Eligibility

You have to qualify for any of the eligibility schemes if the Main Applicant is at least 21 years old:

- Public scheme
- Fiance/Fiancee Scheme
- Orphans Scheme
- Joint Singles Scheme

Public Scheme: Apply with your spouse, children, and/or parents.

Fiancé/Fiancée Scheme: Apply with your future spouse (you must register your marriage within 3 months of key collection).

Orphans Scheme: Apply with your siblings if both parents are deceased.

Joint Singles Scheme: At least 2 singles above the age of 35 can buy a new EC.

Main applicant: Must be a Singapore Citizen (SC).

Co-applicant: Must be either a Singapore Citizen (SC) or a Singapore Permanent Resident (SPR).

For Joint Single Scheme, all singles must be SC (Maximum of 4 singles)

The household income cap for new EC purchases is S$16,000 per month (combined income of all applicants).

Yes, you can buy a new executive condominium (EC) if you currently own an HDB flat, but you must sell your HDB flat within six months of the EC's Temporary Occupation Permit (TOP) date.

There are 2 types of payment scheme.

1. Normal Payment Scheme (NPS),

2. Deferred Payment Scheme (DPS).

The advantages of DPS as they will only be required to pay 80% of the EC price upon TOP. For HDB owners, DPS is preferred as they are able to cash out their HDB to upgrade to an EC.

HDB owners must sell their HDB flat within six months of purchasing an Executive Condo (EC). If you are buying a brand-new EC, the six-month period starts from the date the developer issues the Notice of Vacant Possession.

There are up to $30,000 CPF Housing Grant available for First-Time Applicants.

Second-Timer Applicants are not eligible for CPF Housing Grants.

Resale levy is applicable if you have previously bought a subsidised housing.

Applicants must not have bought more than one of the following previously:

A new HDB flat,

A DBSS (Design, Build and Sell Scheme) flat,

Another EC.

If you have previously bought one of the above, you can still apply for a second EC, but a resale levy will apply. If you have previously bought a first EC, you have a wait-out period of 30 months before buying a second EC.

You must not own:

Any private property (local or overseas), and Must not have disposed of any private property within the last 30 months before applying.

If you have booked a subsidised flat, you must wait out at least 1-year period from the date of cancellation before you may apply or be listed as an essential occupier to buy an EC unit.

You must live in the EC for at least 5 years before selling it on the open market.

During this period, you cannot rent out the entire unit (only rooms).

After 5 years, Singaporeans and PRs can buy resale ECs.

After 10 years, the EC is fully privatised, and can be sold to foreigners.

An undischarged bankrupt can potentially buy an Executive Condominium (EC) in Singapore, but they must first obtain prior consent from the Official Assignee (OA) or a private trustee. The OA's approval is a mandatory step in the process.