Executive Condominium

These are development subject to HDB rules but built by private develpers

CRETERIA OF PURCHASE

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.

Further info. can be found under HDB's website at HDB | Executive Condominium.