SINGAPORE: With effect from Friday, lower-income families will be getting more grants under the Additional CPF Housing Grant Scheme. The maximum grant has been raised from S$20,000 to S$30,000.
For example, those with an average household income of S$1,500 or less will get a CPF Housing Grant of S$30,000, instead of S$20,000.
The income ceiling for the scheme has also been raised from S$3,000 to S$4,000.
Previously, families earning S$3,001 to S$3,500 would not have qualified for a CPF Housing Grant.
But under the enhanced scheme, they will get S$10,000.
The enhanced scheme is expected to benefit an additional 1,300 first-timer households annually.
This brings the total number of households that benefit from the scheme to about 4,000 per year.
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 a flat.
For enquiries, the public can call the following toll free lines: 1800-8663-066, 1800-8663-070 or 1800-2255-432. - CNA/so
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