Eligibility

You must meet the eligibility conditions to buy an Executive Condominium (EC) unit from a property developer. Please also find out if you must pay a resale levy and what conditions will apply after you buy an EC unit, before you apply for an EC unit.

Eligibility conditions

You and all persons listed in the EC application have to meet the eligibility conditions.

Family nucleus

You have to qualify for any of the eligibility schemes:

  • Public Scheme
  • Fiancé/Fiancée Scheme
  • Orphans Scheme
  • Joint Singles Scheme

Citizenship

  • You must be a Singapore Citizen (SC)
  • At least 1 other applicant must be a SC or Singapore Permanent Resident (SPR)
  • All singles must be SCs if they apply under the Joint Singles Scheme

Age

  • At least 21 years old
  • At least 35 years old, if they apply under the Joint Singles Scheme

Monthly household income ceiling

Your monthly household income must not exceed $16,000.

Ownership/ Interest in property in Singapore or overseas other than HDB flat

All applicants and occupiers listed in the flat application:

  • Must not own or have an interest in any local or overseas private property
  • Have not disposed of any private property in the last 30 months before the application to buy an EC unit from a property developer

Private properties include but are not limited to houses, buildings, land, EC units and privatised HUDC flats. You are deemed as having acquired interest in a property which is:

  • Acquired by gift
  • Inherited as a beneficiary under a will or from the Interstate Succession Act
  • Owned, acquired, or disposed of through nominees

Previous housing subsidies

A subsidised housing unit refers to:

  • A flat bought from HDB
  • A resale flat bought with CPF housing grant
  • A Design Build and Sell Scheme (DBSS) flat bought from a property developer
  • An EC unit bought from a property developer
  • Other forms of housing subsidy (e.g. enjoyed benefits under the Selective En bloc Redevelopment Scheme (SERS), privatisation of HUDC estate, etc)

If you have not taken a housing subsidy before, you are a first timer and may buy an EC unit from a property developer.

If you have taken a housing subsidy, you are a second-timer and may buy an EC unit from a property developer. You have to pay a resale levy. Find out more on the resale levy payable.

If you have already bought 2 subsidised housing, you will not be eligible to apply or be listed as an essential occupier to buy an EC unit from a property developer.

Ownership/ Interest in HDB flat

If you or any persons listed in the application have an interest in any HDB flat, you must dispose of the interest within 6 months of completion of the EC purchase.

Undischarged bankrupt

Prior consent must be obtained from the Official Assignee (OA) or the private trustee for the purchase of an EC unit.

However, occupiers who are bankrupts do not need prior consent.

Wait-out period for applying EC

Cancellation of application after booking a flat

If you booked a flat and subsequently cancel your booking, you must wait out a 1-year period from the date of the cancellation before you may apply or be listed as an essential occupier to buy an EC unit from a property developer.

Terminated the Sale and Purchase Agreement for an EC/ DBSS flat

If you had previously bought an EC unit/ DBSS flat from a property developer and subsequently terminated the Sale and Purchase Agreement, you must wait out a 5-year period from the date of the termination before you may apply or be listed as an essential occupier to buy an EC unit from a property developer.

Documents required

An overview of the documents required when you submit an EC application to the developer.

When you book an EC unit with the developer, you must bring along the following documents of all the persons listed in your EC application:

Identity documents

  • Identity cards of all listed applicants/ occupants
    • If you are employed, or serving National Service under the Singapore Armed Forces/ Civil Defence/ Police Force, you will have to log in to the Singpass app to facilitate verification of your digital IC
  • Passport for non-citizens
  • Birth certificate(s) of your child(ren)

Verification of relationship

  • Marriage certificate, if you are married; or divorce certificate, if you are divorced
  • Death certificate of spouse, if spouse is deceased

Income documents

Prepare the required documents based on the nature of employment as listed below. The developer may also request other documents for verification, if needed.

Nature of Employment Documents to Submit Notes
Employed person
  • 3 months’ payslips preceding the month of application/ booking

or

  • Letter from employer certifying salaries for 3 months preceding the month of application/ booking; the letter must contain:
    • Company stamp/ letterhead
    • Certifying officer’s name, signature, and designation

Note: If your income includes allowances, we will require 6 months’ payslips preceding the month of application/ booking.

  • Assessment is based on the average gross monthly income, which:
    • Excludes bonuses and income earned from ad hoc overtime work
    • Includes allowances (fixed/ variable) received on a regular basis (e.g. allowances for food, transport, laundry, uniform, etc.)
  • If you are employed full-time but on no-pay leave for less than 6 months, we will consider you as employed and use your last drawn pay for assessment. If you are on no-pay leave for 6 months or more, your income will not be considered in the assessment
  • Notice of Assessment (NOA) from the Inland Revenue Authority of Singapore (IRAS) will not be accepted
Self-employed person
(including private hire drivers, stallholders, etc.)
  • Latest NOA from IRAS or Statement of Annual Accounts certified by an audit firm

and

and

  • Undertaking affirming the average gross monthly income for 6 months preceding the month of application/ booking
  • Assessment is based on the average gross monthly income
Part-time worker/ Commission-based person
  • 6 months’ commission statements/ payslips preceding the month of application/ booking

or

  • Letter from employer certifying salaries for 6 months preceding the month of application/ booking; the letter must contain:
    • Company stamp/ letterhead
    • Certifying officer’s name, signature, and designation
  • Assessment is based on the average gross monthly income
Odd job worker (including freelancers, etc.)

or

  • Letter from employer certifying salaries for 6 months preceding the month of application/ booking; the letter must contain:
    • Company stamp/ letterhead
    • Certifying officer’s name, signature, and designation
  • Assessment is based on the average gross monthly income
Unemployed person (from 18 to 62 years old)
  • Undertaking affirming the unemployment status

or

  • Valid Student Pass or letter from school/ college/ institute of learning to confirm student status, if currently a full-time student
  • If unemployed for less than 3 months, the following documents are required:
    • Income proof for the preceding month(s) from the previous employer stating gross monthly income and last day of service
    • Latest 15 months’ CPF contribution history
Income/ allowance that will be considered for income assessment
  • Allowances (fixed/ variable) received on a regular basis, e.g. allowances for food, transport, laundry, uniform, etc.
  • Sustenance allowance
  • Stipend received on a regular basis for work conducted for the educational institute, during the full-time studies
Income/ allowance that will not be considered for income assessment
  • Alimony allowance
  • Bonuses
  • Director's fee
  • Income from ad hoc overtime work
  • Interest from deposit accounts
  • National Service Allowance
  • Rental income
  • Scholarship overseas allowance
  • Overseas cost of living allowance
  • Pension