Whether you’re getting a Build-To-Order (BTO) or a resale flat, there are different housing grants available in Singapore to help you on this big-ticket item purchase.
After deducting these grants, you may opt to pay off the rest of the amount either through a Housing Development Board (HDB) loan or a bank loan.
We have consolidated the different types of grants available for you here:
For those getting a BTO, there are two grants you should note: the Additional CPF Housing Grant (AHG) and the Special CPF housing grant (SHG).
If both of you are first-time applicants, you can claim up to $80,000 to offset the purchase of your new BTO, with a cap of $40,000 of AHG and SHG each depending on your household income.
If either you or your partner is a second-time applicant, you can claim up to $20,000 in AHG and SHG respectively. The same applies if one of you applying is a non-citizen.
If you’re a first-timer Singaporean citizen aged 35 years or above, and you’re applying alone, you may still enjoy up to $40,000 in AHG and SHG combined.
First-time applicants can enjoy up to $120,000 from three types of grants: AHG, the Proximity Housing Grant (PHG) and the Family Grant. Depending on your household income and the type of flat you’re buying (lesser grants for 5-room flats), you may claim up to $40,000, $30,000 and $50,000 respectively.
If either you or your partner are a second-time applicant, you can apply for up to $25,000 of Half-Housing Grant or the Top-Up Grant on top of up to $20,000 of AHG. You’ll similarly be able to claim up to a combined total of $45,000 if you’re applying with a non-citizen spouse, except that the two schemes considered will be AHG and the Singles Grant.
If you are a single citizen applicant, you may claim up to $60,000 across three types of grants - $25,000 of Singles Grant, $20,000 of AHG and $15,000 of PHG if you’re living near your parents.
Not sure whether a BTO or a resale flat is a better option for you? Read our tips here to help you make your choice! And if you’re still confused as to whether to get a HDB or bank loan, learn about the pros and cons of both here.
The MyHome planning tool allows you to assess your property budget and affordability, and potential changes to your monthly cashflow.
Start planning
Inspired by the word “navigate”, NAV is an initiative by DBS & POSB created to help you navigate your finances, your way. Whatever your financial goals are in life, no matter what situation you are in, we’re here to help you on your financial journey.
Speak to the Wealth Planning Manager today for a financial health check and how you can better plan your finances.
Let's Meet
Alternatively, check out NAV Planner to analyse your real-time financial health. The best part is, it’s fuss-free – we automatically work out your money flows and provide money tips.
Log in Now
Help & Support Portal
Phone - 1800 111 1111
Get In Touch with Us
