Eligibility

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

Eligibility Conditions

Citizenship

  • You must be a Singaporean Citizen
  • Your family nucleus must compromise of at least another Singaporean Citizen or Singapore Permanent Resident

Age

  • You must be at least 21 years old during the point of application.
  • If you are buying an EC under the Joint Singles Scheme, you must be at least 35 years old.

Family Nucleus

Types of Scheme Family Nucleus Requirement
Public 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 (if widowed/divorced#)
Fiancé / Fiancée You, and the applicant are Fiancé / Fiancée
Orphan You and your siblings (those applying) are orphans and single, i.e. 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
Joint Singles 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

Income Ceiling

Your average gross monthly combined household income must not exceed $14,000. If your income exceeds $14,000, please contact us and we will assist to review your purchase on a case by case basis.

Special Requirement for Undischarged Bankrupts

Persons who are Undischarged Bankrupts must get prior consent from the Official Assignee (OA) or the private trustee if you are applying to purchase an EC. However, they do not need to seek the OA’s or private trustee’s approval to be listed as an occupier.

Ownership in Private Property

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
  • Between the application date till the date of taking possession of the EC

*This includes but are not limited to:

  • Privatised HUDC flats
  • 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

 

Owners/ Ex-Owners of HDB Flats/ DBSS Flats/ EC Units

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

  • 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)

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.

 

Household Status

First-Timer Applicants

To qualify as a First-Timer for a Executive Condominium (EC) purchase, you and any of the other listed owners and essential occupiers MUST NOT:

  • Be an owner of a flat bought directly from HDB, or an EC/ DBSS flat bought from the developer
  • Have sold a flat bought from HDB, or an EC/ DBSS flat bought from the developer
  • Have received any CPF Housing Grant for the purchase of an HDB resale flat
  • Have taken any form of housing subsidy (for eg. benefitted under the Selective En bloc Redevelopment Scheme (SERS) or Privatisation of a HUDC estate)
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.
If you are still unsure of your status, kindly contact us and our friendly Piermont Grand representatives will assist you.

Second-Timer Applicants

You are considered a Second-Timer for a Executive Condominium (EC) purchase, if you and any of the other listed owners and essential occupiers:

  • Have owned/ sold any of the following:
    • HDB flat bought from directly from HDB
    • Utilised CPF Housing Grant for purchase of a Resale HDB flat
    • EC/ DBSS flat bought directly from the developer
  • Have enjoyed some form of housing subsidy (e.g. benefitted under the Selective En bloc Redevelopment Scheme (SERS), HUDC estate privatisation)

Time Period Bar

Exisiting Owner or Ex-Owner of a HDB Flat

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

  • Flat bought directly from HDB
  • DBSS Flat bought directly from developer
  • Resale Flat bought using CPF Housing Grants

If you, your co-applicants or any essential occupiers belong to any of the above categories, you may apply to purchase an EC on condition the flat’s 5-year Minimum Occupation Period (MOP) has been met.

5-year MOP begins upon (whichever is applicable):

  • Date of key collection, for flats directly bought from HDB
  • Date of resale completion, for resale flats bought on the open market with CPF Housing Grants
  • Date of transfer at market value of the flat bought with CPF Housing Grants
  • Date of key collection for EC/DBSS flats bought directly from the developer

Ex-Owners of an EC

If you, your co-applicants or any of the essential occupiers listed in the application an existing owner or ex-owner of EC, you would need to meet a 5-year MOP before applying to purchase your new EC.

30-Month Period

Important: Ex-owners of ECs must wait an additional 30-month period from the EC’s effective date of disposal (i.e., date of legal completion of the sale of their EC, verified by the Notice of Transfer or such other documentary evidence as HDB may require).

Essential Occupiers

Are the essential occupiers listed in the application an existing owner or ex-owner of a:

  • Flat bought directly from HDB
  • DBSS Flat bought directly from developer
  • Resale Flat bought using CPF Housing Grants

If any essential occupiers belong to any of the above categories, you may apply to purchase an EC on condition the flat’s 5-year Minimum Occupation Period (MOP) has been met.

5-year MOP begins upon (whichever is applicable):

  • Date of key collection, for flats directly bought from HDB
  • Date of resale completion, for resale flats bought on the open market with CPF Housing Grants
  • Date of transfer at market value of the flat bought with CPF Housing Grants
  • Date of key collection for EC/DBSS flats bought directly from the developer

Divorcees

Note:  The 3-year wait-out period does not apply if the Option-to-Purchase (OTP) is granted on or after 6 Mar 2018.

3-year wait-out period

Within 3 years, starting from the date of the divorce, only one party in the divorce can own:

  • Any flat bought directly from HDB
  • Any Resale flat bought using a CPF Housing Grant
  • Any DBSS flat/ EC bought directly from the developer

 

In the event, that any of the above properties was your matrimonial home and is now owned by your ex-spouse, there is a 3 years waiting period before you can buy or be listed as an essential occupier in any of the above properties.

However, if the matrimonial home was not any of the above properties, or if there was no matrimonial home, one party in the divorce can apply for the above mentioned property types.

Take note: The other party must first sign an undertaking to not own or be listed as an essential occupier of any of the above properties within 3 years from the date of the divorce.

Waiver

A divorcee may be waived from a 3-year wait-out period or undertaking if you meet the following conditions:

  • Purchasing any of the above said properties with your parents and/ or new spouse, or
  • You are a parent and all of your children are:
    • ​Aged below 18 years old at the date of the divorce
    • Under your legal custody and you are the sole parent with the care and control of your children

Cancelled a HDB Flat Application After Booking

If you, your co-applicant or any essential occupier booked a new HDB flat and subsequently cancelled your booking, you need to fulfill a 1-year wait out from the date of the cancellation, before applying to purchase or be listed as an essential occupier for:

  • A New HDB flat
  • A DBSS flat/ EC bought from a developer
  • A Resale flat bought using a CPF Housing Grant
  • A Resale flat announced for SERS

Cancelled a EC/DBSS Flat Application After Booking

If you, your co-applicant or any essential occupier previously purchased anew EC/DBSS  and subsequently cancelled the Sales and Purchase Agreement, you need to fulfill a 5-year wait out from the date of the cancellation, before you can be eligible to apply for purchase or be listed as an essential occupier.

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