set eligibility requirements.
What are ECs?
Executive Condominiums are similar to private condominiums in terms of facilities and design, offering amenities such as swimming pools, gyms, and security services. However, there is a minimum occupation period (MOP) of five years before owners can sell their EC unit in the open market. After the MOP is fulfilled, ECs are considered fully privatised. This makes ECs an attractive option for young couples or families looking for a comfortable living environment with long-term ownership potential.
Benefits of ECs
An important benefit of purchasing an Executive Condominium is the eligibility for CPF Housing Grants, subject to meeting certain criteria. These grants can significantly reduce the initial financial burden of buying a home, making ECs a more accessible option for first-time buyers. Additionally, ECs often offer a good balance of affordability and luxury, with modern facilities and well-designed living spaces for residents to enjoy.
For instance, many Executive Condominium developments are strategically located near amenities such as schools, shopping centres, and public transport nodes, enhancing the overall quality of life for residents. This makes ECs a practical choice for those seeking convenience and comfort in their living environment.
Eligibility for ECs
The eligibility requirements set forth by the government are what distinguish executive condominiums. To purchase an EC, you must be a Singaporean citizen, at least 21 years old, and form a family nucleus with another Singaporean or Permanent Resident. There are also income ceilings in place to ensure that ECs remain affordable to the target demographic. These criteria help to regulate the market and ensure that ECs serve their intended purpose of providing quality housing to Singaporean families.
Benefits If you meet the eligibility requirements and are considering purchasing a home, an Executive Condominium could be an excellent choice for you. With a blend of private and public housing benefits, CPF Housing Grants, and a range of amenities, ECs offer a compelling option for those looking to establish a secure and comfortable living environment.
Resale Flats from HDB
What are Resale Flats?
For those considering purchasing a home under the CPF Housing Grant Scheme, resale flats from HDB are an option worth exploring. Resale flats are properties that have been previously owned and occupied, making them different from BTO (Built-To-Order) flats. These properties vary in age, size, location, and condition, offering a wide range of choices to suit different preferences and budgets. The resale market provides an opportunity for you to choose from a diverse selection of homes across various estates in Singapore.
Benefits of Resale Flats
Flats that are available for resale under the CPF Housing Grant Scheme offer several advantages. One of the key benefits is the immediate availability of these properties, allowing you to move in sooner compared to the waiting time required for BTO flats. Additionally, choosing a resale flat enables you to inspect the actual unit before making a decision, giving you a better sense of the property’s condition and surroundings. The diversity of choices in the resale market also means that you can find a home that meets your specific requirements more easily.
Flats available for resale often come with existing amenities and established communities, providing you with convenience and a sense of neighbourhood from day one. The resale flats may already have renovations or furnishings done, which can save you time and effort in setting up your new home. Furthermore, choosing a resale flat allows you to select a property in a location that is well-connected to important facilities such as schools, shopping centres, and public transport.
Eligibility for Resale Flats
To be eligible to purchase a resale flat under the CPF Housing Grant Scheme, you must meet certain criteria. This includes being a Singapore citizen, at least 21 years old, and forming a family nucleus with another Singaporean or Permanent Resident. Additionally, there are income ceilings that determine the maximum combined income allowed for eligibility. The scheme also offers various grants to assist first-time buyers in purchasing resale flats, making it a viable option for those looking to own a property.
To qualify for the CPF Housing Grant when purchasing a resale flat, you need to fulfil specific conditions related to income, citizenship, and ownership of other properties. This financial assistance aims to support eligible buyers in financing their home purchase and making homeownership more affordable. By understanding the eligibility requirements and grant options available, you can make an informed decision when choosing a resale flat as your new home.
Flat Selection Criteria
All decisions regarding choosing the right flat under the CPF Housing Grant Scheme should be carefully considered. Let’s break down the necessary criteria you should consider to make the best choice.
Location
With the CPF Housing Grant Scheme in mind, your ideal location for a flat should be based on factors such as proximity to necessary amenities like schools, public transport, and healthcare facilities. You should also consider the potential for future development in the area, as this could affect the value of your investment. Before making a decision, you should research the neighbourhood and visit it during different times of the day to get a feel for the environment.
Size and Layout
An important consideration when selecting your flat is the size and layout that will suit your needs. You should assess whether the space is sufficient for your current lifestyle and if it can accommodate any future changes, such as a growing family. Ensure that the layout of the flat is practical and meets your preferences, such as having enough natural light or privacy in certain areas.
Plus, remember that the size and layout of a flat can also impact its resale value. A well-designed and spacious flat is likely to attract more buyers in the future, providing you with an added advantage when you decide to sell your property.
Age and Condition
One critical factor you should consider when selecting a flat under the CPF Housing Grant Scheme is its age and condition. You should assess whether any renovations or repairs are needed and factor in the additional costs associated with them. Older flats may require more maintenance, so you need to weigh the cost of upkeep against the initial purchase price.
Ultimately, the age and condition of the flat can affect its long-term value and your overall living experience. You should conduct a thorough inspection of the property and consider seeking professional advice if you have any doubts about its condition.
Budgeting for Your Flat
CPF Housing Grant Amount
Not everything stays the same when it comes to CPF Housing Grant amount. The amount you receive can vary based on the type of flat you choose and your eligibility. It’s imperative to research and understand the different grant amounts available to make an informed decision.
The CPF Housing Grant amount can significantly impact your budget for purchasing a flat. Make sure to factor this grant amount into your calculations to determine how much you can afford to spend. Understanding the grant amount can help you narrow down your options and choose a flat that fits within your budget.
Receiving a CPF Housing Grant can make a substantial difference in your ability to afford a flat. By carefully considering the grant amount and your budget, you can make a more informed decision and choose a flat that meets your needs.
Other Costs to Consider
To ensure you budget effectively for your flat purchase, it’s imperative to consider other costs besides the property price. These costs may include stamp duties, legal fees, valuation fees, and renovation expenses. By accounting for these additional costs, you can avoid any financial surprises down the line.
Consider seeking advice from a financial advisor or real estate expert to get a comprehensive understanding of all the other costs involved in buying a flat. Their expertise can help you create a more accurate budget and avoid any unexpected expenses during the purchasing process.
Another key cost to consider is the maintenance and monthly expenses of owning a flat. From utilities to maintenance fees, it’s important to factor in these ongoing costs when budgeting for your new home. This will help you determine the total cost of homeownership and ensure you can afford to maintain the property over time.
Budgeting Tips
Budgeting for your flat purchase can be a challenging task, but with the right approach, you can manage your finances effectively. Here are some budgeting tips to help you navigate the process:
- Set a realistic budget based on your income and expenses.
- Track your spending to identify areas where you can cut back.
- Save for unexpected costs to avoid financial strain in the future.
When budgeting for your flat, it’s imperative to be disciplined and stick to your financial plan. By following these budgeting tips, you can ensure that you stay within your budget and make informed decisions about your flat purchase. The key is to be aware of your financial capabilities and plan accordingly.
Application Process for CPF Housing Grant
Unlike other housing grants, the application process for CPF Housing Grant is relatively straightforward. Below is a Step-by-Step Guide to help you navigate through the process smoothly:
| Step 1 | Check your eligibility and the type of CPF Housing Grant you qualify for. |
| Step 2 | Submit your grant application online through the HDB website. |
| Step 3 | Wait for the approval notification from HDB. |
Required Documents
Housing grants require certain documents to process your application. Here’s what you need to prepare:
| Document 1 | Identification documents such as NRIC or passport. |
| Document 2 | Income documents like payslips or CPF statements. |
| Document 3 | Property documents include Option to Purchase (OTP) or Sales & Purchase Agreement. |
Be prepared to provide any additional information that HDB requests in support of your grant application in addition to the previously mentioned documents.
Grant Application Timeline
Grant application timelines are crucial to ensuring your application progresses smoothly. Here is an overview of the timeline:
| Step 1 | Application submission and document verification. |
| Step 2 | Assessment and approval process by HDB. |
| Step 3 | Issuance of the grant approval letter. |
One critical thing to remember is to adhere to the timelines specified by HDB to prevent any delays in your grant application process.
Common Mistakes to Avoid
Ineligible Flat Types
Now, when it comes to applying for the CPF Housing Grant Scheme, there are certain flat types that are considered ineligible. It’s crucial to be aware of these to avoid any disappointments or delays in your application process.
- Executive Condominiums (ECs)
- Short-lease flats with less than 60 years
- HUDC flats
- Converted flats
- Joint Singles Scheme flats
Though these types of properties may be appealing for various reasons, they are not eligible under the CPF Housing Grant Scheme. Make sure to steer clear of them to ensure your application is valid and processed smoothly.
Insufficient Funds
Now, one of the most critical mistakes to avoid when applying for the CPF Housing Grant Scheme is having insufficient funds. This can lead to delays or even rejection of your application.
With the high costs of housing in Singapore, it’s necessary to have a clear understanding of your financial situation and ensure you have enough funds to cover the initial costs of purchasing a property.
With proper financial planning and budgeting, you can avoid this common pitfall and increase your chances of a successful application for the CPF Housing Grant Scheme.
Missing Documents
The last thing you want when applying for the CPF Housing Grant Scheme is to have missing documents. This can cause unnecessary delays and frustrations in the application process.
Ensuring you have all the required documents, such as proof of income, NRIC, and other necessary paperwork, is crucial for a smooth application process. Missing even one document can hold up your application’s progress significantly.
Flat out, make sure to double-check all your documents before submitting your application to avoid any setbacks in the processing of your CPF Housing Grant Scheme application.
Special Considerations for First-Time Applicants
Many first-time applicants may qualify for additional subsidies to help make purchasing their first home more affordable.
Additional Subsidies
Considerations must be made for various factors, such as your income level, marital status, and whether you are purchasing a resale flat. Depending on these factors, you could be eligible for additional help, such as the Enhanced CPF Housing Grant or the Family Grant. These subsidies can significantly reduce the financial burden of buying your first home.
Priority Schemes
Applicants under the CPF Housing Grant Scheme can also benefit from priority schemes that cater specifically to first-time buyers. By applying for these priority schemes, you may have an increased chance of securing a flat in a desirable location or at a lower price point. Some of these schemes include the Married Child Priority Scheme and the Parenthood Priority Scheme, which aim to assist young couples or families in finding suitable housing options.
Applicants applying for these priority schemes must meet certain criteria, such as being first-time buyers, having Malaysian citizenship, or intending to live with or near their parents. Schemes like the Multi-Generation Priority Scheme also exist to encourage families to live in the same housing estate, promoting familial bonds and support networks within the community.
Support for First-Time Applicants
With various support systems in place, first-time applicants can feel assured that they have access to resources to help them navigate the complexities of purchasing their first home.
With ongoing updates and improvements to the CPF Housing Grant Scheme, applicants can stay informed about the latest opportunities and subsidies available to them. Whether you are a single applicant or part of a young family looking to buy your first home, there are tailored schemes and subsidies designed to make your homeownership journey smoother and more affordable.
Special Considerations for Second-Time Applicants
Once again, as a second-time applicant under the CPF Housing Grant Scheme, there are some special considerations you need to keep in mind. These considerations are important for you to make an informed decision when choosing the right type of flat for your needs.
Reduced Subsidies
For second-time applicants, it’s crucial to note that subsidies are reduced compared to first-time applicants. This means that you may not receive as much financial assistance towards the purchase of your flat. It’s vital to carefully assess your financial situation and budget to determine if you can afford the flat you have in mind.
Stricter Eligibility Criteria
The eligibility criteria are stricter for second-time applicants, making it more challenging to qualify for certain types of flats. For example, you may need to meet higher income ceilings or have a shorter lease remaining on your existing flat. It’s important to be aware of these criteria to avoid disappointment during the application process.
The stricter eligibility criteria aim to ensure that the CPF Housing Grant Scheme is allocated to those who truly need financial assistance. While these criteria may seem stringent, they are implemented to maintain the sustainability of the scheme and prevent abuse or misuse of government subsidies.
Alternative Options
To maximise your chances of approval as a second-time applicant, you may need to consider alternative options when choosing the type of flat. This could include looking at smaller flats, different locations, or exploring resale flats instead of new ones. By being open to these alternative options, you can increase your chances of finding a flat that meets your needs while still qualifying for the CPF Housing Grant.
On the flip side, exploring alternative options may also present you with new opportunities and benefits that you may not have considered before. By expanding your search criteria and being flexible in your choices, you may discover hidden gems that align better with your financial situation and preferences.
Comparison of Flat Types
Despite the various flat types available under the CPF Housing Grant Scheme, it’s important to compare them to make an informed decision. Here are the comparisons to help you choose the right one:
- HDB Flats: Affordable, lower resale value potential.
- ECs: Higher initial cost, potential for higher resale value.
- New Flats: Modern amenities, but limited location choices.
- Resale Flats: More location choices, but older properties.
- Conservation Flats: Unique architectural charm, but limited availability.
After reviewing the flat types, you can make a decision that suits your preferences and financial situation.
Types: HDB vs ECs
Types of properties under the CPF Housing Grant Scheme include HDB flats and Executive Condominiums (ECs). HDB flats are typically more affordable and have lower resale value potential compared to ECs, which come with a higher initial cost but offer the potential for higher resale value. Both options have their pros and cons, so it’s crucial to consider your long-term goals and financial capabilities before making a choice.
With New vs Resale Flats
With regards to choosing between new and resale flats, it boils down to your preference for modern amenities versus a wider range of location choices. For instance, new flats offer the latest facilities and designs but are limited in location choices. On the other hand, resale flats provide more location options but may lack some modern amenities. It’s important to weigh these factors based on your lifestyle and priorities when selecting your ideal home.
For instance, if you prefer a prime location and are willing to compromise on the age of the property, resale flats might be a better choice for you. On the other hand, if having modern amenities is a priority and you are flexible with the location, opting for a new flat could be the ideal option for your housing needs.
Pros and Cons of Each Option
| Pros | Cons |
| More location choices | Higher initial cost |
| Modern amenities | Limited resale value potential |
| Higher resale value potential | Limited location choices |
| Unique architectural charm (for Conservation Flats) | Limited availability |
Cons: It’s crucial to consider factors such as budget, location preferences, and long-term goals before deciding on the type of flat that best suits your needs. Whether you choose an HDB flat, EC, new, or resale flat, each option has its pros and cons that should be carefully weighed to make an informed decision that aligns with your housing aspirations.
Frequently Asked Questions
General Enquiries
To address some of your general enquiries regarding the CPF Housing Grant Scheme, let’s probe into the common queries. Can you apply for the grant if you already own a flat? Yes, you can, as long as you are looking to purchase a new flat to live in with your family. What happens if you sell the flat within five years of purchase? If you sell the flat within this timeframe, you may have to forfeit the grant, so ensure you understand the terms and conditions thoroughly. Can singles apply for the grant? Yes, singles can apply, but do take note of the specific criteria they need to meet.
Eligibility and Application
On eligibility and the application process for the CPF Housing Grant Scheme, there are specific criteria you need to meet. To qualify, you must be a first-time buyer and have a household income below a certain level. Furthermore, you must not have received the grant before to be eligible for a new application. An important point to note is that the grant amount varies based on your income level and whether you are buying a new or resale flat.
A vital step is to submit all required documents accurately and on time to avoid any delays in the application process. Ensure you meet all the eligibility requirements and provide the necessary paperwork to support your application. If you have any doubts about your eligibility, it’s advisable to seek clarification from the relevant authorities before proceeding with your application.
Post-Application Process
It is vital to know what to expect after you have submitted your application for the CPF Housing Grant Scheme. Once your application is approved, you will receive a Letter of Offer detailing the grant amount and conditions. Review this letter carefully to understand your obligations and ensure compliance with the terms specified. Bear in mind, you must accept the offer within the stipulated timeframe to proceed with the grant disbursement.
Process: After accepting the offer, follow the instructions provided to complete any additional requirements for the grant. Make sure to adhere to the guidelines and deadlines to avoid any issues with the disbursement of the grant. Stay informed throughout the process and seek assistance if needed to ensure a smooth transaction.
Final Words
To wrap up, when considering the types of flats allowed under the CPF Housing Grant Scheme, it is crucial to weigh the pros and cons carefully. Note, the resale flat gives you more choices in terms of location and size, but it may come with a higher price tag. On the other hand, the new BTO flat provides a brand-new living space at a more affordable price, but you may have to wait longer for it to be ready. Ultimately, the decision should align with your long-term goals and financial capabilities.
Additionally, depending on your eligibility and preferences, you can explore the various grants available, such as the Enhanced CPF Housing Grant and the Proximity Housing Grant, to maximise your benefits. Keep in mind that choosing the right type of flat under the CPF Housing Grant Scheme is a significant decision that will impact your quality of life and financial well-being for years to come. Therefore, do your research, seek advice from professionals, and make an informed choice that suits your needs best.
Lastly, the CPF Housing Grant Scheme offers a valuable opportunity for you to secure your dream home with financial assistance from the government. By understanding the different types of flats allowed under the scheme and selecting the one that fits your requirements, you can begin your homeownership journey with confidence. Note, your home is more than just a place to live; it is a long-term investment in your future and well-being. So, choose wisely and enjoy the process of finding the perfect home for you and your family.
FAQ
Q: What is the CPF Housing Grant Scheme?
A: The CPF Housing Grant Scheme is a government initiative in Singapore that provides financial assistance to eligible buyers purchasing HDB flats.
Q: What are the types of flats allowed under the CPF Housing Grant Scheme?
A: The types of flats allowed under the CPF Housing Grant Scheme include new and resale HDB flats, as well as executive condominiums.
Q: How do I choose the right type of flat under the CPF Housing Grant Scheme?
A: When choosing the right type of flat under the CPF Housing Grant Scheme, consider factors such as your budget, location preferences, and eligibility criteria for the different types of flats.
Q: Can I apply for the CPF Housing Grant Scheme if I am a first-time buyer?
A: Yes, first-time buyers are eligible to apply for the CPF Housing Grant Scheme, subject to meeting the eligibility criteria set by HDB.
Q: Are there any restrictions on the use of the CPF Housing Grant?
A: The CPF Housing Grant can only be used for the purchase of the flat and cannot be used for other purposes such as renovation or investments.
