21 Feb '17, 6am

CPF Grant,previously capped at $30,000,has been raised to $50,000 for those who buy 4rm HDB resale flats or smaller.

CPF Grant,previously capped at $30,000,has been raised to $50,000 for those who buy 4rm HDB resale flats or smaller.

First-timer couples who need a resale Housing Board flat will get more subsidies to do so, Finance Minister Heng Swee Keat announced in his Budget statement on Monday (Feb 20). 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", he said. The AHG gives applicants up to $40,000, depending on their income, while the PHG provides up to a further $20,000 for those who live near their parents. The measure will cost the Government an additional $110 million a year. Mr Heng said that while most couples apply for highly subsidised Build-to-Order flats, some have to turn to the resale market. "For others, a resale flat may better meet their needs. Some may wish to l...

Full article: https://www.srx.com.sg/singapore-property-news/32982/sing...

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