Executive Condominum (EC) Eligibility Conditions

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When you plan to purchase a new Executive Condominium (EC) from a developer, you need to meet the eligibility conditions. Before you submit an application, learn what conditions apply after you buy an EC, and find out if you must pay a resale levy.

*Information is accurate as the point of writing.

Citizenship

  • You must be a Singapore Citizen
  • Your family nucleus must comprise at least another Singapore Citizen or Singapore Permanent Resident.

Age

  • You must be at least 21 years old at the time of application
  • If you are buying an Executive Condominium (EC) under the Joint Singles Scheme, you must be at least 35 years old

Family Nucleus

Scheme Family Nucleus
Public You, the applicant, and;
– your spouse, and children (if any)
– your parents, and siblings (if any)
– your children under your legal custody, care and control (for widowed/ divorced)
Fiance/Fiancee You, the applicant, and your fiance/fiancee (Marriage cert is required within 3 months of collecting key)
Orphan You, the applicant, and your unmarried siblings
Joint Single Scheme You and up to 3 other co-applicants, and all of you are:

  • Single (unmarried, divorced, or widowed)
  • Singapore Citizens
  • At least 35 years old
  • Applying jointly as co-applicants

The CPF Housing Grant for singles is not available when buying an EC.

You may buy a dual-key EC units offered by the developer if you form a multi-generation family as follows:

  • Married/ engaged couple and parents/ grandparents
  • Widowed/divorced with children under legal custody, care and control# and parent(s)/grandparent(s)

#If the care and control of your children under the age of 21 is shared with your ex-spouse, you must obtain his/her written agreement before you can list your children in a flat application.

Income Ceiling

Your average gross monthly household income must not exceed $16,000*. If your income exceeds $16,000, please Contact Us. We will assist and review your application on case by case basis.

*Effective from 11 Sep 2019.

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.

Ownership in Private Property

You, your spouse, any occupiers listed in the Application Form or their spouses must not own or dispose or have an estate or interest in any other flat, house, building or land*

  • Within 30 months before the date of application, and
  • Between the application date and the date of taking possession of the EC

* includes but not limited to:

  • HUDC flats (Privatised and Non-Privatised)
  • Properties acquired by gift
  • Properties inherited as beneficiaries under a will or as a result of the Intestate Succession Act
  • Private properties
  • Properties owned/acquired/disposed through nominees regardless of properties location

Owners/Ex-owners of HDB flats / DBSS flats / EC units

Each eligible Singaporean household can buy the following housing unit only twice:

  • a flat from the HDB;
  • a resale flat with the CPF Housing Grant*;
  • a DBSS flat from developer;
  • an EC unit from developer.

*Only applicable for first-timer applicants

If you have already bought two housing units, you will not be eligible to apply or be listed as an essential occupier in an application.

First-timer Applicants

You and the essential family members listed in the application for purchase of the flat must not:

  • Be the owners of a flat bought direct from HDB, a DBSS flat or an Executive Condominium bought from the developer
  • Have sold a flat bought direct from HDB, a DBSS flat or an Executive Condominium bought from the developer
  • Have received the CPF Housing Grant for the purchase of an HDB resale flat
  • Have taken other forms of housing subsidy (for example, benefitted under the Selective En bloc Redevelopment Scheme, privatisation of HUDC estate etc)

 

Higher Quota of the EC Supply for First-time Applicants during Initial Launch Period
From 2 March 2012, the developers will set aside 70% of the supply for first-timers during the initial launch period.

Second-timer Applicants

You or the essential family members listed in your application have owned/sold or are currently owners of:

  • Any HDB flat that was bought from HDB, or
  • Any resale flat that was bought under the CPF Housing Grant Scheme, or
  • A DBSS flat or an EC bought from the developer, or
  • Have enjoyed other forms of housing subsidy (for example, enjoyed benefits under the Selective En bloc Redevelopment Scheme, privatisation of HUDC estate etc.)

 

Payment of Resale Levy
Second-timers who apply for new EC projects from Westwood Avenue onwards will have to pay a resale levy. Find out more at the Resale Levy page.

However, second-timers are not required to pay the resale levy if they apply to buy EC units in projects that were launched before 9 Dec 2013.

MOP Requirements

Before you can apply a new EC, you may have to wait out a set time period for some instances. Usual scenarios when someone:

  • Has not met the Minimum Occupation Period (MOP) of a current flat/ EC unit
  • Is a divorcee
  • Has previously cancelled a flat application, or twice chose to not book a flat

 

Before applying for the new EC unit, you need to check if you or any other flat applicant(s)/ essential occupier(s) to be listed in the EC application own any of these:

Type of Property Time Period Before You Can Apply for a New EC Unit

- HDB flat bought from HDB or on the open market

- DBSS flat bought from the developer

MOP of 5 years
- EC unit bought from the developer MOP of 5 years + 30 months from date of EC disposal

Ex-Owner of an Executive Condominium (EC)

Are you, your spouse or any of the essential occupiers listed in the application an ex-owner of an Executive Condominium bought directly from the developer? If yes, you would need to meet a 5-year period from the date of taking possession of the earlier Executive Condominium.

30-Month Period

In addition, you need to wait out a 30-month period from the effective date of disposal (i.e., date of legal completion of the sale of their Executive Condominium, evidenced by the Notice of Transfer or such other documentary evidence as HDB may require) of the Executive Condominium before you can apply to buy another Executive Condominium directly from the developer.

Essential Occupier

You or any person listed the application must not be currently listed as an essential occupier of:

  • An existing HDB flat bought directly from HDB,
  • A DBSS flat bought under the CPF Housing Grant Scheme, or,
  • A resale flat bought under the CPF Housing Grant Scheme

However, an essential occupier may apply or be included in an application only if he has stayed in the existing flat for 5 years from the *date of taking possession of the existing flat to the date of application for an EC.

* The date of taking possession refers to:

  • The date of key collection, for flats that are bought directly from HDB
  • The date of resale completion, for purchase of resale flats from the open market bought with the CPF Housing Grant
  • The date of transfer at market value of the flat bought with CPF Housing Grant
  • The date of key collection for Executive Condominium/DBSS flats bought from the developer, whichever is applicable.

Divorcees

Note:  The 3-year wait-out period will not apply where the Option-to-Purchase (OTP) is granted on or after 6 Mar 2018.

Bought an EC/DBSS Flat with CPF Housing Grant

A person who bought an EC or DBSS flat with CPF Housing Grant and terminated the Sale and Purchase Agreement may apply to buy an EC. However, this is allowed on the condition that a 5-year period has lapsed from the termination date of the Sale & Purchase Agreement of their earlier EC or DBSS flat purchase, to the date of application date for an EC.

Cancellation of Application After Booking a Flat

If you book a flat from the March 2012 Build-To-Order and Sale of Balance Flats Exercises onwards and subsequently cancel the flat booking, you will have to meet a 1-year period from the date of cancellation before you can apply or included as an essential occupier in an application for a:

  • new HDB flat
  • DBSS flat from developers
  • Executive Condominium unit from the developers
  • resale flat with CPF Housing Grant
  • resale flat that has been announced for SERS

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