Ultimate Guide To HDB Grants | BTO and Resale
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- เผยแพร่เมื่อ 19 มิ.ย. 2024
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0:00 - Intro
0:27 - Enhanced CPF Housing Grant
3:14 - Homer AI by Ohmyhome
4:43 - CPF Housing Grant for Resale Flats
6:27 - Proximity Housing Grant
7:25 - Step Up Grant
8:26 - Citizen Top-Up Grant
9:35 - FAQs
None of this is meant to be construed as investment advice. It's for entertainment purposes only. Links above include affiliate commission or referrals. I'm part of an affiliate network and I receive compensation from partnering websites.
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Advice for those asking whether to take grants or not. Just take whatever grants you can while you can, you might not be able to take grants next time due to exceeding income ceiling or gahmen rule change. Free money don't take is kumgong.
Hi Kelvin, Thanks for this. very helpful. Can i ask for resale grant ceiling income of $14k is after CPf (20%) or before CPF? also also does it include bonus ? Thank you.
like tat bo hua for those dont have AWS but have those AWS injected into monthly, 12th mth vs 12th mth + AWS
excellent video. thank you for spoon feeding us.
If buy with family but the they are PR not entitled to any grant right?
Thanks for Sharing
Your example on the Enhanced CPF housing grand - is not average of combined income for couples? i.e. 3.5k in your example?
Yes, the Enhanced CPF Housing Grant (EHG) for couples is base on average monthly household income
HOMER is not bad, quite easy to use
Question for EHG. Will the grant amount be based on average/lowest or highest income during the 12 month assessment at what point of purchasing a BTO? During flat application? (Pre ballot), during flat selection, during downpayment or before key collection?
The Enhanced CPF Housing Grant (EHG) amount is determined based on the average monthly household income over the past 12 months at the point of flat application. This means that the income assessment is done when you apply for the flat, not during the flat selection, downpayment, or before key collection. The grant amount ranges from $5,000 to $80,000, depending on the household income. It's important to note that the income cannot exceed $9,000 per month to qualify for the EHG.
An easier way would be to apply for HFE letter. The HDB Flat Eligibility (HFE) letter is a document that streamlines the assessment of your eligibility to buy an HDB flat, receive HDB grants, and take up an HDB housing loan.
Do for 35 yo and single leh...
Hi Kelvin, what are then the options for Singaporeans whose spouse is a foreigner and not PR?
For grants, you are eligible for. 1) Family Grant: If you are buying a resale flat from the open market to live with your spouse, you may be eligible for the Family Grant. The amount can range from S$25,000 to S$40,000 depending on the flat type and location. 2) Proximity Housing Grant (PHG): If you are buying a resale flat to live with or near your parents, you can also apply for the PHG. This grant provides S$30,000 if you are living with your parents and S$20,000 if you are living near them. 3) Enhanced CPF Housing Grant (EHG): This grant is available for both new and resale flats. The amount varies based on your income and can go up to S$40,000.
Hi Kelvin, is the monthly income inclusive of Employer's CPF contribution?
Not inclusive
I've got a question, not sure if anyone here faces the same situation or not.
Currently have a BTO Flat with my mother that has MOP-ed (both of us are listed as owners).
Then we decided to apply BTO for the Queenstown project which we had a good queue number for.
Also, my age is 31 if it matters.
In this case, what grant would my mother and I be eligible for? Cheers!
Based on the information provided, you and your mother are applying for a second BTO flat in Queenstown. Since this is your second BTO application, you would be considered as second-timers and would not be eligible for the first-timer grants such as the Enhanced CPF Housing Grant (EHG) and the Special CPF Housing Grant (SHG).
However, you may be eligible for the Proximity Housing Grant (PHG) if your new flat is within 4km of your parents' or married child's residential property. The PHG is $20,000 if you are living with your parents or $30,000 if you are living near your parents.
Please note that to be eligible for the PHG, you and your mother must not have received the PHG or the Higher-Tier CPF Housing Grant before. Also, you must dispose of your current BTO flat within 6 months of the completion of the purchase of the new BTO flat.
An easier way would be to apply for HFE letter. The HDB Flat Eligibility (HFE) letter is a document that streamlines the assessment of your eligibility to buy an HDB flat, receive HDB grants, and take up an HDB housing loan.
@@Ohmyhome Wow. Thanks a lot for the detailed response! Really appreciate it!
Buy house can look for Ohmyhome?
Yea can
wheres the link fror dollarandsense chart, btw?
Oops here u go dollarsandsense.sg/guide-housing-grants-first-timers/
PR-PR Couple can buy HDB? Any grants available for such a couple?
Can buy. No grant
A Permanent Resident (PR) couple can buy an HDB flat in Singapore, but they are limited to purchasing resale flats. They cannot buy a flat directly from HDB. Additionally, they have to wait for three years after obtaining their PR status before they can buy an HDB flat from the resale market. As for housing grants, PR couples are not eligible for the Enhanced CPF Housing Grant (EHG) or the Proximity Housing Grant (PHG) as these are only available to Singapore Citizen (SC) households. However, if one of the PRs subsequently obtains SC status, they may be eligible for these grants.
@@Ohmyhome can PR single buy flat in Singapore?
@@LeakyBucketsg Unfortunately, the answer is no. If you are a single Permanent Resident (PR), you are not allowed to purchase a new or resale HDB flat on your own.
The only way according to HDB, is to buy an HDB flat through two schemes: the HDB Public Scheme, which involves purchasing with a family unit like a spouse, children, siblings, or parents, or the Fiancé/Fiancée Scheme for engaged couples.
As a single PR, you may consider purchasing private property instead. Just note that ABSD is applicable - and there are different rates for PRs and foreigners
Can a person don't take the grant and use it the next time to buy BTO/Resell?
Can. But if your income goes up u might not qualify anymore
If you are buying a resale flat, you can opt to not take the CPF housing grants and keep only use it when you are buying the next resale flat. At the same time, if your next purchase is a BTO flat, you will be considered a first timer and not liable to pay the resale levy.
Could you make a video about how can malaysian invest in Singapore stocks and etc?
Isn’t it MEDIAN average income not combined income?
😢😢😢stunt like Vegetable
Wow what a useful vid