Westwood Residence | CPF Housing Grant

The CPF Housing Grant is a housing subsidy (in the form of CPF money) that is provided by the Government. This grant assists an eligible first-timer family to buy a new EC, eg. from the Westwood Residence developer.

Details of the CPF Housing Grant for ECs

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Amount of Grant for Westwood Residence EC Buyers

EC 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 first-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 Westwood Residence, first-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 first-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 Westwood Residence, first-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 first-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 Westwood Residence 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 Westwood Residence 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 Westwood Residence 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, 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 Westwood Residence.

 
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Disbursement of Grant

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

APPLICANT(S) BUYING WESTWOOD RESIDENCE 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 and married child)
Grant given only to one eligible applicant per flat.

The grant once disbursed cannot be returned.

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

 

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Use of Grant

The CPF Housing Grant will be credited into your CPF Ordinary Account and treated as part of your CPF fund. It can be used to pay for the CPF portion of the downpayment for Westwood Residence at the time of signing of the Sales and 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 Westwood Residence EC.

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