[NETWORKING SERIES] 12 March 2020 (2.00pm - 5.00pm)

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[CPF] Enhanced CPF Housing Grant for First-Timers and Higher Income Ceilings

Dear Members

Yesterday, MND and HDB announced various measures to make public housing more affordable and accessible for Singaporeans.  The measures will help more Singaporeans from lower to upper-middle income households buy their first homes and start a family.

The measures include:

Enhanced CPF Housing Grant

MND and HDB introduced a new Enhanced CPF Housing Grant (EHG) to replace the Additional CPF Housing Grant (AHG) and Special CPF Housing Grant (SHG). The EHG is made available to eligible first-timer home seekers, regardless of whether they purchase a new or resale flat. There are also no restrictions on their choice of flat type and location.

Eligible first-timer families with a monthly income of up to $9,000 can enjoy an EHG of up to $80,000, 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 also 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 95. The pro-ration of the EHG takes reference from the pro-ration used for CPF usage and HDB housing loan financing, as announced in May 2019.

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.

Higher Income Ceiling
The monthly household income ceiling has been increased from $12,000 to $14,000 for eligible families to:

a) Buy a flat from HDB;
b) Buy a resale flat on the open market with a CPF Housing Grant; and
c) Get an HDB housing loan for the purchase of a new or resale flat.

The monthly household income ceiling for eligible first-timer singles aged 35 and above has been raised from $6,000 to $7,000.

MND and HDB has also raised the monthly household income ceiling from $14,000 to $16,000 for citizen households to buy an Executive Condominium (EC) unit from property developer.

The EHG and revised income ceilings apply to resale flat applications submitted to HDB on or after 11 September 2019.  For more details, you may refer to the press release.


[CPF] Changes to CPF Rules Governing Use of CPF for Property Purchases

Dear Members

With reference to the joint press release by the Ministry of National Development (MND) and Ministry of Manpower (MOM) on 9 May 2019 announcing changes to CPF rules governing the use of CPF for property purchases. The changes took effect on 10 May 2019.

The changes to CPF rules provide greater flexibility for Singaporeans to purchase a home, while safeguarding their retirement adequacy. To help the estate agency industry better understand the changes, please CLICK HERE for the circular, which provides a comparison of the past and revised rules, infographics of the changes, and a table showing the maximum CPF usage based on the valuation limit:

For enquiries, please contact CPF Board at:

Private Housing         :   6202 2053 or private-housing@cpf.gov.sg
Public Housing – Bank Loan      :   6202 2052 or public-housing-bankloan@cpf.gov.sg
Public Housing – HDB Loan       :   6202 2051 or public-housing@cpf.gov.sg