Guide to: All BTO Housing Grants (2020) - Revision history

Dayana Rizal: Dayana Rizal moved page All BTO Housing Grants (2020) to Guide to: All BTO Housing Grants (2020)

2020-04-14T09:23:43Z

Dayana Rizal moved page All BTO Housing Grants (2020) to Guide to: All BTO Housing Grants (2020)

← Older revision	Revision as of 17:23, 14 April 2020
(No difference)

Dayana Rizal: /* For employed persons */

2020-03-18T06:22:35Z

For employed persons

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	*CPF Yearly Statement of Account for the current year and the immediate past year		*CPF Yearly Statement of Account for the current year and the immediate past year
	*CPF Contributions Statement such as [https://hdb.gov.sg/cs/Satellite?c=HDBImage&cid=1383797773779&pagename=InfoWEB%2FHDBImage%2FImageLayoutLink this one]		*CPF Contributions Statement such as [https://hdb.gov.sg/cs/Satellite?c=HDBImage&cid=1383797773779&pagename=InfoWEB%2FHDBImage%2FImageLayoutLink this one]
	*IRAS [https://www.iras.gov.sg/irashome/Businesses/Companies/Getting-the-Notice-of-Assessment-After-Filing/Requesting-a-Copy-of-The-Notice-of-Assessment--NOA--and-Other-Documents/ Notice of Assessment] (~~if applicable~~)		*IRAS [https://www.iras.gov.sg/irashome/Businesses/Companies/Getting-the-Notice-of-Assessment-After-Filing/Requesting-a-Copy-of-The-Notice-of-Assessment--NOA--and-Other-Documents/ Notice of Assessment] (for self-employed individuals)
	*Valid [https://www.acra.gov.sg/about-BizFile/ Business Profile] from Accounting and Corporate Regulatory Authority (ACRA) OR License of Trade (~~if applicable~~)		*Valid [https://www.acra.gov.sg/about-BizFile/ Business Profile] from Accounting and Corporate Regulatory Authority (ACRA) OR License of Trade (for self-employed individuals)

	===For students (with stipends)===		===For students (with stipends)===

Dayana Rizal at 08:49, 11 March 2020

2020-03-11T08:49:48Z

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	==References / Citations==		==References / Citations==
	<references />		<references />
			[[Category:Adulting Guides]]

Dayana Rizal at 03:01, 11 March 2020

2020-03-11T03:01:16Z

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	The following case study illustrates an unsuccessful SUHG application for a 2-room Flexi BTO.		The following case study illustrates an unsuccessful SUHG application for a 2-room Flexi BTO.

	====Case Study~~: Unsuccessful~~====		====Case Study====
	Mr and Mrs Ding are current owners of a 2-room flat in Punggol. They had bought the unit from HDB in 2012. They are interested in a 2-room Flexi BTO unit in Tampines. Mr Ding is a Permanent Resident while Mrs Ding is a Singapore Citizen and both have been working since July 2013.		Mr and Mrs Ding are current owners of a 2-room flat in Punggol. They had bought the unit from HDB in 2012. They are interested in a 2-room Flexi BTO unit in Tampines. Mr Ding is a Permanent Resident while Mrs Ding is a Singapore Citizen and both have been working since July 2013.
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	The following case study illustrates a successful SUHG application for a 3-room BTO.		The following case study illustrates a successful SUHG application for a 3-room BTO.

	====Case Study~~: Successful~~====		====Case Study====
	Mr and Mrs Wadiyah are current owners of a 2-room unit in Clementi. They bought the unit from HDB in 2001. They are interested in a 3-room BTO unit in Tengah. Both Mr and Mrs Wadiyah are Singapore citizens and have been working since June 2015.		Mr and Mrs Wadiyah are current owners of a 2-room unit in Clementi. They bought the unit from HDB in 2001. They are interested in a 3-room BTO unit in Tengah. Both Mr and Mrs Wadiyah are Singapore citizens and have been working since June 2015.
	{\| class="wikitable"		{\| class="wikitable"

Dayana Rizal at 03:00, 11 March 2020

2020-03-11T03:00:27Z

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	Since only Mrs Soon is a Singaporean Citizen, the disbursement of EHG will be fully credited to her CPF Ordinary Account. After their grant, they are paying $354,000 for their BTO. This is about 10 per cent less from the original value ($394,000).<ref>“[https://esales.hdb.gov.sg/bp25/launch/19nov/bto/19NOVBTO_page_7523/about0.html November 2019 Sales Launch]”. ''Housing Development Board.'' Accessed on 3 March 2020.</ref>		Since only Mrs Soon is a Singaporean Citizen, the disbursement of EHG will be fully credited to her CPF Ordinary Account. After their grant, they are paying $354,000 for their BTO. This is about 10 per cent less from the original value ($394,000).<ref>“[https://esales.hdb.gov.sg/bp25/launch/19nov/bto/19NOVBTO_page_7523/about0.html November 2019 Sales Launch]”. ''Housing Development Board.'' Accessed on 3 March 2020.</ref>

	=====Unsuccessful=====		====Unsuccessful====
	Mr and Mrs Raja are first-time flat buyers. Mr Raja is a Singapore Citizen whereas Mrs Raja is a Permanent Resident. They applied for a 3-room BTO in Punggol Point Cove in September 2019. Mr Raja started working full-time in July 2019 while Mrs Raja worked from January to April 2019. She has not been working since May 2019.		Mr and Mrs Raja are first-time flat buyers. Mr Raja is a Singapore Citizen whereas Mrs Raja is a Permanent Resident. They applied for a 3-room BTO in Punggol Point Cove in September 2019. Mr Raja started working full-time in July 2019 while Mrs Raja worked from January to April 2019. She has not been working since May 2019.
	{\| class="wikitable"		{\| class="wikitable"

Dayana Rizal: /* Applications */

2020-03-11T02:58:56Z

Applications

← Older revision		Revision as of 10:58, 11 March 2020
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	==Applications==		==Applications==
			The EHG and SUHG require the following income documents as proof of the individual's eligibility. Prepare and submit these during the flat booking appointment.<ref>"[https://hdb.gov.sg/cs/infoweb/residential/buying-a-flat/new/first-timer-applicants First-Timer Applicants]". ''Housing and Development Board.'' Accessed on 10 March 2020.</ref><ref>"[https://www.hdb.gov.sg/cs/infoweb/residential/buying-a-flat/new/schemes-and-grants/cpf-housing-grants-for-hdb-flats/second-timer-applicants Second-Timer Applicants]". ''Housing and Development Board''. Accessed on 10 March 2020.</ref>

	===For employed persons===		===For employed persons===
	The EHG and SUHG require the following income documents as proof of the individual's eligibility. Prepare and submit these during the flat booking appointment.<ref>"[https://hdb.gov.sg/cs/infoweb/residential/buying-a-flat/new/first-timer-applicants First-Timer Applicants]". ''Housing and Development Board.'' Accessed on 10 March 2020.</ref><ref>"[https://www.hdb.gov.sg/cs/infoweb/residential/buying-a-flat/new/schemes-and-grants/cpf-housing-grants-for-hdb-flats/second-timer-applicants Second-Timer Applicants]". ''Housing and Development Board''. Accessed on 10 March 2020.</ref>

	*[https://hdb.gov.sg/cs/infoweb/doc/ehg-form EHG Application Form]		*[https://hdb.gov.sg/cs/infoweb/doc/ehg-form EHG Application Form]

Dayana Rizal at 02:58, 11 March 2020

2020-03-11T02:58:12Z

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 The Built-To-Order (BTO) flat allocation scheme was first introduced in 2001.<ref>Chua, Chelsea. "[https://eresources.nlb.gov.sg/newspapers/Digitised/Article/today20010322-1.2.6?ST=1&AT=filter&K=BTO&KA=BTO&DF=&DT=&Display=0&AO=false&NPT=&L=&CTA=&NID=&CT=&WC=&YR=2001&QT=bto&oref=article Get ready for the where-when-what flats]". ''TODAY''. March 22, 2001. Accessed on 5 March 2020. Retrieved from NewspaperSG.</ref><ref>"Build-to-order HDB flats: 4 sites picked [ARTICLE]". ''The Straits Times''. April 15, 2001. Accessed on 5 March 2020. Retrieved from NewspaperSG.</ref> Since then, government-provided grants have kept BTOs more affordable for Singaporeans. This entry compiles the available grants for Singaporeans as of 2020. The '''<u>Enhanced CPF Housing Grants (EHG)</u>''' are for first-time flat buyers while the '''<u>Step-Up CPF Housing Grant (SUHG)</u>''' is for second-time buyers. These grants offset the initial selling price of BTO flats.
 ==Enhanced CPF Housing Grant (EHG) - Up to S$80,000==
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 |}
 Since both Mr and Mrs Wadiyah are Singapore Citizens, their CPF Ordinary Accounts will be accredited S$7,500 each.
 ==References / Citations==
 <references />

Dayana Rizal at 02:56, 11 March 2020

2020-03-11T02:56:47Z

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	Grant amounts will differ based on the applicant's gross monthly income. In short, the lower the gross monthly income, the higher the grant.		Grant amounts will differ based on the applicant's gross monthly income. In short, the lower the gross monthly income, the higher the grant.

	====Gross Monthly Income ($3,000 & below)====		====Gross Monthly Income: $3,000 & below====
	As an example, a household with a combined monthly income of <u>'''$1,900'''</u> qualifies for a <u>'''$75,000 EHG'''</u>. Meanwhile, another household with a combined monthly income of '''<u>$2,750</u>''' qualifies for a '''<u>$65,000 EHG</u>'''.		As an example, a household with a combined monthly income of <u>'''$1,900'''</u> qualifies for a <u>'''$75,000 EHG'''</u>. Meanwhile, another household with a combined monthly income of '''<u>$2,750</u>''' qualifies for a '''<u>$65,000 EHG</u>'''.
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	====Gross Monthly Income ($3,001 to $6,000)====		====Gross Monthly Income: $3,001 to $6,000====
	In this income bracket, a household with a combined monthly income of '''<u>$4,400</u>''' qualifies for a <u>'''$50,000 EHG'''</u>. On the other hand, a household with a higher combined monthly income of '''<u>$5,900</u>''' will only qualify for a '''<u>$35,000 EHG</u>'''.		In this income bracket, a household with a combined monthly income of '''<u>$4,400</u>''' qualifies for a <u>'''$50,000 EHG'''</u>. On the other hand, a household with a higher combined monthly income of '''<u>$5,900</u>''' will only qualify for a '''<u>$35,000 EHG</u>'''.
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	====Gross Monthly Income ($6,001 to $9,000)====		====Gross Monthly Income: $6,001 to $9,000====
	The lowest EHG amount an applicant can receive is $5,000.		The lowest EHG amount an applicant can receive is $5,000.
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	Grant amounts will differ based on the applicant's gross monthly income. In short, the lower the gross monthly income, the higher the grant.		Grant amounts will differ based on the applicant's gross monthly income. In short, the lower the gross monthly income, the higher the grant.

	====Gross Monthly Income (S$1,000 & below)====		====Gross Monthly Income: S$1,000 & below====
	As an example, an applicant with a gross monthly income of <u>'''$900'''</u> qualifies for a <u>'''$37,500 EHG'''</u>.		As an example, an applicant with a gross monthly income of <u>'''$900'''</u> qualifies for a <u>'''$37,500 EHG'''</u>.
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	====Gross Monthly Income ($1,001 to $3,000)====		====Gross Monthly Income: $1,001 to $3,000====
	In this income bracket, an applicant with a gross monthly income of '''<u>$1,900</u>''' qualifies for a <u>'''$27,500 EHG'''</u>. On the other hand, an applicant with a higher combined monthly income of '''<u>$2,800</u>''' will only qualify for a '''<u>$17,500 EHG</u>'''.		In this income bracket, an applicant with a gross monthly income of '''<u>$1,900</u>''' qualifies for a <u>'''$27,500 EHG'''</u>. On the other hand, an applicant with a higher combined monthly income of '''<u>$2,800</u>''' will only qualify for a '''<u>$17,500 EHG</u>'''.
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	====Gross Monthly Income ($3,001 to $4,500)====		====Gross Monthly Income: $3,001 to $4,500====
	The lowest EHG (for singles) amount an applicant can receive is $2,500.		The lowest EHG (for singles) amount an applicant can receive is $2,500.
	{\| class="wikitable"		{\| class="wikitable"

Dayana Rizal: /* Case Study A (Unsuccessful) */

2020-03-11T02:47:41Z

Case Study A (Unsuccessful)

← Older revision		Revision as of 10:47, 11 March 2020
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	==Applications==		==Applications==

	=== For employed persons ===		===For employed persons===
	The EHG and SUHG require the following income documents as proof of the individual's eligibility. Prepare and submit these during the flat booking appointment.<ref>"[https://hdb.gov.sg/cs/infoweb/residential/buying-a-flat/new/first-timer-applicants First-Timer Applicants]". ''Housing and Development Board.'' Accessed on 10 March 2020.</ref><ref>"[https://www.hdb.gov.sg/cs/infoweb/residential/buying-a-flat/new/schemes-and-grants/cpf-housing-grants-for-hdb-flats/second-timer-applicants Second-Timer Applicants]". ''Housing and Development Board''. Accessed on 10 March 2020.</ref>		The EHG and SUHG require the following income documents as proof of the individual's eligibility. Prepare and submit these during the flat booking appointment.<ref>"[https://hdb.gov.sg/cs/infoweb/residential/buying-a-flat/new/first-timer-applicants First-Timer Applicants]". ''Housing and Development Board.'' Accessed on 10 March 2020.</ref><ref>"[https://www.hdb.gov.sg/cs/infoweb/residential/buying-a-flat/new/schemes-and-grants/cpf-housing-grants-for-hdb-flats/second-timer-applicants Second-Timer Applicants]". ''Housing and Development Board''. Accessed on 10 March 2020.</ref>

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	*Valid [https://www.acra.gov.sg/about-BizFile/ Business Profile] from Accounting and Corporate Regulatory Authority (ACRA) OR License of Trade (if applicable)		*Valid [https://www.acra.gov.sg/about-BizFile/ Business Profile] from Accounting and Corporate Regulatory Authority (ACRA) OR License of Trade (if applicable)

	=== For students (with stipends) ===		===For students (with stipends)===
	Some full-time tertiary students conduct '''<u>research and teaching work</u>''' for the university while pursuing their studies. This kind of work warrants a stipend.<ref>"[https://hdb.gov.sg/cs/infoweb/residential/buying-a-flat/new/first-timer-applicants First-Timer Applicants]". ''Housing and Development Board.'' Accessed on 10 March 2020.</ref> Prepare and submit the following documents during the flat booking appointment.		Some full-time tertiary students conduct '''<u>research and teaching work</u>''' for the university while pursuing their studies. This kind of work warrants a stipend.<ref>"[https://hdb.gov.sg/cs/infoweb/residential/buying-a-flat/new/first-timer-applicants First-Timer Applicants]". ''Housing and Development Board.'' Accessed on 10 March 2020.</ref> Prepare and submit the following documents during the flat booking appointment.

	* A letter from the university/ education institution that includes (i) Duration of study and (ii) Nature of study		*A letter from the university/ education institution that includes (i) Duration of study and (ii) Nature of study
	* [A copy of] the signed contract between the student and institution awarding the stipend		*[A copy of] the signed contract between the student and institution awarding the stipend

	While such employed students can apply for BTO grants, they must still fulfil the other Terms & Conditions outlined below.		While such employed students can apply for BTO grants, they must still fulfil the other Terms & Conditions outlined below.
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	=== Case Studies ===		===Case Studies===
	The following case studies illustrate two scenarios depicting successful and unsuccessful EHG applications.		The following case studies illustrate two scenarios depicting successful and unsuccessful EHG applications.

	====~~Case Study A (~~Successful)====		====Successful====
	Mr and Mrs Soon are first-time flat buyers. Mrs Soon is a Singaporean Citizen whereas Mr Soon is a Permanent Resident. They applied for a 4-room BTO in Tampines Green Spring in November 2019. Mr Soon has been continuously working since July 2018 while Mrs Soon only worked from January to March 2019.		Mr and Mrs Soon are first-time flat buyers. Mrs Soon is a Singaporean Citizen whereas Mr Soon is a Permanent Resident. They applied for a 4-room BTO in Tampines Green Spring in November 2019. Mr Soon has been continuously working since July 2018 while Mrs Soon only worked from January to March 2019.
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	Since only Mrs Soon is a Singaporean Citizen, the disbursement of EHG will be fully credited to her CPF Ordinary Account. After their grant, they are paying $354,000 for their BTO. This is about 10 per cent less from the original value ($394,000).<ref>“[https://esales.hdb.gov.sg/bp25/launch/19nov/bto/19NOVBTO_page_7523/about0.html November 2019 Sales Launch]”. ''Housing Development Board.'' Accessed on 3 March 2020.</ref>		Since only Mrs Soon is a Singaporean Citizen, the disbursement of EHG will be fully credited to her CPF Ordinary Account. After their grant, they are paying $354,000 for their BTO. This is about 10 per cent less from the original value ($394,000).<ref>“[https://esales.hdb.gov.sg/bp25/launch/19nov/bto/19NOVBTO_page_7523/about0.html November 2019 Sales Launch]”. ''Housing Development Board.'' Accessed on 3 March 2020.</ref>

	=====~~Case Study B (~~Unsuccessful)=====		=====Unsuccessful=====
	Mr and Mrs Raja are first-time flat buyers. Mr Raja is a Singapore Citizen whereas Mrs Raja is a Permanent Resident. They applied for a 3-room BTO in Punggol Point Cove in September 2019. Mr Raja started working full-time in July 2019 while Mrs Raja worked from January to April 2019. She has not been working since May 2019.		Mr and Mrs Raja are first-time flat buyers. Mr Raja is a Singapore Citizen whereas Mrs Raja is a Permanent Resident. They applied for a 3-room BTO in Punggol Point Cove in September 2019. Mr Raja started working full-time in July 2019 while Mrs Raja worked from January to April 2019. She has not been working since May 2019.
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	The following case study illustrates an unsuccessful SUHG application for a 2-room Flexi BTO.		The following case study illustrates an unsuccessful SUHG application for a 2-room Flexi BTO.

	====Case Study ~~A (~~Unsuccessful)====		====Case Study: Unsuccessful====
	Mr and Mrs Ding are current owners of a 2-room flat in Punggol. They had bought the unit from HDB in 2012. They are interested in a 2-room Flexi BTO unit in Tampines. Mr Ding is a Permanent Resident while Mrs Ding is a Singapore Citizen and both have been working since July 2013.		Mr and Mrs Ding are current owners of a 2-room flat in Punggol. They had bought the unit from HDB in 2012. They are interested in a 2-room Flexi BTO unit in Tampines. Mr Ding is a Permanent Resident while Mrs Ding is a Singapore Citizen and both have been working since July 2013.
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	The following case study illustrates a successful SUHG application for a 3-room BTO.		The following case study illustrates a successful SUHG application for a 3-room BTO.

	====Case Study ~~B (~~Successful)====		====Case Study: Successful====
	Mr and Mrs Wadiyah are current owners of a 2-room unit in Clementi. They bought the unit from HDB in 2001. They are interested in a 3-room BTO unit in Tengah. Both Mr and Mrs Wadiyah are Singapore citizens and have been working since June 2015.		Mr and Mrs Wadiyah are current owners of a 2-room unit in Clementi. They bought the unit from HDB in 2001. They are interested in a 3-room BTO unit in Tengah. Both Mr and Mrs Wadiyah are Singapore citizens and have been working since June 2015.
	{\| class="wikitable"		{\| class="wikitable"

Dayana Rizal at 02:44, 11 March 2020

2020-03-11T02:44:02Z

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