Eligibility Conditions

You and all persons listed in the application for an EC unit must meet the eligibility conditions.

A household’s eligibility for housing subsidies is assessed based on the core family nucleus, which is formed by the core member(s). Core members refer to the applicant(s) and occupier(s) who enable the household to qualify for the EC unit purchase under an eligibility scheme. All core members must remain in the EC application, and physically occupy the EC unit during the minimum occupation period (MOP) after the EC unit purchase. Their names cannot be removed.

EC Schemes

Income

The average gross income of all persons listed in the application form must not exceed $16,000 per month.
Income/ allowance that will be considered for income assessment
  • Allowances (fixed/ variable) received on a regular basis (e.g. allowances for food, transport, laundry, uniform, etc.)
  • Sustenance allowance
  • Stipend
  • Director's fee
  • Income from overtime work
  • Incentives
  • Claims / reimbursements
  • Employees’ benefits e.g. birthday incentives, marriage tokens, etc.
  • Overseas cost of living allowances for working persons
  • Pupillage/ stipends
Income/ allowance that will not be considered for income assessment
  • Alimony allowance
  • Bonuses
  • Annual Wage Supplement
  • Interest from deposit accounts
  • National Service Allowance
  • Rental income
  • Overseas allowances for applicants on scholarship
  • Pension

Proof of Income

Quota for First-timers

More units will be allocated to first-timer applicants. The Developer cannot sell more than 30% of the launched units to second-timer applicants. The quota will be lifted one month after the public launch date. Under such circumstances, if the applicant is a Second- timer and the Second-timer quota has been met, the Developer reserves the right to reject/ cancel their booking. 

Ownership or interest in property

You are not eligible to buy an EC unit if you or your spouse or any occupiers listed in the application or their spouses:

 have at any time within 30 months before the date of making an application to the Developer to buy an EC unit, or between the date of the application and five years from the date of Temporary Occupation Permit of the EC development, acquired, sold or disposed of any flat house building or land* of which he was the owner, or divested himself of any interest therein.

You are considered to own or have an interest in a property if you have acquired a property through purchase or when it is:

1) Acquired by gift;
2) Inherited as a beneficiary under a will or from the Intestate Succession Act;
3) Owned, acquired, or disposed of through nominees; or
4) Acquired by holding on trust for another person/ entity.

The conditions on ownership/ interest in private residential and non-residential property apply to all local and overseas properties that are completed or uncompleted.

Wait-out Period

If you, your spouse or an core occupier listed in the EC application own or used to own a flat bought from HDB, a DBSS flat or an HDB resale flat (“the flat”), you may apply to buy an EC unit or be listed as an occupier of the EC unit, as long as five years (not including any period when you rent out the whole flat) have passed from the date of collection of keys of the flat to the date of this application for an EC unit. This five-year period also applies to ex-EC owners and current EC owners. 

 If you have bought an EC unit or DBSS flat with CPF Housing Grant and terminated the Sale and Purchase Agreement, you may apply to buy an EC unit on condition that five years have passed from the date of the termination of the Sale and Purchase Agreement of your earlier EC unit or DBSS flat purchase, to the date of this application to buy an EC unit. 

Debts owing to HDB

If you or anyone listed in the application form has a debt and/or unpaid registration deposit or such other amount due and owing to HDB, you must pay up the debt in full with interest to HDB, as well as an administrative charge determined by HDB before you can apply to buy or take possession of the new EC unit. 

Debarment

If you are not eligible to buy a flat from HDB under any of the HDB’s or the Government’s rules, regulations or policies, you will also not be eligible to buy an EC unit or be listed as occupier in an application for an EC unit.

MOP for existing flat

The MOP for EC unit is computed from the date of Temporary Occupation Permit (TOP) of the EC development. The MOP for HDB or DBSS flats is computed from the date of collection of keys of the HDB flat or DBSS flat.

You may login to HDB portal to check your MOP date.

Not sure if you qualify? Get in touch!

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