Section 2: Eligibility to buy an EC
Who is eligible to buy an EC?
Eligibility is to subject to citizenship, family nucleus, most importantly the gross monthly income must not exceed $12,000.
Prospective buyers must not own any private residential properties or overseas properties at the time of application. If you have dispose your private properties, you need to wait for 30 months from the date of disposal of the private property.
What do you mean by first-timers or second-timers?
You and the essential family members listed in the application for purchase of the flat must not:
-Be the owners of a flat bought direct from HDB, a DBSS flat or an Executive Condominium bought from the developer
-Have sold a flat bought direct from HDB, a DBSS flat or an Executive Condominium bought from the developer
-Have received the CPF Housing Grant for the purchase of an HDB resale flat
-Have taken other forms of housing subsidy (for example, benefitted under the Selective En bloc Redevelopment Scheme, privatisation of HUDC estate etc)
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:
-Any HDB flat that was bought from HDB, or
-Any resale flat that was bought under the CPF Housing Grant Scheme, or
-A DBSS flat or an EC bought from the developer, or
-Have enjoyed other forms of housing subsidy (for example, enjoyed benefits under the Selective En bloc Redevelopment Scheme, privatisation of HUDC estate etc.)