Overview
The AHG was first introduced in 3 Mar 2006 to help lower-income citizen families buy their first HDB flat. Under the AHG, households earning below the monthly income ceiling can qualify for an additional subsidy (refer table). The AHG has since undergone two enhancements. The first was in Aug 2007, and the second enhancement was in 6 Feb 2009.
| AHG
(Mar 2006) |
Revised AHG
(Aug 2007) |
Latest Enhanced AHG
(Feb 2009) |
|
|---|---|---|---|
| Monthly income ceiling | S$3,000 | S$4,000 | S$5,000 |
| Maximum additional subsidy | S$20,000 | S$30,000 | S$40,000 |
The latest increase in income ceiling from S$4,000 to S$5,000 increases the coverage of the AHG from 50 to 60 percent of resident households. In addition, the condition of continuous employment preceding the flat application is reduced from two years to one year.
The enhanced AHG is applicable to the purchase of flats as follows:
| Category of Flats | Cut-off Date |
|---|---|
| Purchase of New / DBSS Flats | Booking of Flats on or after 6 Feb 09 |
| Purchase of Resale Flats | Resale Application received by HDB on or after 6 Feb 09 |
Read more about this topic: Additional CPF Housing Grant