Piermont Grand EC Grant
The CPF Housing Grants for Executive Condominium (EC) is a subsidy for First-timer applicants to purchase an EC. Generally, there are 2 types of Piermont Grand EC Grant are available – Family Grant and Half Housing Grant.
All applicants and co-applicants for Piermont Grand EC Grant must be eligible at the point of booking of their unit.
CPF Housing Grants Amount
Citizen Top-up (for SC/SPR Households)
You can apply for the Citizen Top-up of $10,000 by the time a qualifying member of your SC/SPR household obtains Singapore Citizenship. Do submit your application to HDB within 6 months of being eligible for it.
How to Apply?
You can apply for the CPF Housing Grant when booking your EC with the Developer.
Our trained representatives will assist you with the necessary submission.
Disbursement and Usage
CPF Housing Grants will be fully credited into the CPF Ordinary Accounts of eligible SC applicants. No cash is disbursed.
The CPF Housing Grants will be used to:
- Offset the balance downpayment and subsequent payments towards the EC purchase price
- Reduce the mortgage loan for the EC
Another key point to note:
The Grant cannot be used for the minimum cash downpayment and monthly mortgage instalment payments. The Grant will also be included in the computation of CPF withdrawal limit.