For applicants who wish to purchase an Executive Condominium, please note there are eligibility conditions that need to be met, in addition to paying a resale levy, if applicable.
|Public||You, the applicant and:
– Your spouse, and children (if any)
– Your parents, and siblings (if any)
– Your children under your legal custody, care and control (for widowed/divorced)
|Fiance/Fiancee||You, the applicant, and your fiance/fiancee (Marriage cert is required within 3 months of collecting keys to your unit)|
|Orphan||You, the applicant, and your unmarried siblings|
|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
Please note that the CPF Housing Grant for singles is not available when buying an EC
Within 30 months before the date of application, and between the application date and the date of taking possession of the EC, you, your spouse and any occupiers listed in the Application Form or their spouses must not own or have disposed or have an estate or interest in any other flat, house, building or land*.
*Land includes but is not limited to:
Each eligible Singaporean household can only purchase the following housing units up to a maximum of 2 times:
*Only applicable for first-timer applicants
If you have already bought two housing units, you will not be eligible to apply or be listed as an essential occupier in an application.
You and the essential family members listed in the application for purchase of the flat must not:
Higher Quota of the EC Supply for First-time Applicants during Initial Launch Period
From 2 March 2012, the developers will set aside 70% of the supply for first-timers during the initial launch period.
You or the essential family members listed in your application have owned/sold or are currently owners of:
Payment of Resale Levy
Second-timers who apply for new EC projects from Westwood Avenue onwards will have to pay a resale levy. Find out more about the Resale Levy here.
However, second-timers are not required to pay the resale levy if they apply to buy EC units in projects that were launched before 9 Dec 2013.
Before you can apply a new EC at Parc Central Residences, you may have to wait out a set time period for some instances. Here are some scenarios in which this will apply:
Before applying for the new EC unit, you need to check if you or any other flat applicant(s)/ essential occupier(s) to be listed in the EC application own any of these:
|Type of Property||Time Period Before You Can Apply for a New EC Unit|
|• HDB flat bought from HB or on the open market|
• DBSS flat bought from the developer
|MOP (Minimum Occupation Period) of 5 years|
|• EC unit bought from the developer||MOP of 5 years + 30 months from date of EC disposal|
Are you, your spouse or any of the essential occupiers listed in the application an ex-owner of an Executive Condominium bought directly from the developer? If so, you would need to meet a 5-year period from the date of taking possession of the earlier Executive Condominium.
In addition, you 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 required by HDB) of the Executive Condominium before you can apply to buy another Executive Condominium directly from the developer.
You or any person listed the application must not be currently listed as an essential occupier of:
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 3-year wait-out period will not apply where the Option-to-Purchase (OTP) is granted on or after 6 Mar 2018.
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 allowed on the condition that a 5-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 date for an EC.
If you had booked a flat from the March 2012 Build-To-Order and Sale of Balance Flats Exercises onwards and subsequently cancelled the flat booking, you will have to meet a 1-year period from the date of cancellation before you can apply or included as an essential occupier in an application for a: