3. Family Nucleus
You must form a proper family nucleus under one of the following schemes:
4. Income Ceiling
Your average gross monthly household income must not exceed $12,000.
> More information on the income guidelines
5. Special Requirement for Undischarged Bankrupts
Undischarged bankrupts need to seek the Official Assignee (OA)'s consent if they are applying for an EC.
However, they do not need to seek the OA's approval to be listed as an occupier.
6. Ownership in Private Property
7. Owners/Ex-owners of HDB flats / DBSS flats / EC units
1. First-timer Applicants
You and the essential family members listed in the application for purchase of the flat must not:
2. Second-timer Applicants
You or the essential family members listed in your application have owned/sold or are currently owners of:
1. Existing Owner or Ex-Owner of an HDB Flat
2. Ex-Owner of an EC
3. Essential Occupiers
5. Cancellation of Application After Booking a Flat
6. Person Who Has Bought an EC/DBSS Flat with CPF Housing Grant and terminated the S&P
Conditions after Purchase of EC
1. Selling of current HDB / DBSS flat in the open market
If you currently own an HDB / DBSS flat, you and/or your spouse must dispose of the flat within 6 months from the date of issuance of the Temporary Occupation Permit in respect of the Executive Condominium (EC).
If you intend to apply to purchase an EC where the Temporary Occupation Permit for the EC has been issued, you will be required to dispose of your existing HDB / DBSS flat within 6 months from the date the Developer serves the Notice of Vacant Possession on you.
2. Taking a Housing Subsidy
You and your spouse will be considered as having taken a housing subsidy when you buy an EC under the CPF Housing Grant Scheme from the developers.
3. Minimum Occupation Period (MOP)
Sale of EC
Essential occupiers in EC
4. Renting out your EC
Renting out the whole EC unit
5. Buying another subsidised housing
After selling your EC in the open market, you must wait for 30 months before you can submit an application to buy:
6. Resale Levy
The resale levy is meant to reduce the housing subsidy on the flat buyers' second subsidised flat. It also ensures a fairer allocation of housing subsidies among flat buyers.
You are liable to pay a resale levy of $55,000 when you buy a second subsidised flat from HDB or take over ownership of a subsidised HDB flat after selling the EC bought under the CPF Housing Grant Scheme (after meeting the 5-year Minimum Occupation Period (MOP) and the 30-month period).
If you do not intend to buy a second subsidised flat from HDB, for example, if you are buying a resale flat, a new DBSS flat, an EC from the developer, or a private residential property, you need not pay the resale levy.
7. Interest in Private Property
You cannot invest in private residential property during the 5-year minimum occupation period.
Buying an EC in Open Market
Executive Condominium (EC) owners who have occupied their EC and met the 5-year minimum occupation period (MOP) can sell their EC in the open market. The 5-year MOP is computed from the date of issuance of Temporary Occupation Permit (TOP) in respect of each EC.
After the 5-year MOP, from 6th to 10th year, EC can be sold in the open market to those who can meet the following eligibility conditions.
CPF Housing Grant
From 11th year, all restrictions will be lifted. Foreigners and corporate bodies can buy ECs in the open market from 11th year of the EC project.
Want to know if you are eligible to buy an EC?
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