Eligibility To Purchase an Executive Condominium
Eligibility conditions to purchase an Executive Condominium. For Executive Condominium, is purchase through developer and before you submit an application, you need to learn more about what terms and conditions for apply to purchase an Executive Condominium.
Overview Eligibility For Purchasing EC
Eligiblity Scheme Available
Income Document Required
Condition for Undischarged Bankrupt
Define 1st or 2nd timer
Overview Of Eligibility Conditions
| Citizenship | - Must be a Singapore Citizen - At least 1 of the purchaser must be a Singapore Citizen or Singapore Permanent Resident - All singles must be Singapore Citizens if applying under the Joint Singles Scheme |
| Family nucleus To qualify for the EC, must be under one of these eligibility schemes: | - Public Scheme - Fiance/Fiancee Scheme - Orphans Scheme - Joint Singles Scheme |
| Age | - At least 21 years old - At least 35 years old, if applying under the Joint Singles Scheme |
| Income ceiling | - Household income must not exceed the $14,000 |
| Ownership of the property | - Must not own overseas property or private property locally - Private property have not disposed of any within the last 30 months - Must have not bought any new HDB/DBSS flat or EC, - Received CPF Housing Grant before - Have only bought 1 of these properties/ received 1 CPF Housing Grant |
For more information : HDB Official Website
Eligibility Scheme (Family Nucleus)
| Public Scheme | - Form a family nucleus with any of the following : * Spouse, and Children (if any) * Parents, and siblings (if any) * Children under legal custody, care and control (for widowed/divorced applicants) - No change of people listed : applications under this scheme are valid if there are no changes to the people listed (not allowed to replace parents name with spouse or vice versa) - Dual-key EC as a multi-generation family : * married/engaged couple and parents/grandparents * widowed/divorced with children and parents/grandparents |
| Fiance/Fiancee scheme | - Form a family nucleus with your spouse-to-be : * Submission of Marriaged Certificate : >> applied for CPF housing grant : submit copy of Married Certificate before taking possession of your EC >> did not apply for CPF housing grant : submit copy of Married Certificate within 3 months of taking possession of your EC - Written parental consent needed if spouse-to-do is 18 years old and above, but below 21 * that person must be listed as an essential occupier in the flat application * written consent from that person's parents/guardians must be submitted during EC selection - Special Marriage Licence needed if spouse-to-be is below 18 years old * following your flat application, you must obtain a Special Marriage Licence from the Ministry of Social and Family Development and submit during the EC selection - No change of people listed in the application *Applications under this scheme are only valid if there are no changes to the people listed. That means that in case of break-up, you are not allowed to later put in the name(s) of new spouse-to-be or your parents in the application, even if the previous spouse-to-be agrees. - If applying for a dual-key EC as a multi-generation family : * married/engaged couple and parents/grandparents * widowed/divorced with children and parents/grandparents |
| Orphans Scheme | - You and your siblings are orphans and single (unmarried, divorced or widowed) : * all of the siblings that are single must be listed in the same application * at least 1 of the deceased parents was a Singapore Citizen or Singapore Permanent Resident |
| Joint Singles Scheme | - Can be you plus up to 3 other co-applicants, and all must be : * single (unmarried, divorced or widowed * singapore citizens * at least 35 years old * applying jointly as co-applicants (CPF Housing Grant for singles are not available for buying EC) |
For more information : HDB Official Website
Income Documents for Executive Condomimium
| Employed Person | - Latest 3 months payslips. eg month of application and preceding 2 months or - Letter from employer certifying salaries for the month of application and the preceding 2 months. The letter must contain the : > company stamp/letterhead > certifying officer's name, signature and designation |
| Self-employed person | - Latest LOA from IRAS or Statement of Annual Accounts certified by an audit firm and - Valid Accounting and Corporate Regulatory Authority (ACRA) Computer Information (Business Profile) or valid licence of trade |
| Part-timer worker | - Latest 12 months payslips or - Letter from employer certifying salaries for the last 12 months. The letter must contain the : > company stamp/letterhead > certifying officer's name, signature and designation |
| Commission-based person | - Latest 12 months commission statements/payslips or - Letter from employer certifying salaries for the last 12 months. The letter must contain the : > company stamp/letterhead > certifying officer's name, signature and designation |
| Odd Job Worker | - Latest NOA from IRAS and - Previous year NOA from IRAS |
| Unemployed person (between 18 to 62 years old) | - Statutory Declaration to declare the employment status or valid Student Pass if currently a full-time student - if unemployed for less than 3 months, the following documents are required : > Income proof for the preceding months from the previous empolyer stating their gross monthly income and last day of service > Latest 15 months CPF contribution history |
For more information : HDB Official Website
Condition for Undischarged bankrupt
| Undischarged Bankrupt | - Official Assignee need to obtain if you are applying for an EC. If you are to be listed as an essential occupier, than you do not need so. |
For more information : HDB Official Website
Define First or Second Timer
| First-timer applicant | - 1st timers will get to enjoy privileges and priority. * Purchasers will be treated as a first-timer application if you and any of the other listed owners and essential occupiers meet the following criteria: > Not the owner of a flat bought directly from HDB, or EC/ DBSS flat bought from a developer > Not sold a flat bought directly from HDB, or EC/ DBSS flat bought from a developer > Not received any CPF Housing Grant for the purchase of an HDB resale flat > Not taken any form of housing subsidy > If you are a second-timer and your spouse/spouse-to-be is a first-timer, both of you will enjoy first-timer privileges. |
| Second-timer applicant | - 2nd timers will be treated if any of the following applies to you or any of the other listed owners and essential occupiers: * Have owned or sold any of the following: > HDB flat bought from HDB > Resale flat bought using a CPF Housing Grant >> EC/ DBSS flat bought from the developer > Once taken some form of housing subsidy |