SINGAPORE (Feb 20): Finance Minister Heng Swee Keat announced, with immediate effect, in his Budget statement today that the CPF housing grant has been raised to S$50,000 (RM157,144) for first-timer couples buying four-room or smaller HDB flats from the resale market. For those who purchase five-room or bigger flats, the grant has been raised to S$40,000.

The CPF housing grant was previously capped at S$30,000. First-timer couples can now receive up to S$110,000 in subsidies, which includes the Additional CPF Housing Grant and Proximity Housing Grant.

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