HWZ Forums

Login Register FAQ Mark Forums Read

Info on Grants/Subsidies Available For First Timer

Like Tree17Likes
Reply
 
LinkBack Thread Tools
Old 20-02-2019, 04:59 PM   #301
Junior Member
 
Join Date: Aug 2017
Posts: 20
Hi, I have a question about the '12 months continuous employment' too.

My wife is a foreigner, so her income will not be taken into account in the HDB loan.

But her income will be taken into consideration for grants? Also, what if I as the Singapore citizen was not in continuous employment for the past 12 months but she is. Will we still qualify for AHG and SHG?

And also, if we apply with our Singaporean child, will we be eligible for the First Timer grants or is it still the Non-Citizen Spouse scheme?

Thank you!
Hi, I am unable to answer you with regard to your qn on grants. You will be eligible for the first timer grant if you apply with both your foreign wife and singaporean baby as you have formed a family nucleus hence it will not be under non-citizen spouse scheme. This is provided that you have fulfilled other eligibility conditions as a first timer.
psychosoccer is offline   Reply With Quote
Old 05-03-2019, 10:38 PM   #302
Junior Member
 
Join Date: Mar 2019
Posts: 2
Hi, I also have a question regarding the 12 months continuous employment requirement. My gf and I are considering to apply for the next upcoming BTO, which will be held in May 2019. I started working in July 2018 which means by end of May 2019, I would have worked for 11 months continuously. I understand that the submission of AHG/SHG application is during flat booking appointment, which is roughly 6 weeks after flat application. By then, I would have worked for 12 months continuously. However, I understand that the clause stated I have to work for 12 months continuously prior to the "flat application date" so I am not sure whether will I still be eligible for AHG/SHG. Anyone encountered similar case before?
jeremy_k is offline   Reply With Quote
Old 11-03-2019, 12:47 PM   #303
Master Member
 
vinz's Avatar
 
Join Date: Sep 2000
Posts: 4,138
Hi, I also have a question regarding the 12 months continuous employment requirement. My gf and I are considering to apply for the next upcoming BTO, which will be held in May 2019. I started working in July 2018 which means by end of May 2019, I would have worked for 11 months continuously. I understand that the submission of AHG/SHG application is during flat booking appointment, which is roughly 6 weeks after flat application. By then, I would have worked for 12 months continuously. However, I understand that the clause stated I have to work for 12 months continuously prior to the "flat application date" so I am not sure whether will I still be eligible for AHG/SHG. Anyone encountered similar case before?
Actually its 12 months prior to flat application (submit application online for BTO ballot, pay $10) , not flat booking (which i assume you meant the stage where u get to choose the unit of your choice)

From HDB website :
You and/ or your spouse/ fiancé(e) are employed at the time you submitted the flat application, and have been continuously employed for the 12 months prior to the flat application

For your case, you are obviously not eligible, so maybe you want to skip this BTO or skip this grant.

Pls click : First-Timer Applicants AHG / SHG

Take note, they are quite strict on this 12 months deadline and really want income payslip + cpf proof.
_________________________

From May 2018 onwards, they actually relax this rule for couples who are both studying or in NS etc.

From HDB website :
Both parties of a couple must: Be full-time students or National Servicemen (NSF); or
Have completed studies or National Service (NS) within the last 12 months prior to the flat application.

pls click : Deferred Income Assessment

Pls check which is relevant to you. The new rule (May 2018) should be the more applicable one.

-vinz
jeremy_k likes this.

Last edited by vinz; 11-03-2019 at 01:13 PM..
vinz is offline   Reply With Quote
Old 16-03-2019, 12:41 AM   #304
Junior Member
 
Join Date: Mar 2019
Posts: 2
Thanks for the reply vinz. If you take a look at the HDB first timer housing grants, it is stated that “If eligible, please download the relevant AHG application form or AHG/ SHG application form and submit it to us during your flat booking appointment.” So I wanted to try my luck to apply for AHG/SHG since I only need to submit the housing grants application form during flat booking appointment. Yes, I understand the chance is slim and I did not meet the “continuously employed for the 12 months prior to the flat application” and HDB has recently announced that the waiting time for balloting result will be shortened from 6 weeks to 3 weeks, which means I might not even meet the 12 months employment prior to flat booking appointment (provided my ballot is successful). Maybe I would like to ask what is the intent of meeting this requirement of “continuously employed for the 12 months prior to the flat application” in order to apply for housing grants? Rules are rules but they are always created for a reason.

Last edited by jeremy_k; 16-03-2019 at 09:30 AM..
jeremy_k is offline   Reply With Quote
Old 19-03-2019, 11:44 AM   #305
Master Member
 
vinz's Avatar
 
Join Date: Sep 2000
Posts: 4,138
Real reason, please write in to HDB to ask.

My personal opinion :
HDB want to ensure the lower income group (thus eligible for this grant) are actually in some form of full time employment (12 months) before they attempt to "BUY" a bto. This at least make sure they are self sustaining themself ,and with HLE (maximum loan allowed) + some form of AHG SHG grant, they are able to proceed with the purchase, and most important able to pay off the monthly loan.

I would had think of the headaches HDB officer face when a owner default on payment due to lost of job etc . Imagine a part timer working every alternate month and expect a loan from HDB (and this AHG SHG too). Sooner or later problem will come for the owner and HDB also.
vinz is offline   Reply With Quote
Old 19-03-2019, 07:04 PM   #306
Junior Member
 
Join Date: Mar 2019
Posts: 1
Hey A little Help here please . Would like to know if my sale of balance flat choosing of location has been approved .. next step is for the unit selection . Isit possible if i want to change the location instead ?.
Louis93 is offline   Reply With Quote
Old 20-03-2019, 09:00 AM   #307
Master Member
 
ssian84's Avatar
 
Join Date: Apr 2005
Posts: 2,851
Change location would be giving up current exercise and you have to apply in next exercise.
You will receive letter or check your account?
You should be receiving email

Hey A little Help here please . Would like to know if my sale of balance flat choosing of location has been approved .. next step is for the unit selection . Isit possible if i want to change the location instead ?.
__________________
Admin note: Sig too long
ssian84 is offline   Reply With Quote
Old 28-03-2019, 08:53 PM   #308
Supremacy Member
 
ngufree's Avatar
 
Join Date: Apr 2006
Posts: 7,996
Hi guys, got a quick question, first time looking at BTO and everything here.

I am looking at Kallang/Whampoa (mature town) selling price including grants, $518k.

http://esales.hdb.gov.sg/bp25/launch...le/about0.html

1) Am I right to say that they assumed the minimum grant available ($5k) under AHG for those with combined income ceiling of $5k, and they deduct from $523k?

2) Also, if I am eligible for additional grants, like PHG ($20k), do I further deduct $20k from $518k?, and then work out my down payment, and HDB loan amount from there?

3) Do the above calculations work for resale flats too?

Thanks in advance!
ngufree is offline   Reply With Quote
Old 17-04-2019, 09:22 AM   #309
Junior Member
 
Join Date: Apr 2019
Posts: 87
The grants can be used for the downpayment (e.g. HDB loan means 10% downpayment) then if you wish to take a smaller loan and pay off more, you can use your CPF OA and cash.

Just fyi, PHG is only for resale flats.

Hi guys, got a quick question, first time looking at BTO and everything here.

I am looking at Kallang/Whampoa (mature town) selling price including grants, $518k.

1) Am I right to say that they assumed the minimum grant available ($5k) under AHG for those with combined income ceiling of $5k, and they deduct from $523k?

2) Also, if I am eligible for additional grants, like PHG ($20k), do I further deduct $20k from $518k?, and then work out my down payment, and HDB loan amount from there?

3) Do the above calculations work for resale flats too?

Thanks in advance!
Peasantboy is offline   Reply With Quote
Old 17-04-2019, 02:35 PM   #310
Junior Member
 
Join Date: Jul 2018
Posts: 10
If you intent to buy a >$500k flat at Kallang, I think it's probably for a good unit (high floor) of a 3-room flat only and dependent on a good queue number. The 4-room BTO in this mature estate (SHG not applicable) costs up to $674k!(What is this future family going to feed on if earning below $5K which is the max. household income for getting a $5k AHG) For this price, you can get 4 -room resale in District 12 with a $20k proximity grant (to be sunk into your CPFs later upon selling of flat with interest)
8zaoyu is offline   Reply With Quote
Old 29-04-2019, 03:13 AM   #311
Member
 
Join Date: Jun 2017
Posts: 157
Hi, I'm getting a resale unit with my mom.
I'm a first timer while my mom has purchased house twice with my late dad.

I was told I'm m not entitled to any grants 😕
ecstatic is offline   Reply With Quote
Old 29-04-2019, 12:07 PM   #312
Junior Member
 
Join Date: Apr 2019
Posts: 11
Hello Yihao93,

Yes, that is true, at least of you must be working >12 months to have your combined income assessed. Hope this helps
Propertee is offline   Reply With Quote
Old 29-04-2019, 12:32 PM   #313
Junior Member
 
Join Date: Apr 2019
Posts: 11
Hi, I'm getting a resale unit with my mom.
I'm a first timer while my mom has purchased house twice with my late dad.

I was told I'm m not entitled to any grants 😕
Hello Ecstatic,

Since the previous flats were under your mum's name, I believe that she will not qualify for any first time grants. However, if the incoming resale flat is under your name, you will need to fulfil some criteria in order to qualify for the grants. e.g at least of 35 years old. I have seen this on Carousell's blog and I thought it might be of great help! > https://blog.carousell.com/property/...gapore-grants/[/QUOTE]
Propertee is offline   Reply With Quote
Old 14-05-2019, 08:29 PM   #314
Junior Member
 
Join Date: Feb 2019
Posts: 18
just to check, i just know my hdb grant. i got housing grant 50k but additional housing grant only 15k which is too low because i only earn 3.5k but my wife has not been working for more then 1 year and i have a 7 month old son. So i'm wondering why my additional housing grant is not 35k as i believe my average monthly income should be 3.5k / 2 ?
Hi I would like to clarify with you. For the housing grant if we are eligible we sure will get? Cos I'm also earning around 3500 - 3800. Wife is housewive so no income for her. For me the housing grant means alot. Thank you.
Nbnbna is offline   Reply With Quote
Old 20-05-2019, 08:38 PM   #315
Junior Member
 
Join Date: Aug 2017
Posts: 20
Hi I would like to clarify with you. For the housing grant if we are eligible we sure will get? Cos I'm also earning around 3500 - 3800. Wife is housewive so no income for her. For me the housing grant means alot. Thank you.
If you fulfill all the requirements, i don’t see why hdb will not approve your AHG and SHG. Based on your income, your AHG should be 15k as you fall in the $3501 - $4000 bracket. The average income refers to total household income (you + your spouse) for past 12 months from application date divide by 12 months. Hope it clarifies.
psychosoccer is offline   Reply With Quote
Reply
Important Forum Advisory Note
This forum is moderated by volunteer moderators who will react only to members' feedback on posts. Moderators are not employees or representatives of HWZ. Forum members and moderators are responsible for their own posts.

Please refer to our Terms of Service for more information.


Thread Tools

Posting Rules

Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are Off
Pingbacks are Off
Refbacks are On