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SINGAPORE – From Wednesday (Sept 11), more first-time buyers will get higher grants and more flexibility to choose the size of their flat and where it is located.
The income ceiling for eligible buyers has also been raised for the first time since 2015.
Announcing these changes on Tuesday, Minister for National Development Lawrence Wong said they simplify the grant structure and increase affordability for first-time buyers.
The changes come on the back of Prime Minister Lee Hsien Loong’s National Day Rally speech last month, when he said his younger colleagues have “a few more ideas to support couples to have more kids, and to keep HDB flats affordable”.
Currently, there are three types of grants: the CPF Housing Grant of $50,000, the Additional CPF Housing Grant (AHG) of up to $40,000 and the Special CPF Housing Grant (SHG) of up to $40,000.
Those buying Build-to-Order flats may be eligible for the AHG and SHG, while those buying resale homes could get the CPF Housing Grant and the AHG.
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