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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.
You and all persons listed in the EC application have to meet the eligibility conditions.
You have to qualify for any of the eligibility schemes:
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:
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:
Previous housing subsidies
A subsidised housing unit refers to:
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.
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.
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:
Prepare the required documents based on the nature of employment as listed below. The developer may also request other documents for verification, if needed.
Note: If your income includes allowances, we will require 6 months’ payslips preceding the month of application/ booking.
Find out about the CPF Housing Grants available for purchase of an Executive Condominium unit.
Get started with your purchase by finding out about the buying process for an Executive Condominium unit.
Check out the list of projects and information on buying an Executive Condominium unit on the open market.
Learn about the conditions that buyers have to follow after purchaing an Executive Condominium unit from a property developer.