EC – Executive Condominiums

Executive Condominium (EC)

There are several eligibility conditions to buy a new Executive Condominium (EC). For new ECs, please note that they are bought from the developer, not . Before you submit an application, we advise that you also learn more what conditions apply after you buy an EC, and find out whether you must pay a resale levy.

Overview of eligibility conditions

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 Your household income must not exceed the $14,000 income ceiling.
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

Schemes available to assist your purchase

Public Scheme

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 (for widowed/ divorced applicants)

No change of people listed in the application

Applications under this scheme are only valid if there are no changes to the people listed – you are not allowed to replace your parents’ names with that of a spouse, or vice versa.

If applying for a dual-key EC as a multi-generation family

A multi-generation family is any of the following:

  • Married/ engaged couple and parents/ grandparents
  • Widowed/ divorced with children and parents/ grandparents

Fiancé/Fiancée Scheme

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

Submission of marriage certificate

Under this scheme, you need to submit a copy of your marriage certificate to the developer.

Income Ceiling

Your average gross monthly household income must not exceed $14,000.

Income/ allowance that will be considered for the income ceiling

  • Allowances (fixed/ variable) received on a regular basis (e.g. allowances for food, transport, laundry, uniform, etc.)
  • Pension
  • Stipend
  • Sustenance

Income/ allowance not considered for the income ceiling

  • Alimony allowance
  • Bonuses
  • Director fees
  • Income from overtime work income
  • Interest from deposit accounts
  • National Service Allowance
  • Rental income
  • Scholarship overseas allowance

CPF Housing Grants for ECs

To be eligible for the CPF Housing Grant when buying an Executive Condominium, you have to form a family nucleus and make the application. During booking an extra form will be needed to fill up regarding application of grants. The grant is credit into your CPF OA and can be used to offset partial of the 15% down payment when you exercise the sales & purchase agreement

If your household income is between $11,0001 and $12,000, you may be eligible for the CPF Housing Grant for Family for up to $10,000 and if your household income is between $10,001 and $11,000, you may be eligible for the CPF Housing Grant for Family for up to $20,000. If your household income is $10,000 or less, you may be eligible for the CPF Housing Grant for Family for up to $30,000. How much you get exactly depends on the number of applicants who are Singapore Citizens, and if either applicant has previously taken a housing subsidy.

Maximum possible CPF Housing Grant: $30,000 (CPF Housing Grant for Family)

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.

Income ceiling average gross monthly income of all working persons, 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 $0 $5,000
$12,001 to $14,000 $0 $0 $0

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.

GRANT TYPE CPF HOUSING GRANT  (SC/SPR HOUSEHOLD)
Conditions Income Ceiling $10,001 to $11,000
Previous Housing Subsidies First-timer couple with no previous housing subsidies
Grant Amount $10,000

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.

Priority Schemes

For first-timer applicants and those with more urgent housing needs, there are privileges and priority schemes in place to improve your chances of being balloted for a new Executive Condominiums (EC).

Please note that no priority or privilege applies for flat selection queue numbers. Those are randomly generated for all balloted flat applicants.

70% of EC supply is set aside for first-timer families during the initial launch period (1 month)