Successful First-timer Applicants Receiving CPF Housing Grants in Last Three Years

Mr Gan Thiam Poh asked 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 (i) flat type, specifically BTO and resale HDB flats, (ii) type of grant received, (iii) quantum of grant received in multiples of $10,000 and (iv) 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.

First-timer households purchasing a new flat from the Housing and Development Board (HDB) enjoy a subsidised flat price, and may receive up to $80,000 in housing grants, comprising the Special Central Provident Fund (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 July 2015 to June 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 Tabel 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).