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The Brownstone EC | CPF Housing Grant

Guide to CPF Housing Grant Eligibility for the Brownstone EC

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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. at Brownstone EC.
 
Overwhelmed by all the details below? Not to worry – just call us at (+65) 9633 8633, or email us below, and we’ll guide you all the way.
 

Details of the CPF Housing Grant for ECs

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Amount of Grant for Brownstone 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 Brownstone EC, 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 the Brownstone EC, 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 the Brownstone 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 Brownstone 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 Brownstone 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)

 
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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 the Brownstone EC.

 
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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 sense to avail yourself of the Housing Grant now. Especially since, as you progress in your career, your income is likely to increase, which could make you ineligible to purchase an EC in future.

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Disbursement of Grant

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

APPLICANT(S) BUYING BROWNSTONE 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 Brownstone EC.

 
 
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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 CPF portion of the downpayment for the Brownstone 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 Brownstone EC purchase.

Source: HDB

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THE BROWNSTONE EC · SHOWFLAT VIEWING · E-APPLICATION

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

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The Brownstone EC | Documents Checklist

Guide to Documents Required for Application for the Brownstone EC

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To apply for the Brownstone EC, you need to submit copies of supporting documents as listed below. HDB may also require you to submit other additional documents subsequently.
 
Confused or overwhelmed by all the details? Not to worry – just call us at (+65) 9633 8633, or email us below, and we’ll guide you every step of the way.
 

Proof of Identity / Citizenship

Main applicant for the Brownstone EC must be a Singapore citizen. Family nucleus must comprise at least another Singapore citizen or Singapore Permanent Resident.

Singapore Citizen Copy of Singapore Identity Card (both sides)
Singapore PR Copy of Singapore PR Identity Card (both sides)
Non Citizen Copy of Passport (Particulars Page)

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Proof of Relationship / Marital Status

Fiance-Fiancee No document now, but submit Marriage Certificate at key collection
Parent-Child / Siblings Birth Certificates
Married Couple Marriage Certificate
Separated Deed of Separation / Petition for Divorce
Divorced Decree Nisi / Decree Nisi Absolute or Interim Judgement / Certificate of Making Interim Judgment Final & Order of Court / Divorce Certificate for Muslim Divorce
Widow / Orphan Death Certificate of Spouse / Parent’s Death Certificate & Marriage Certificate
Sole Parent with Child Order of Court / Custody Documents / Birth Certificates / Legal Adoption Papers
Joint Singles No document needed but both applicants must be over 35 years old

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Proof of Income

Average gross monthly household income should not exceed $14,000. If it exceeds $14,000, contact us for assistance to apply for the Brownstone EC, on a case by case basis.

Employed Person with Fixed Monthly Income Assessed based on average monthly gross income over last 3 months

Documents to submit:

  • Latest 3 months’ payslips i.e. month of application and preceding 2 months; or
  • Letter from employer (with company stamp/letterhead, name, signature & designation of certifying officer) stating applicant’s full name & NRIC, and tabulating & certifying his/her Gross salary for the month of application and preceding 2 months

NOTE:

  • Notice of Assessment (NOA) from Inland Revenue Authority of Singapore (IRAS) is not acceptable for employed persons
  • Bonuses do not form part of the assessment & will be excluded
Employed Person with Variable Monthly Income
 
or
 
Commission-based Person
 
or
 
Part-time Worker
Assessed based on average monthly gross income for past 12 months (excluding income from overtime work) which includes allowances (fixed/variable) received on a regular basis (e.g. transport, phone, food, uniform, etc).

Documents to submit:

  • Latest 12 months payslips and/or commission statements; or
  • Letter from employer (with company stamp/letterhead, name, signature & designation of certifying officer) stating applicant’s full name & NRIC, and tabulating & certifying his/her Gross salary for the past 12 months
Self-Employed Person Assessed based on average monthly gross income for past 12 months.

Documents to submit:

  • Latest NOA (Notice of Assessment) from IRAS or Statement of Annual Accounts certified by an Audit Firm; and
  • Valid Accounting & Corporate Regulatory Authority (ACRA) Computer Information (Business Profile) / Valid license of business/trade
Odd Job Worker Assessed based on average monthly gross income for past 12 months.

Documents to submit:

  • Latest NOA from IRAS; and
  • Previous year’s NOA from IRAS
Unemployed Person Proof of unemployment

  • Statutory Declaration* to declare the employment status; OR
  • Valid Student Pass

NOTE:

  • *Applicable to applicants and occupiers between 18 to 62 years old who are unemployed.
  • If the applicants and occupiers are unemployed for fewer than 3 months, the average income will be computed based on number of actual months he/she has worked.

The Statutory Declaration may be executed at HDB Hub Sales Office, or at any HDB Branch Office. If you are not in Singapore, you can make the Statutory Declaration in the presence of a Commissioner for Oaths or Notary Public in the country of your stay.

The Statutory Declaration should be done only when you buy a unit, so do it after booking your Brownstone EC unit, on same day preferably.

Types of Income Included

Examples of income types that are included in computation of household income for applying for the Brownstone EC:

  • Earned Income
  • Pension
  • Stipend
  • Sustenance
  • Allowances (fixed/variable) received on a regular basis (eg transport, phone, food, laundry, uniform, etc)

Types of Income Not Included

Examples of income types not included in computation of household income for applying for the Brownstone EC

  • Rental income
  • Interest from fixed deposit/savings account
  • Alimony allowance (divorce cases)
  • Bonuses
  • Director fees
  • Scholarship overseas allowance
  • Income earned from overtime work
  • National Service Allowance

Source: HDB

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THE BROWNSTONE EC · SHOWFLAT VIEWING · E-APPLICATION

If you would like help on assessing your EC eligibility or documents required, or be kept posted on the Brownstone or register for showflat viewing or e-application, 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