Proposal for Extension of Housing Grants to Parents Who Buy Over Children's HDB Flats

79 Mr Gan Thiam Poh asked the Minister for National Development (a) why are parents who are buying over their child's HDB flat ineligible for housing grants, such as the CPF Housing Grants for Resale Flats and the Proximity Housing Grant; and (b) what other grants are available to such buyers.

Mr Desmond Lee: Parents who buy their child’s Housing and Development Board (HDB) flat are not eligible for the Central Provident Fund (CPF) Housing Grant, Enhanced CPF Housing Grant and Proximity Housing Grant. This is because they tend to end up with a large flat, contrary to our objective of supporting seniors to right-size to a flat that better meets their retirement needs. Seniors who are right-sizing to a 3-room or smaller flat can benefit from the Silver Housing Bonus of up to $30,000.

Parents buying over their child’s flat due to extenuating circumstances can approach HDB, which will evaluate their appeal for housing grants on a case-by-case basis.