You must meet the following conditions to buy an Executive Condominium (EC).

• • Citizenship
  • Age
  • Family Nucleus
  • Income Ceiling
  • Special Requirement for Undischarged Bankrupts
  • Ownership in Private Property
  • Owners/Ex-owners of HDB Flats/DBSS/EC units

• First Timer Applicants
• Second Timer Applicants

• Existing Owner or Ex-Owner of an HDB Flat
• Ex-Owner of an EC
• Essential Occupier
• Divorcees
• Bought an EC/DBSS Flat with CPF Housing Grant

Citizenship

• • You must be a Singapore Citizen.
  • At least 1 other applicant must be a 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

You must form a proper family nucleus under one of the following schemes:

You may buy Dual Key EC units if you form a multi-generation family as follows:

A multi-generation family is any of the following:

• Married couple with parents/grandparents
• Fiance/Fiancee couple with parents/grandparents
• Widowed/Divorced with children and parents/grandparents

Income Ceiling

Your average gross monthly household income must not exceed $16,000. If your income exceeds $16,000 please contact us and we will assist to review your purchase on case by case basis.

Special Requirement for Undischarged Bankrupts

Undischarged bankrupts need to seek the Official Assignee (OA)’s consent if they are applying 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 the property 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 HDB
• a resale flat with CPF Housing Grant*
• a DBSS flat from developer
• an EC unit from developer

*Only applicable for first timer applicants

If you have already bought more than twice of the above, 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 the 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 a HDB resale flat
• Have taken other forms of housing subsidy (for example, benefited under the Selective En Bloc Redevelopment Scheme, privatisation of HUDC Estate etc)

Second Timer Applicants

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

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

Resale Levy

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

Existing Owner or Ex-Owner of an HDB Flat

Are you, your spouse or any of the essential occupiers listed in the application an existing owner or ex-owner of a:

• Flat bought direct from HDB
• DBSS flat bought direct from developer
• Resale flat bought under the CPF Housing Grant Scheme

If you belong to any of the above categories, you may apply to buy an EC on condition that a 5 year period (excluding any period of subletting of the whole flat) has lapsed from the *date of taking possession of the flat to the date of application for a new EC

*The date of taking possession refers to the following dates (whichever is applicable):

• Date of key collection, for flats that are bought direct from HDB
• Date of resale completion, for purchase of resale flats from the open market bought with the CPF Housing Grant
• Date of transfer at market value of the flat bought with the CPF Housing Grant
• Date of key collection for EC/DBSS flats bought from the developer

Ex-Owner of an EC

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

30-Month Period

In addition, you would 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 other person listed in the application must not be currently listed as an essential occupier of:

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

Within three years from the date of divorce, only one party in the divorce can own one of the following housing units:

• a flat bought directly from HDB
• a DBSS flat/EC bought directly from a private developer
• a resale flat bought from open market under the CPF Housing Grant Scheme

If you have an existing matrimonial home, which is one of the above, and that home is retained by your ex-spouse, you may apply to buy or be listed as an essential occupier in any of the above housing unit only three years after your date of divorce.

However, this three year wait out period will not apply if you are buying any of the above homes with your parents or a new spouse or if you are buying a resale flat from the open market without CPF Housing Grant.

If there is no matrimonial home or the matrimonial home was bought from the open market without any CPF Housing Grant, you may apply for any of the above housing units after you get your ex-spouse’s consent not to own or be listed as an essential occupier in any of the above housing units within the three year period  from the date of divorce.

The requirement for ex-spouse’s consent is waived if you are buying any of the above housing units with your parents or a new spouse or if you are buying a resale flat from the open market without the CPF Housing Grant.

The requirement to seek ex-spouse’s consent during the three year period from the date of divorce is also waived if you are meeting the following conditions:

• All your children are below 18 years old at the date of divorce; and
• You have the legal custody of all your children and are also the only parent with the care and control of all your children

Person who 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 on the condition that a 1-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 for an EC.

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