Written Answer by Ministry of National Development on first-timer applicants receiving CPF Housing Grants

Nov 20, 2018

Mr Gan Thiam Poh: To ask the Minister for National Development what is the total number of first-timer applicants who have been successful in receiving CPF Housing Grants in the last three years according to: 

(a) flat type, specifically BTO and resale HDB flats;

(b) type of grant received;

(c) quantum of grant received in multiples of $10,000; and

(d) purchase price of flat after grant, with a breakdown based on the price bands of $50,000 and below, $50,001 to $100,000 and above $100,000 in multiples of $100,000.

Answer:

First-timer households purchasing a new flat from HDB enjoy a subsidised flat price, and may receive up to $80,000 in housing grants, comprising the Special CPF Housing Grant and Additional CPF Housing Grant (AHG).  They may also receive up to $120,000 when purchasing a resale flat, comprising the CPF Housing Grant, AHG and Proximity Housing Grant.  Between Jul 2015 to Jun 2018, about 47,700 first-timer households received CPF housing grants for their flat purchase, as detailed in Table 1 below.

Housing grants are generally tiered by income so that more assistance is provided to lower-income households.  Refer to Table 2 below for the number of first-timer households receiving CPF housing grants, by grant quantum.

After factoring in housing grants, close to 80% of first-timer households paid $400,000 or less when purchasing a HDB flat, whether from HDB or the resale market (see Table 3 below).