Executive Condominium Eligibility

EC eligibility checlist

Please read through the EC eligibility checklist before you make an E-aplication.

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What are the eligibility conditions?

These are the eligibility conditions to buy a new Executive Condominium (EC) from a developer. Before you submit for an application, learn what conditions apply and find out you must pay a resale levy.

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

  • The total income of all persons listed in the EC application must not exceed $16,000.

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
  • For EC land sales launched on or after 9 May 2023 (including those where the tenders have not closed) all persons listed in the EC application can, as a household, own up to 1 non-residential property* at EC application and up to 30 months before EC application.
* Non-residential property is a property under a non-residential land zoning and /or the permitted use does not include housing.
[1] Eg. residential with commercial at 1st storey or commercial and residential
[2] Eg, properties with a residential component, such as HDB shop with living quarters.

Eligibility Schemes:

You and any other applicants and essential occupiers need to meet several eligibility conditions

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#)

#If the care and control of your children under the age of 21 is shared with your ex-spouse, you must obtain his/her written agreement before you can list your children in an EC application.

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

Submission of marriage certificate

Under this scheme, you need to submit a photocopy of your marriage certificate to the developer within 3 months* of collecting your keys to the EC unit.

*Applicable for Option To Purchase granted by property developer on or after 1 May 2018

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, and they are not applying for / owning / renting a flat separately
  • At least 1 of the deceased parents was a Singapore Citizen or Singapore Permanent Resident
  • You and up to 3 other singles as core applicants

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.

Income Ceiling:

Your average gross monthly household income must not exceed ^$16,000.

For your flat application, you and the other applicants and essential occupiers will need to get ready the following documents for our verification:

  • 12 months’ payslips preceding the month of application, if employed full-time (not on commission-basis)
  • 12 months’ of income documents preceding the month of application, for other types of employment
  • Proof of unemployment, if not working

Aside from the above documents, we may also request other documents for verification if needed.

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
Income/ allowance that will not be considered for income assessment

  • Alimony allowance

  • Bonuses

  • Director’s fee

  • Income from ad hoc overtime work

  • Interest from deposit accounts

  • National Service Allowance

  • Rental income

  • Scholarship overseas allowance

  • Overseas cost of living allowance

  • Pension

  • 12 months’ payslips preceding the month of application

or

  • Letter from employer certifying salaries for 12 months preceding the month of application; the letter must contain the:
    • Company stamp/ letterhead
    • Certifying officer’s name, signature, and designation

Note: If your income includes allowances, we will require 12 months’ payslips preceding the month of application.

  • Latest NOA from IRAS or Statement of Annual Accounts certified by an audit firm

and

and

  • Undertaking affirming the average gross monthly income for 6 months preceding the month of application
  • 6 months’ payslips preceding the month of application

or

  • Letter from employer certifying salaries for 6 months preceding the month of application; the letter must contain the:
    • Company stamp/ letterhead
    • Certifying officer’s name, signature, and designation
  • 6 months’ commission statements/ payslips preceding the month of application

or

  • Letter from employer certifying salaries for 6 months preceding the month of application; the letter must contain the:
    • Company stamp/ letterhead
    • Certifying officer’s name, signature, and designation

or

  • Letter from employer certifying salaries for 6 months preceding the month of application; the letter must contain the:
    • Company stamp/ letterhead
    • Certifying officer’s name, signature, and designation
  • Undertaking affirming the unemployment status

or 

  • Valid Student Pass or letter from school/ college/ institute of learning to confirm student status, if currently a full-time student
  • If unemployed for less than 3 months, the following documents are required:
    • Income proof for the preceding month(s) from the previous employer stating gross monthly income and last day of service
    • Latest 15 months’ CPF contribution history

First Timer or Second Timer:

A first-timmer applicant is a person or household that has never received any form of housing grant subsidy, or similar benefits; 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.

First-timers enjoy privileges and priority in flat allocation.

Yours will be treated as a first-timer application if you and any of the other listed owners and essential occupiers meet the following criteria:

  • Not the owner of a flat bought from HDB, or an EC/ DBSS flat bought from a developer
  • Not sold a flat bought from HDB, or an EC/ DBSS flat bought from a developer
  • Not received any CPF Housing Grant for the purchase of an HDB resale flat
  • Not taken any form of housing subsidy (e.g. benefitted under the Selective En bloc Redevelopment Scheme (SERS) or HUDC estate privatisation)
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.

These are the CPF Housing Grants available for Executive Condominium (EC) purchases from developers:

  • Family Grant
  • Half-Housing Grant

You and any co-applicants must be eligible for the grant at the point of booking the EC.

Average gross monthly household income of all persons in application, i.e. applicants and occupiers

Family Grant

Half-Housing Grant

If you are a first-timer (FT) SC and your co-applicant is a second-timer (ST) who has previously taken 1 housing subsidy, i.e. FT/ ST couple

Singapore Citizen (SC/  SC) Household

SC/ Singapore Permanent Resident (SC/ SPR) Household

$10,000 or lower

$30,000

$20,000

$15,000

$10,001 to $11,000

$20,000

$10,000

$10,000

$11,001 to $12,000

$10,000

Nil

$5,000

$12,001 to $14,000

Nil

Nil

Nil

Check if you are a first-timer applicant

You will be considered a first-timer applicant if you have not received any housing subsidy from HDB, which means that you must not:

  • Be the owner of a flat bought from HDB
  • Have sold a flat bought from HDB
  • Have taken the CPF Housing Grant to buy an EC, Design, Build and Sell Scheme (DBSS) flat or an HDB resale flat, or taken over ownership of such a flat or EC
  • Have transferred the ownership of a flat bought directly from HDB, or an HDB resale flat bought with a CPF Housing Grant
  • Have ever taken other forms of housing subsidy, such as Selective En bloc Redevelopment Scheme benefits or privatisation of HUDC estate

Citizen Top-Up (for SC/ SPR households)

You can apply for the Citizen Top-Up of $10,000 when a qualifying member of your SC/ SPR household obtains Singapore citizenship. You need to submit your application to HDB within 6 months of being eligible for it.

How to apply

You can apply for the CPF Housing Grant when booking your EC with the developer.

Disbursement

CPF Housing Grants are fully credited into the CPF Ordinary Accounts of eligible Singapore Citizen (SC) applicants. No cash is disbursed.

Type of Applicants

Distribution of Grant

Sole SC applicant

Full grant                         

Joint SC applicants (husband and wife)

Half of the full grant each

FT/ST couple

Full grant given to the SC FT, who must be a co-applicant

Multi-nuclei SC applicants, such as:

  • Married siblings with their respective spouses
  • Parents and married child

Grant given only to a maximum of 2 applicants who are husband and wife

Usage

The CPF Housing Grants can be used to:

  • Offset the balance downpayment for the EC and subsequent payments towards the purchase price
  • Reduce the mortgage loan for the EC

The grant cannot be used for the minimum cash downpayment (if any) and monthly mortgage instalment payments.

The grant will also be included in the computation of the CPF withdrawal limit.

Yours will be treated as a second-timer application if any of the following applies to you or any of the other listed owners and essential occupiers:
  • Have owned or sold any of the following:
    • HDB flat bought from HDB
    • Resale flat bought using a CPF Housing Grant
    • EC/ DBSS flat bought from the developer
  • Once taken some form of housing subsidy (e.g. benefitted under the Selective En bloc Redevelopment Scheme (SERS), HUDC estate privatisation)

If you previously bought a new flat from HDB, Design, Build and Sell Scheme (DBSS) flat or Executive Condominium (EC) from a developer, or received a CPF Housing Grant, find out if you need to pay a resale levy when you purchase your next home.

The resale levy maintains a fair allocation of public housing subsidies between first-timers and second-timers by reducing the subsidy enjoyed for the second HDB flat or EC.

This fixed resale levy amount gives greater certainty for financial planning, be it for upgrading to a larger flat, or right-sizing to a smaller flat.

First Subsidised Housing Type

Resale Levy Amount

Households

Single Grant recipients

2-room flat

$15,000

$7,500

3-room flat

$30,000

$15,000

4-room flat

$40,000

$20,000

5-room flat

$45,000

$22,500

Executive flat

$50,000

$25,000

Executive Condominium

$55,000

Not applicable

The resale levy payable is determined at the point you book your second subsidised flat. It applies regardless of ownership type (joint-tenancy or tenancy-in-common) or shared interest in the flat. Payment can only be made by way of your flat sale proceeds and/ or cash. HDB mortgage financing will not be extended to the payment of a resale levy.

When and how payment is made

Flat Sale Timeline

Resale Levy Payment

First subsidised flat was disposed of after taking possession of the second subsidised flat

  • Resale levy deducted from the sale proceeds upon the sale of the first subsidised flat
  • Any shortfall to be paid in cash

First subsidised flat was disposed of before taking possession of the second subsidised flat

  • Resale levy paid in cash upon taking possession of the second subsidised flat

If you have booked a flat from HDB and subsequently cancel your flat booking, you must wait out a 1-year period from the date of the cancellation before you may apply or be listed as a core occupier to buy an EC unit from a property developer.

If you had previously bought an EC unit from a property developer with a CPF Housing Grant and subsequently terminated the Sale and Purchase Agreement, you must wait out a 5-year period from the date of the termination before you may apply or be listed as a core occupier to buy an EC unit from a property developer.

If you currently own or have recently disposed of your ownership in an EC unit, you must wait out a 30-month period from the date of disposal of the EC unit before you may apply or be listed as a core occupier in an application to buy another EC unit from a property developer, subject to other eligibility conditions.

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