Signature at Yishun EC | CPF Housing Grant

Guide to CPF Housing Grant Eligibility for the Signature at Yishun EC

::
 
The CPF Housing Grant is a housing subsidy (as CPF funds) provided by the Government. This grant assists eligible 1st-timers to buy a new EC, eg. at the Signature at Yishun EC.
 
Overwhelmed or confused by all the conditions? No worries – just call us at (+65) 9633 8633, or email us below, and we’ll simplify it for your specific situation.
 

Details of the CPF Housing Grant for ECs

::

Amount of Grant for the Signature at Yishun 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 the Signature at Yishun 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 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 the Signature at Yishun 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 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.

 
::

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 Signature at Yishun 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 Signature at Yishun 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 Signature at Yishun 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)

 
::

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 Signature at Yishun EC.

 
::

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, it makes good sense to take the CPF Housing Grant now. All the more since, as you advance in your career, your income is likely to increase, which could make you exceed the income ceiling for purchase of an EC in future.

::

Disbursement of Grant

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

APPLICANT(S) BUYING SIGNATURE AT YISHUN 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 Signature at Yishun EC.

 
 
::

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 2nd part of the downpayment for the Signature at Yishun 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 Signature at Yishun EC purchase.

Source: HDB

::

SIGNATURE AT YISHUN EC · SHOWFLAT VIEWING · E-APPLICATION

If you would like help on assessing your CPF Housing Grant Eligibility for the Signature at Yishun EC, or to register for showflat viewing or e-application or the CPF Grant itself, please email here.

(Fields marked with * need to be filled in. We respect your privacy and will not spam you.)

Name *
Email *
Phone *
Application Status *
You want to  Request Brochure / Floor Plans
 View showflat
 Register e-Application
 Get More Information
 Keep you posted on other new launches as well
After clicking, please see below for status