Anonymous

07 Jun 2019

∙

Question about eligibility to apply for an EC?

Hi there was looking through the eligibility conditions in getting an EC, and am kinda confused. Im currently waitig for me and my gf’s BTO to be ready, but just chanced upon EC so just wanted to take a look!

As per HDB, it mentioned the condition as not owning a property or disposed any. However at the bottom they mentioned that you are able to apply for EC as long as i only own not more than 1 flat bought from HDB. Could someone explain if in the future we only have 1 HDB, can we get an EC?

3

Discussion (3)

What are your thoughts?

Learn how to style your text

Henry Hoe Yong Zhi

07 Jun 2019

Music & Audio Technology at Singapore Polytechnic

Nope. You cannot purchase an EC if you are currently holding onto a HDB. You will need to sell your current HDB within 6 months of buying an EC.

EC works just like HDB but is actually a condominium which converts into a "private property" after 10 years, just that it is usually 99 years and not freehold. After 5 years from TOP you can sell it to Singapore citizens or PRs, and after 10 years you can sell it to the open market (foreigners or businesses).

Reply

Save

View 2 replies

Write your thoughts

Related Posts

Is the eligibility of purchasing new EC & HDB unit the same other than having income capped for EC? If my household income is too high for a new EC, is it true that I can only buy new HDB?

I had bought a resale HDB flat with grant. After 10 years I sold and bought brand new EC. However, I have intended to sell my EC after 5 years. Am I eligible to purchase a new BTO flat?

New UOB CC customer wish to apply for UOB absolute cashback card. Can we use it to top up our DASH wallet and be eligible for UOB Welcome bonus: S$150 Cash Credit? Is it eligible for 1.7% cashback?

I currently am thinking of applying for a cashback credit card with CIMB. However, I do not have any savings account or any sort of account with CIMB. My question is, where does the cashback go to??

I graduated in May 2018 and my boyfriend just completed his NS this year in Feb 2019. We want to apply for this month's BTO launch, will we still be eligible for income deferment?

Related Posts

Is the eligibility of purchasing new EC & HDB unit the same other than having income capped for EC? If my household income is too high for a new EC, is it true that I can only buy new HDB?

I had bought a resale HDB flat with grant. After 10 years I sold and bought brand new EC. However, I have intended to sell my EC after 5 years. Am I eligible to purchase a new BTO flat?

New UOB CC customer wish to apply for UOB absolute cashback card. Can we use it to top up our DASH wallet and be eligible for UOB Welcome bonus: S$150 Cash Credit? Is it eligible for 1.7% cashback?

I currently am thinking of applying for a cashback credit card with CIMB. However, I do not have any savings account or any sort of account with CIMB. My question is, where does the cashback go to??

I graduated in May 2018 and my boyfriend just completed his NS this year in Feb 2019. We want to apply for this month's BTO launch, will we still be eligible for income deferment?