Written answer by Ministry of National Development on data on housing grants disbursed after revision of Enhanced CPF Housing Grant amount for first-timer home buyers

Jan 8, 2025

Question No: 7022

Question by: Mr Chua Kheng Wee Louis

To ask the Minister for National Development since the revision of the maximum amount of Enhanced CPF Housing Grant for first-timer buyers of HDB flats, what has been (i) the increase in total housing grants disbursed and (ii) the increase in housing grants per HDB flat across BTO flats and resale flats, as compared to the same had the quantum not been revised.

Answer:

In Sep 2019, the Enhanced CPF Housing Grant (EHG) was introduced as a means-tested grant to provide additional support for lower-to-middle income first-timer households buying new or resale flats. On 20 Aug 2024, the EHG was increased to a maximum of $120,000 for families and $60,000 for singles, with higher increases for lower-income households.

For BTO flats, HDB disburses the EHG before eligible buyers sign the Agreement for Lease for their booked unit, so that they can use the EHG for downpayment. The first BTO exercise after the EHG enhancement was in Oct 2024, for which flat booking has yet to commence. As such, there is no data at this juncture on the EHG disbursed for BTO flats under the enhanced EHG framework.

For resale flats, the total increase in EHG disbursement for resale applications registered from 20 Aug 2024 to 30 Nov 2024 is about $12 million. On a per flat basis, the EHG increase ranged from $2,500 to $40,000 for households with household incomes below $8,000.