by Kenny Lee Historical policy and news archive · Source publication: 2024-08-19 · Implementation: 20 August 2024 and the applicable sales-exercise rules. Prepared retrospectively on 3 October 2026; the archive date follows the cited source. Historical rules must be matched to the relevant transaction date.
The announcement
The HDB loan LTV ceiling was reduced from 80% to 75%. The Enhanced CPF Housing Grant maximum increased to S$120,000 for eligible families and S$60,000 for eligible singles, with support varying by income and other conditions. Application timing determines which arrangements apply.
What this means for property planning
On an assumed eligible lending value of S$600,000, 80% financing is S$480,000 and 75% is S$450,000: S$30,000 less loan funding. That difference is not necessarily all cash, since permitted CPF balances and assessed grants may help fund the purchase.
Evaluate the two changes together for the actual household. A buyer qualifying for a larger grant may see part of the financing reduction cushioned; a household without the additional grant may need more savings. A maximum grant is not universal. Include valuation risk, cash-over-valuation where applicable, legal fees and renovation costs in the funding plan before choosing the flat.
Before acting
Establish your household profile, property ownership, financing and transaction dates. Obtain a written eligibility or financing assessment where needed. A historical announcement cannot establish your present eligibility, tax liability or borrowing limit.
Source: Original official release or dated news report. Reviewed 3 October 2026.