Do HDB Sellers need to pay back HDB Grants when they sell their HDB Flat?

Zen
Jun 30, 2024By Zen

What Happens When You Sell Your HDB Flat?

Selling your HDB flat isn't confusing. It's actually pretty straightforward when you break it down. Here’s a simple guide to help you understand what happens to your CPF (Central Provident Fund) money and housing grants when you sell your flat.

For a start, let's see the HDB Housing grants available for first timer families or singles in a nutshell.

Housing Grants for first-timer families buying resale HDB flats

First timer families HDB resale housing grant table
*First timers families refer to couples or families comprising at least two Singapore Citizens or one Singapore Citizen and one Singapore Permanent Resident who have not enjoyed any housing subsidies before, meet the prevailing monthly income ceiling of S4,000 do not own or have any interest in private property in the last 30 months prior to flat application

Housing Grants for first- timer singles buying resale HDB flats

First timer singles HDB resale housing grant table
*First timers singles refer to Singapore Citizens who have not enjoyed any housing subsidies before, meet the prevailing monthly income ceiling (S4,000 if purchasing with other family members or other singles, S$7,000 if purchasing alone), and do not own or have any interest in private property in the last 30 months prior to flat application

Refunding Money to CPF

When you sell your HDB flat, all the money you used from your CPF to buy it, including any housing grants, goes back into your CPF account less any outstanding loan. This also includes the interest you would have earned if you hadn’t used that money. Think of it like returning borrowed money back to your savings account and paying yourself the interest that you would have earned from the sales of the HDB flat.

How Housing Grants Are refunded after the sale of a subsidised HDB flat

1. For Singles: The first $30,000 of the grants you received will go into your CPF Ordinary Account.

2. For Families: The first $60,000 of the grants will go into your CPF Ordinary Account.

3. The Rest of the Grant Money: Any remaining grant money is split between your CPF Special Account (or Retirement Account) and your Medisave Account.

Why This Matters

Knowing what happens when you sell your flat allows you to plan better. You’ll know where the money goes and how you can utilise it in the future.

For more details, check out the HDB website.

Selling your HDB flat doesn't have to be confusing. By understanding how your CPF money and grants are handled, you can make smart decisions and plan for your next steps easily.


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