Being a homeowner is a rite of passage for Singaporeans, but those planning to embark on their home ownership journey at this time face a triple whammy of high inflation, elevated home mortgage rates, and uncertain global economic outlook. The terrible trio are intricately linked, which makes it difficult to avoid their ill effects. However, those looking to buy a HDB can look forward to some relief in the form of housing grants and subsidies. Here’s a cheat sheet on the various HDB housing grants available, and how they can help you.

Understanding HDB Housing Grants

You can think of HDB housing grants as one prong in the government’s strategy to keep housing costs affordable (the others being subsidised BTO flats, and policies designed to curb property speculation). In essence, housing grants help to lower the barrier to entry for homeowners by bringing down the...