Author: Brad Chen
•Sunday, March 08, 2009
Amount and Disbursement of CPF Housing Grant

Amount of CPF Housing Grant


For Purchase of Resale Flats Family Grant
$30,000

# For Purchase of Resale Flats near Parents/Married Child Family Grant
$40,000

# To qualify, you have to meet one of these proximity conditions:
(i) You are buying a flat in the same town as your parents'/married child's flat.
(ii) You are buying a flat within 2 km of your parents'/married child's flat, if they are in different towns.
(iii) You are buying a flat in the same town of a private residential property that is owned and occupied by your parents/married child.
(iv) You are buying a flat within 2 km of a private residential property that is owned and occupied by your parents/married child.
(v) You are buying a flat with your parents/married child included as the joint applicants or permitted occupiers.


Disbursement of Grant

The CPF Housing Grant is given only to a Singapore Citizen who is not an undischarged bankrupt.

Application for CPF Housing Grant
* Joint Applicants (husband & wife) who are both Singapore Citizens

Disbursement of Grant Amount
* Half of the full grant each

The Half-Housing Grant is only disbursed to the applicant (1st-timer) and not to the spouse who has previously enjoyed a housing subsidy.

Once the applicant has bought a flat with the CPF Housing Grant given to him, he is considered to have enjoyed a housing subsidy and is not allowed to return the grant to the Government on his own accord.
|
This entry was posted on Sunday, March 08, 2009 and is filed under . You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.

0 comments: