Singapore Condo Guru

How to Buy an EC?

These are the eligibility conditions to buy a new Executive Condominium (EC). For ECs, please note that they are bought from the developer, not us. Before you submit an application, we advise that you also learn more what conditions apply after you buy an EC, and find out whether you must pay a resale levy.

What are the eligibility conditions?

You and any other applicants and essential occupiers need to meet several eligibility conditions such as citizenship, age, income, and property ownership.

Overview of eligibility conditions

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

What Eligibility Schemes Do I apply Under

You can apply for a new EC under one of these eligibility schemes: Public Scheme, Fiancé/Fiancée Scheme, Orphans Scheme, and Joint Singles Scheme.

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

Fiancé/Fiancée Scheme

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

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.

Am I a first or second-timer applicant?

A first-timer applicant is a person or household that has never received any form of housing subsidy, or similar benefit; a second-timer applicant is a person or household that has. If you are a second-timer and your spouse/ spouse-to-be is a first-timer, you as a couple will enjoy first-timer privileges and priority.

There are different scenarios whereby a resale levy is payable/not payable. The amount of levy payable will depend on the date you have sold your first subsidy flat.

Resale application to sell your first subsidised flat was received: Payment Options
On or after 3 March 2006 The amount payable according to the flat type of your first subsidised flat:
Flat Type Amount
2-room* $15,000
3-room $30,000
4-room $40,000
5-room $45,000
Executive Flat $50,000
Executive Condominium bought with CPF housing grant where the land sale was launched before 9 Dec 2013 $55,000
Executive Condominium where the land sale was launched on or after 9 Dec 2013 $55,000

*Buyers of short lease 2-room flat will pay a prorated amount base on the lease of their 2-room flat.

Between 19 May 1997 and 2 March 2006 The amount is based on the resale price or 90% of the market valuation of your first subsidised flat, whichever is higher. An accrued interest of 5% a year (up to the month payment is made) if you opted to defer the payment of the resale levy. The accrued interest will be calculated from the point resale of your first subsidised flat to the date you pay the resale levy.
 
Flat Type Amount
2-room *10% / 15%
3-room 20%
4-room 22.5%
5-room & Executive 25%

* 2-room flat sellers pay a lower rate, that is, only 10% if they buy a bigger flat direct from HDB.

Before 19 May 1997 If you sold a flat during this period, you were given two options at the point when you sold your first subsidised flat:


Resale Premium
  • 10 or 20% of the purchase price of the second subsidised flat bought from the HDB.
  • If you are buying your next flat from the HDB, the resale premium will beincluded into the purchase price of your second subsidised flat.
Graded Resale Levy
 

The amount is based on the resale price or 90% of the market valuation of your first subsidised flat, whichever is higher. An accrued interest of 5% a year (up to the month payment is made) if you opted to defer the payment of the resale levy.

Flat Type Amount
2-room 5%
3-room 10%
4-room 15%
5-room 20%
Executive 25%