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REVISED
CPF HOUSING GRANT SCHEME |
To help lower-income families become homeowners,
the Government introduced the Additional CPF Housing Grant (AHG) Scheme on 3
Mar 2006. The AHG has provided lower-income families with an additional
housing subsidy of between $5,000 and $20,000 to buy their first HDB flat,
which may be a new HDB flat or a resale unit. As at 31 Jul 2007, about 3,300
lower-income families have benefited from the AHG.
2 As announced by the Prime Minister at
his National Day Rally speech on 19 Aug 2007, the Additional CPF Housing
Grant (AHG) Scheme would be enhanced to provide more subsidy to lower-income
families to help them buy their first HDB flat.
3 The enhanced AHG Scheme will take effect
from 24 Aug 07. The income ceiling for AHG will be raised from $3,000 to
$4,000, whilst the maximum grant will be raised from $20,000 to $30,000. The
details of revised grant are as follows:
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$1,500 or less
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$20,000
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$30,000
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$1,501 - $2,000
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$15,000
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$25,000
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$2,001 - $2,500
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$10,000
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$20,000
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$2,501 - $3,000
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$5,000
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$15,000
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$3,001 - $3,500
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-
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$10,000
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$3,501 - $4,000
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-
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$5,000
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4 The enhanced scheme is expected to
benefit an additional 1,300 first-timer households annually, bringing the
total number of benefiting households to an estimated 4,000 per year.
5 As with the existing scheme, at least
one of the flat buyers must have worked continuously for a minimum of two
years when they apply to buy the flat. Upon the sale of the flat, the AHG
will have to be reinstated to the recipient’s CPF account, in accordance
with prevailing CPF rules.
6 The revised AHG will be effective from
24 Aug 2007. It will be applicable for the purchase of flats as follows:
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Purchase of New Flats
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Booking of Flats on or after 24
Aug 07 |
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Purchase of Resale Flats
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Resale Application received by
HDB on or after 24 Aug 07 |
7 For enquiries, the public can call the
following toll free lines :
(a) Sales/Resale Customer Service Line : 1800 8663 066
(b) SERS Enquiry Line : 1800 8663 070
(c) Branch Office Service Line : 1800 2255 432
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