CPF & housing

BRS

The Basic Retirement Sum (BRS) is the minimum amount CPF members are expected to set aside for retirement when they turn 55: $110,200 for those turning 55 in 2026, rising to $114,100 in 2027.

CPF Accrued Interest

CPF accrued interest is the interest your CPF savings would have earned if you had not used them to buy property.

CPF Housing Grant

The CPF Housing Grant is a grant for first-timers buying an HDB resale flat.

OA

The CPF Ordinary Account (OA) is the part of your Central Provident Fund savings that you can use to buy a home and repay a housing loan.

EHG

The Enhanced CPF Housing Grant (EHG) is an income-based grant of up to $120,000 for first-timer families, and up to $60,000 for first-timer singles, buying a new or resale HDB flat.

HPS

The Home Protection Scheme (HPS) is a mortgage-reducing insurance run by CPF Board that pays off the outstanding housing loan on an HDB flat if an insured owner dies, becomes terminally ill or suffers total permanent disability.

PHG

The Proximity Housing Grant (PHG) is an HDB grant for buyers of a resale flat who will live with or near their parents or child.

Step-Up CPF Housing Grant

The Step-Up CPF Housing Grant is a $15,000 grant for second-timer families moving from a 2-room flat (or public rental flat) to a 2-room Flexi or 3-room flat in a non-mature estate or a Standard project.

VL

The valuation limit (VL) is the lower of a property's purchase price and its valuation at the time of purchase.

WL

The withdrawal limit (WL) is the maximum CPF Ordinary Account savings you can use for a property bought with a bank loan: 120% of the valuation limit, meaning the lower of the price and the valuation at purchase.