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​EXECUTIVE CONDOMINIUM'S FREQUENTLY ASKED QUESTIONS & ANSWERS*

(* These Frequently Asked Questions are meant to highlight some common questions and answers for general information only.)

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Q16. How do I apply for the CPF Housing Grant?

A16: You must complete and sign the Application Form for CPF Housing Grant and submit it together with all your supporting documents for example, payslips and marriage certificate to the developer when you book an Executive Condominium (EC) Unit with them.  The supporting documents that are required can be found in the EC brochure on Application Procedures/Terms and Conditions, as well as the Application Form for CPF Housing Grant.  The Application Form for CPF Housing Grant is available from the developer or at their show apartment office at the site of the development.



If you did not bring all the supporting documents required, please submit the outstanding ones within one week from date of booking.  If the full set of supporting documents are not received as required within the one-week deadline, HDB will not be able to process your application for the CPF Housing Grant in time for the downpayment.



If your application is successful and when you have booked an EC Unit, you must complete and send the CPF Withdrawal Form RPS/1A (Residential Properties Scheme) directly to CPF Board for its processing.  This will enable you to use your CPF monies and/or the CPF Housing Grant towards the payment for your EC Unit [If the developer has served the Notice to take Vacant Possession, you will not be eligible for the CPF Housing Grant.]

Q17.  How will the CPF Housing Grant be given and can I use it as the downpayment for my Executive Condominium (EC) Unit?

A17: If you are eligible for the CPF Housing Grant, it will be credited into your CPF account as part of your CPF funds.  The first 5% of the selling price must be paid in cash.  You can use the CPF Housing Grant to pay for the remaining downpayment (i.e. 15% of the selling price) after you have signed the Sale and Purchase Agreement.



To ensure that the CPF Housing Grant is available for your use, please complete and submit the CPF Withdrawal Form RPS/1A to CPF Board for their processing upon your booking of an EC Unit.

Q18. How will the CPF Housing Grant be given if there are co-applicants buying the Executive Condominium Unit?

A18: For eligible applicant/co-applicant who are husband and wife and are both Singapore Citizens, the CPF Housing Grant will be divided equally and credited into their CPF accounts accordingly.  Otherwise, the CPF Housing Grant will only be credited into the CPF account of the applicant who is a Singapore Citizen.

Q19. How will the CPF Housing Grant be treated if I do not complete the purchase of the Executive Condominium Unit, for example, if I do not sign the Sale and Purchase Agreement?

A19: You must return the CPF Housing Grant with accrued interest to the Government if you fail to sign the Sale and Purchase Agreement or if you are found to be ineligible for the CPF Housing Grant or to purchase the Executive Condominium Unit in the first instance.

Q20. Do I need to return the CPF Housing Grant if I cancel my purchase of the Executive Condominium (EC) Unit after I have signed the Sale and Purchase Agreement?

A20: Yes if you have;



a) purchased the EC Unit with your spouse under the Public Scheme with the CPF Housing Grant and subsequently annul your marriage; or

b) purchased the EC Unit with your fiancé/fiancée under the Fiancé/Fiancée Scheme with the CPF Housing Grant and are unable to produce the marriage certificate as required under the Fiancé/Fiancée scheme, you and your ex-spouse or ex-fiancé/fiancée will be required to return the CPF Housing Grant together with accrued interest.  Any shortfall must be repaid in cash.  If the full amount cannot be recovered, the outstanding amount (inclusive of interest) will be treated as a debt owed to the Government.  Both of you will not be eligible to rent/buy or take over the ownership of another HDB flat, DBSS flat or EC Unit until the debt (with interest) is settled in full.    Please refer to the CPF Housing Grant Form for more details.

 

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Q21. Am I eligible for the CPF Housing Grant if I apply to buy an Executive Condominium Unit where the Temporary Occupation Permit for the Executive Condominium Unit has been obtained?

A21: Yes, you will be eligible for the CPF Housing Grant if you satisfy the conditions to receive the grant and the developer has not served the Notice of Vacant Possession on you.

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Q22. When I am eligible to sell my Executive Condominium (EC) Unit in the open market, do I have to refund the CPF Housing Grant to the Government?

A22: When you dispose of your EC Unit, you are required to refund all the CPF monies including the CPF Housing Grant which had been withdrawn for the purchase of the EC Unit to your CPF account.  Please note that the CPF monies returned to your CPF account can be used in accordance with the prevailing CPF laws and policies. 

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Q23. Can I apply for the Additional CPF Housing Grant and the Higher-tier CPF Housing Grant to buy the Executive Condominium Unit?​​

A23: No, the Additional CPF Housing grant and the Higher-tier CPF Housing grant are not applicable for the purchase of an Executive Condominium Unit.



For more information on CPF Housing Grant ​

 

CPF Housing Grant