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Buying an HDB resale flat comes with its perks - one of it being the generous HDB resale grants you can qualify for. In 2019, HDB raised the income ceiling for the CPF Family Grant from $12,000 to $14,000 and launched the new Enhanced CPF Housing Grant (EHG). This enables more resale buyers to qualify for housing grants and get.
Given the recent excessive demand for homes in Singapore, even first-time applicants are having a harder time securing a BTO flat for themselves despite the extra balloting chances given to them. That’s when most couples, especially those who cannot wait any longer to have a home, would turn to resale flats. Resale flats are pretty much perfect in everything .