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Part 3 OF EC GUIDE: Application Procedures and Cancellation

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Section 3: Application Procedures and Cancellation What is the application procedure?  What are the cancellation fees?  If you give up the unit before you execute the Sales & Purchase Agreement( S&P), there will be a forfeiture of 25% off the booking fee as provided in the Option To Purchase. (OTP). However, if you have exercise the […]

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Part 2 OF EC GUIDE: Eligibility to buy EC

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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 […]

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Executive Condo Guide ( Part 1)

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Section 1: General information: 1.  What is Executive Condominium(EC) housing?  Executive Condominiums (EC) were introduced to cater to aspiring Singaporeans, especially young graduates and professionals who can afford more than an HDB flat but find private property out of their reach. ECs are comparable in design and facilities to private condominiums as they are developed and sold […]

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