Guide to CPF Housing Grant Eligibility for the Wandervale EC

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The CPF Housing Grant is a housing subsidy (into your CPF account) provided by the Singapore Government. This grant assists eligible 1st timers to buy new ECs, like the Wandervale EC.
 
If you find the details below confusing, just email us below, and we will be glad to answer your queries.
 

Details of the CPF Housing Grant for ECs

• Amount of Grant for EC Buyers
• Eligibility Conditions
• How to Apply for the Grant for the Wandervale
• Can the Grant be Deferred?
• Disbursement of Grant
• Use of Grant

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Amount of Grant for the Wandervale EC Buyers

Buyer with Average Gross Monthly Household Income up to $10,000.

TYPE OF GRANT AVAILABLE	AMOUNT
	SC / SC Household	SC / SPR Household
CPF Housing Grant for Family	$30,000	$20,000#
Half Housing Grant (If you are a 1st timer citizen & your spouse has previously taken a housing subsidy)	$15,000

^#If you are a Singapore Citizen (SC) married to a Singapore Permanent Resident (SPR) (that is, an SC/SPR household), you can apply for the Citizen Top-Up Grant when your SPR family member gets Singapore Citizenship or when you have an SC child.
 

EC Buyer with Average Gross Monthly Household Income from $10,001 to $11,000

(For ECs launched for sale from 15 August 2011 onwards, such as the Wandervale EC, 1st timer households with monthly income between $10,001 to $11,000 may get a Housing Grant of $20,000.)

TYPE OF GRANT AVAILABLE	AMOUNT
	SC / SC Household	SC / SPR Household
CPF Housing Grant for Family	$20,000	$10,000#
Half Housing Grant (If you are a 1st timer citizen & your spouse has previously taken a housing subsidy)	$10,000

^#If you are from an SC/SPR household, you can apply for the Citizen Top-Up when your SPR family member takes up Singapore Citizenship or when you have an SC child.
 

EC Buyer with Average Gross Monthly Household Income from $11,001 to $12,000

(For ECs launched for sale from 15 August 2011 onwards, such as the Wandervale EC, 1st timer households with monthly income between $11,001 to $12,000 may get a Housing Grant of $10,000.)

TYPE OF GRANT AVAILABLE	AMOUNT
	SC / SC Household	SC / SPR Household
CPF Housing Grant for Family	$10,000	$0#
Half Housing Grant (If you are a 1st timer citizen & your spouse has previously taken a housing subsidy)	$5,000

^#If you are from an SC/SPR household, you can apply for the Citizen Top-Up when your SPR family member takes up Singapore Citizenship or when you have an SC child.
 
Read more on the Citizen Top-up (opens in new window).
 

Buyers with Average Gross Monthly Household Income above $12,000.

If your monthly household income is above $12,000, then the CPF Housing Grant does not apply.

 
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Eligibility Conditions

CRITERIA	DETAILED DESCRIPTION
Citizenship	You must be a Singapore Citizen. Your family nucleus must comprise at least another Singapore Permanent Resident or Singapore Citizen.
Age	21 years old and above
Family Nucleus	You are applying for the Wandervale EC with your: Spouse and children (if any), or Fiancé/fiancée (must be able to produce your marriage certificate, latest by the date of key collection when the Wandervale EC completes), or Children under your legal custody, care and control (if widowed or divorced)
Household status	You and the essential family members listed in the application for purchase of a unit at the Wandervale EC must not: Be the owners of a flat bought direct from HDB, a DBSS flat or an Executive Condominium bought with CPF Housing Grant from the developer Have sold a flat bought direct from HDB, a DBSS flat or an Executive Condominium bought with CPF Housing Grant from the developer Have received the CPF Housing Grant for the purchase of an HDB resale flat Have taken other forms of housing subsidy (e.g. benefitted under the Selective En bloc Redevelopment Scheme, or privatisation of HUDC estate, etc)

 
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How to Apply

You may apply for the CPF Housing Grant when you book a unit with the developer. You will be provided the form to apply for the grant, and the developer will submit this form with the rest of your application for the Wandervale EC.

 
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Can the Grant be Deferred?

Can 1st Timer Buyers ‘keep’ the CPF Housing Grant for purchase of the next BTO or EC instead?

• No. The CPF Housing Grant cannot be kept for the next BTO / EC purchase. If you don’t use it for your first EC purchase, you will forfeit it.
• Furthermore, even if you don’t take the grant this time, you will still be subject to the resale levy if you buy a BTO HDB flat or another new EC in future.
• So if you are eligible, you should avail yourself of the CPF Housing Grant now. As you progress in your career, your income is likely to increase, which could make you ineligible to purchase an EC or get the grant in future.

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Disbursement of Grant

The Grant is given only to the Singapore Citizen (not the SPR spouse).

APPLICANT(S) BUYING WANDERVALE EC	AMOUNT
Sole Applicant	Full grant.
Joint Applicants (husband & wife)	Half of the full grant each.
Joint applicants who are not husband & wife (e.g. married siblings, parents & married child)	Grant given only to one eligible applicant per flat.

Disbursement of Top-Up Grant
The Top-Up Grant is given only to the Singapore Citizen spouse (not the Singapore Permanent Resident spouse) who is listed as an owner or applicant of the Wandervale EC.

 
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Use of Grant

The CPF Housing Grant will be credited to your CPF Ordinary Account & treated as part of your CPF fund. It can be used to pay for the CPF portion of the downpayment for the Wandervale EC at the time of signing of the Sales & Purchase Agreement, after you have paid the cash payment (if applicable), or to reduce the mortgage loan.

The CPF Housing Grant will be included in the computation of the CPF withdrawal limit for your Wandervale EC purchase.

Source: HDB

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THE WANDERVALE EC · SHOWFLAT VIEWING · E-APPLICATION

If you would like assistance on assessing your CPF Housing Grant Eligibility, or to register for a showflat viewing or e-application or the CPF Grant itself, please email here.