Eligibility Conditions
The AHG will only be given once to each eligible family. As with the current scheme, the enhanced grant is given to Singapore Citizen only (not Singapore Permanent Residence spouse or an undischarged bankrupt), and can only be used as capital payment for the flat purchase. The balance, if any, must be used to reduce the mortgage loan before a housing loan from HDB can be granted.
In addition to the current eligibility conditions to buy a new flat and the conditions of income ceiling and continuous employment, the family will have also to meet the following eligibility conditions to apply for the AHG:
Read more about this topic: Additional CPF Housing Grant
Famous quotes containing the word conditions:
“I can’t say that the college-bred woman is the most contented woman. The broader her mind the more she understands the unequal conditions between men and women, the more she chafes under a government that tolerates it.”
—Susan B. Anthony (1820–1906)