SINGAPORE - In the past four years, around 4,500 families and singles set up homes in the same Housing Board block, or even the same flat, as their parents or children.
For families or singles who buy a resale flat to live with their parents or children, the amount rises to $30,000 and $15,000 respectively. This grant supplants the former Additional CPF Housing Grant and the Special CPF Housing Grant and is available to eligible buyers regardless of whether they buy a new or resale flat, and does not restrict buyers on their choice of flat type and location.
To access the full EHG amount, the flat has to be able to cover the families and their spouses to the age of 95. It also received about 7,300 applications for resale flats between Sept 11 and Dec 31 last year, with half coming from first-time buyers.About $40 million in EHG has been disbursed to around 1,500 households, and the remaining applicants will receive the EHG once their resale transactions are completed.
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