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EXECUTIVE CONDOMINIUM (EC) ELIGIBILITY

Posted by alan mok on November 20, 2017
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Executive Condominium Eligibility

Family nucleus

You will need to qualify for the EC under one of these eligibility schemes:

  • Public Scheme

  • Fiancé/Fiancée Scheme

  • Orphans Scheme

  • Joint Singles Scheme

Citizenship

  • You must be a Singapore Citizen

  • At least 1 other applicant must be a Singapore Citizen or Singapore Permanent Resident

  • All singles must be Singapore Citizens if applying under the Joint Singles Scheme

Age

  • At least 21 years old

  • At least 35 years old, if applying under the Joint Singles Scheme

Income ceiling

  • Your household income must not exceed the $14,000 income ceiling.

Property ownership

  • You do not own other property overseas or locally, or have not disposed of any within the last 30 months

  • You have not bought a new HDB/ DBSS flat or EC, or received a CPF Housing Grant before; or, have only bought 1 of these properties/ received 1 CPF Housing Grant thus far


Public Scheme

You form a family nucleus with any of the following:

  • Spouse, and children (if any)

  • Parents, and siblings (if any)

  • Children under your legal custody, care, and control (for widowed/ divorced applicants)

No change of people listed in the application

Applications under this scheme are only valid if there are no changes to the people listed – you are not allowed to replace your parents’ names with that of a spouse, or vice versa.

If applying for a dual-key EC as a multi-generation family

A multi-generation family is any of the following:

  • Married/ engaged couple and parents/ grandparents

  • Widowed/ divorced with children and parents/ grandparents

 

Fiance/Fiancee Scheme

You form a family nucleus with your spouse-to-be.

Submission of marriage certificate

Under this scheme, you need to submit a copy of your marriage certificate to the developer.

If You: Applied for a CPF Housing Grant

Submit Copy of Marriage Certificate: Before taking possession of your EC

If You: Did not apply for a CPF Housing Grant

Submit Copy of Marriage Certificate: Within 3 months of taking possession of your EC

Written parental consent needed if spouse-to-be is 18 years old and above, but below 21

  • That person can only be listed as an essential occupier in the flat application

  • Written consent from that person’s parents/ guardians must be submitted during the EC selection appointment.

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 it to us during the EC selection appointment.

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 cases of break-up, you are not allowed to later put in the name(s) of a new spouse-to-be or of 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

A multi-generation family is any of the following:

  • Married/ engaged couple and parents/ grandparents

  • Widowed/ divorced with children and parents/ grandparents

Orphans Scheme

You and your siblings (those applying) 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

Note that under the Orphans Scheme, siblings are not allowed to buy or rent flats separately.

Joint Singles 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.


Income Ceiling

Your average gross monthly household income must not exceed $14,000.

Income documents to prepare

You and any other applicants and essential occupiers will need to prepare:

  • Latest 3 months’ payslips if employed full-time

  • 12 months’ of income documents for other employment types

  • Proof of unemployment if not working

Specific documents are needed depending on your nature of employment. Also, please note that some forms of income/ allowance are not included when assessing your household income.

please contact us and we will assist to review your purchase on case by case basis.

Income/ allowance that will be considered for the income ceiling

  • Allowances (fixed/ variable) received on a regular basis (e.g. allowances for food, transport, laundry, uniform, etc.)

  • Pension

  • Stipend

  • Sustenance

Income/ allowance not considered for the income ceiling

  • Alimony allowance

  • Bonuses

  • Director fees

  • Income from overtime work

  • Interest from deposit accounts

  • National Service Allowance

  • Rental income

  • Scholarship overseas allowance

Special Requirement for Undischarged Bankrupts

Prior consent must be obtained from the Official Assignee (OA) or the private trustee if you are applying to buy an EC. You do not need to seek prior consent from the OA or the private trustee to be listed as an occupier.


Am I First or Second-Timer Applicant?

First-timer applicant

First-timers enjoy privileges and priority in flat allocation.

Yours 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 from HDB, or an EC/ DBSS flat bought from a developer

  • Not sold a flat bought from HDB, or an 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 (e.g. benefitted under the Selective En bloc Redevelopment Scheme (SERS) or HUDC estate privatisation)

If you are a second-timer and your spouse/ spouse-to-be is a first-timer, you will be glad to know that you and your spouse/ spouse-to-be will enjoy first-timer privileges and priority as a couple.

Second-timer applicant

Yours will be treated as a second-timer application 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 (e.g. benefitted under the Selective En bloc Redevelopment Scheme (SERS), HUDC estate privatisation)

  • Second-timers who apply for this project will have to pay a resale levy.

Are there any time periods during which I cannot apply for an EC?

Yes. There are instances where you may need to wait out a set time period before you can apply or be listed in the application for a new EC. This usually happens when someone:

  • Has not yet met a current flat/ EC’s Minimum Occupation Period (MOP)

  • Is a divorcee

  • Has previously cancelled an HDB flat application or terminated the Sale and Purchase Agreement for a DBSS flat/ EC


 MOP requirements: current owner of a flat/ EC

Before applying for the new EC, do you or any other flat applicants and essential occupiers to be listed in the flat application own any of these?

  • Flat bought from HDB

  • Resale flat bought with a CPF Housing Grant

  • DBSS flat/ EC bought from the developer

If so, that person must have already met that flat/ EC’s 5-year MOP before being allowed to apply for a new EC.

In the case of current/ prior EC ownership, you must also wait out a 30-month period from the EC’s effective date of disposal as evidenced by your Notice of Transfer, or any other such documentation requested.

 

Type of Property Owned:

  • HDB flat bought from HDB

  • Resale flat bought with a CPF Housing Grant

  • DBSS flat bought from the developer

Time Period Before You Can Apply for a New EC:

  • MOP of 5 years

Type of Property Owned:

  • EC bought from the developer

Time Period Before You Can Apply for a New EC:

  • MOP of 5 years + 30 months from date of EC disposal


 MOP requirements: essential occupier of a flat/ EC

An essential occupier of the following must have already met that flat/ EC’s 5-year MOP before being allowed to be listed in a new EC application, whether as an owner or essential occupier:

  • Flat bought from HDB

  • Resale flat bought with a CPF Housing Grant

  • DBSS flat/ EC bought from the developer

Essential Occupier In:

  • HDB flat bought from HDB

  • Resale flat bought with a CPF Housing Grant

  • EC/ DBSS flat bought from the developer

Time Period Before You Can Apply for a New EC:

  • MOP of 5 years


Divorcee

In case of a divorce, conditions will apply for the following types of property:

  • Flat bought from HDB

  • Resale flat bought with a CPF Housing Grant

  • DBSS flat/ EC bought from the developer

3-year wait-out period

  • For 3 years from the date of the divorce, only 1 party in the divorce can own any of the above properties

  • If any of the above properties was the matrimonial home and is now owned by your ex-spouse, you must wait for 3 years before you can buy or be listed as an essential occupier in one

  • If the matrimonial home was not one of the above, or if there was no matrimonial home, 1 party can apply for the abovementioned property types. However, the other party must first undertake to not own or be listed as an essential occupier of said properties for 3 years from the date of the divorce

Exception

There is no need for any 3-year wait-out period or undertaking if you are:

  • Buying one of the above properties with your parents and/ or new spouse

  • A parent meeting these conditions:

    • ​All of your children are aged below 18 at the date of the divorce

    • All the children are under your legal custody and you are the only parent given the care and control of your children

Assistance

For flat applications, priority flat allocation can be given under our Assistance Scheme for Second-Timers (Divorced/Widowed Parents) (ASSIST).


 Cancelled an HDB flat application after booking a flat

If you booked a new HDB flat and subsequently cancel your booking, you must wait out a 1-year period from the date of the cancellation before you can apply or be listed as an essential occupier of a:

  • New HDB flat

  • DBSS flat/ EC bought from a developer

  • Resale flat bought using a CPF Housing Grant

  • Resale flat announced for SERS


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

If you had previously bought a DBSS flat/ EC using a CPF Housing Grant and subsequently terminated the Sale and Purchase Agreement, you must wait out a 5-year period from the date of the termination before you can apply or be listed as an essential occupier of an EC.

Can I get a new EC flat if I used to / still own or have full / partial interest in local / overseas non-HDB property?

No, you may not. For an EC flat application, all the listed owners and essential occupiers must not own, dispose, or have an estate or interest in any other local or overseas property:

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

The properties considered in this instance include but are 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 property

  • Properties owned, acquired, or disposed through nominees, regardless of properties’ location

Can I get a new EC if I used to / still own an HDB flat, DBSS flat, or EC?

Yes, provided that you only own/ owned 1 of the following units prior to your application:

  • Flat bought from HDB

  • EC/ DBSS flat bought from the developer

  • HDB resale flat bought using a CPF Housing Grant (only applies to first-timer applicants)

In essence, an eligible Singapore Citizen is allowed to buy the above properties twice in total, not twice per type of property.

If you have already bought 2 such properties, you will not be eligible to apply for an EC or be listed as an essential occupier in an application.

Source: http://www.hdb.gov.sg/cs/infoweb/residential/buying-a-flat/new/eligibility/executive-condominiums

 

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Disclaimer: This article is meant for research and educational purposes only. All information, especially property ownership laws, are subjected to changes and no responsibility shall be held on the accuracy. All sorts of property investments can be risky and investors are expected to perform their own due diligence before committing into any purchase.

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