- Joined
- Jan 18, 2010
- Messages
- 7,177
- Points
- 48
That is because, only one citizen is needed to be eligible for full HDB subsidy.
Additional CPF Housing Grant
The Additional CPF Housing Grant (AHG) Scheme, introduced in March 2006, is meant to help citizen families with a steady household income to buy their first subsidised HDB flat. The AHG can be used for the purchase of new, resale and DBSS flats. It is an additional subsidy over and above the regular market subsidy and CPF Housing Grant that new and resale flat buyers enjoy respectively. The scheme was enhanced in August 2007, with the income ceiling and the grant amount raised - to help more households own their first flat.
On 6 February 2009, the AHG Scheme was further enhanced, to make owning an HDB home easier for more citizen households - especially the lower-income families.
The enhancements are as follows:
• Maximum AHG amount is increased from $30,000 to $40,000
• Income ceiling is raised from $4,000 to $5,000
• Continuous working period preceding the flat application is reduced from two years to one year
Eligible first-timers can use the AHG amount (up to $40,000) to offset the purchase price of a new HDB flat which are sold at subsidised prices, thereby reducing the loan a flat buyer needs.
DBSS flat buyers can apply for AHG as an additional subsidy over and above the prevailing $30,000/$40,000 CPF Housing Grant for Family.
Eligibility Conditions
The Additional CPF Housing Grant will only be given once to each eligible family. In addition to the current eligibility conditions to buy a new flat, you will have to meet the following eligibility conditions if you wish to apply for the AHG:
You are a Singapore Citizen. Your family nucleus must comprise of at least another Singapore Permanent Resident or Singapore Citiz