Executive Condominiums (EC)

Definitions of Executive Condominium (EC)

Brownstone EC Launching Soon by CDL-HPL, near Canberra MRT. EC For Sale. Please Call 81817777 Paul

Executive condominiums (EC) were introduced by the government in 1995 to meet the housing aspirations of the growing number of graduates and young professionals. They are strata-titled apartments built by the private sector and has similar facilities to a private condominium.

Ecopolitan EC

There are restrictions for the first few years such as eligibility conditions similar to those for HDB flats, and a minimum occupation period before the flat can be sold. Urban Redevelopment Authority of Singapore (URA)

Contents

Eligibility Conditions (to buy from developer)

  • Citizenship
  • Age
  • Family Nucleus
  • Income Ceiling
  • Special Requirement for Undischarged Bankrupts
  • Ownership in Private Property
  • Owners/Ex-owners of HDB flats / DBSS flats / EC units

Household Status

  • First-timer Applicants
  • Second-timer Applicants

Time Bar

  • Existing Owner or Ex-Owner of an HDB Flat
  • Ex-Owner of an EC
  • Essential Occupier
  • Divorcees
  • Cancellation of Application After Booking a Flat
  • Bought an EC/DBSS Flat with CPF Housing Grant

Conditions after Purchase

  • Conditions after Purchase

Buying an Executive Condominium from Open Market

  • Eligibility Conditions
  • Procedure to buy

Eligibility Conditions
to buy EC from private developers

The Terrace ECEcopolitan ECSkyPark Residences EC TOP Soon,near Sun Plaza, Sembawang Shopping Centre, MRT, EC Launch Call 8181-7777The Terrace EC
  • Citizenship 
    • You must be a Singapore Citizen
    • Your family nucleus must comprise at least another Singapore Citizen or Singapore Permanent Resident (PR).
  • Age
    • You must be at least 21 years old at the time of application
    • If you are buying an Executive Condominium (EC) under the Joint Singles Scheme, you must be at least 35 years old
  • Family Nucleus 
    You must form a proper family nucleus under one of the following schemes:
    • Public Scheme
      • You, the applicant and;
      • Your spouse, and children (if any)
      • Your parents, and siblings (if any)
      • Your children under your legal custody, care and control (for widowed/ divorced)

    • Fiancé/Fiancée scheme
      For couples who intend to get married may apply to buy a DBSS flat or an EC under the 
      Fiance/fiancee aged below 21

Marriage Certificate

If you have received the CPF Housing Grant, you will be required to produce your marriage certificate to the Developer for inspection before you take possession of the DBSS flat/EC unit.

If you did not receive the CPF Housing Grant, you are required to produce your marriage certificate to the Developer for inspection, within three months from the date you have taken possession of the DBSS flat/EC unit.

Marriage Certificate

If you have received the CPF Housing Grant, you will be required to produce your marriage certificate to the Developer for inspection before you take possession of the DBSS flat/EC unit.

If you did not receive the CPF Housing Grant, you are required to produce your marriage certificate to the Developer for inspection, within three months from the date you have taken possession of the DBSS flat/EC unit.

If your fiance/fiancee is below 21 years of age, he or she can only be listed as an occupier in your DBSS flat or EC application

If your fiance/fiancee is below 21 but above 18 years of age, a written consent from the parents or guardians must be submitted with your DBSS flat or EC application. 

Change of Family Nucleus

While you are applying for a DBSS flat or an EC under the Fiance/Fiancee Scheme, you are not allowed to delete the name of your fiance/fiancee and include the name of a new fiance/fiancee, or to replace your fiance/fiancee’s with your parents, even if consent has been given by your ex-fiance/fiancee.

A single child who applied with parents at the time of application will not be allowed to delete the parents names if the single child later includes his fiance/ fiancee to qualify under this scheme.

Marriage Certificate
If you have received the CPF Housing Grant, you will be required to produce your marriage certificate to the Developer for inspection before you take possession of the DBSS flat/EC unit.

If you did not receive the CPF Housing Grant, you are required to produce your marriage certificate to the Developer for inspection, within three months from the date you have taken possession of the DBSS flat/EC unit.

You may buy a dual-key EC units offered by the developer if you form a multi-generation family as follows:
(i) Married couple with parents/grandparents
(ii) Fiancé and fiancée couple with parents/grandparents
(iii) Widowed/divorced with children and parents/grandparents

  • Orphan
    • You, the applicant and;
    • Your unmarried siblings, or
    • Another single unrelated orphan

If you and your unmarried siblings are applying under the Orphans Scheme, you must meet the following:

Family Nucleus

A single orphan applicant and all his unmarried siblings are to be listed in the same application.

At least one of your deceased parents was Singapore Citizen (SC) or Singapore Permanent Resident (SPR).

Special Conditions

Siblings are not allowed to buy or rent flats under the Orphans Scheme separately. 

  • Income Ceiling
    Your average gross monthly household income must not exceed $12,000.

  • Special Requirement for Undischarged Bankrupts
    undischarged bankrupts need to seek the Official Assignee (OA)'s consent if they are applying for an EC. However, they do not need to seek the OA's approval to be listed as an occupier.

  • Ownership in Private Property
    You, your spouse, any occupiers listed in the Application Form or their spouses must not own or dispose or have an estate or interest in any other flat, house, building or land*
    • Within 30 months before the date of application, and
    • Between the application date and the date of taking possession of the EC
    • * includes but not limited to:
    • HUDC flats (Privatised and Non-Privatised)
    • Properties acquired by gift
    • Properties inherited as beneficiaries under a will or as a result of the Intestate Succession Act
    • Private properties
    • Properties owned/acquired/disposed through nominees regardless of properties location

      30-Month Period
      In addition, you need to wait out a 30-month period from the effective date of disposal (i.e., date of legal completion of the sale of their Executive Condominium, evidenced by the Notice of Transfer or such other documentary evidence as HDB may require) of the Executive Condominium before you can apply to buy another Executive Condominium directly from the developer.

  • Owners/Ex-owners of HDB flats / DBSS flats / EC units
    Each eligible Singaporean household can buy the following housing unit only twice: 
    • a flat from the HDB;
    • a resale flat with the CPF Housing Grant*;
    • a DBSS flat from developer;
    • an EC unit from developer.
      *Only applicable for first-timer applicants

      If you have already bought two housing units, you will not be eligible to apply or be listed as an essential occupier in an application.

Household Status
Status of buyers according to HDB records.

  • First-timer Applicants
    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.
  • Second-timer Applicants
    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.)

      Payment of Resale Levy
      Second-timers who apply for new EC projects from Westwood Avenue onwards will have to pay a resale levy. 

      However, second-timers are not required to pay the resale levy if they apply to buy EC units in projects that were launched before 9 Dec 2013. More information on the tender launch dates for EC land sales can be found in the Residential Development List > Executive Condominium (EC).

Time Bar
Restriction on some type of applicants

  • Existing Owner or Ex-Owner
    • Are you, your spouse or any of the essential occupiers listed in the application an existing owner or ex-owner of a:
    • Flat bought directly from HDB
    • DBSS flat bought from the developers
    • Resale flat bought under the CPF Housing Grant Scheme.

      If you belong to any of the above categories, you may apply to buy an EC on condition that a 5-year period (excluding any period of subletting of the whole flat) has lapsed from the
      *date of taking possession of the flat to the date of application for a new EC

      * The date of taking possession refers to following dates (whichever is applicable):
      • Date of key collection, for flats that are bought direct from HDB
      • Date of resale completion, for purchase of resale flats from the open market bought with the CPF Housing Grant
      • Date of transfer at market value of the flat bought with CPF Housing Grant
      • Date of key collection for EC/DBSS flats bought from the developer
  • Ex-owners of an EC
    Are you, your spouse or any of the essential occupiers listed in the application an ex-owner of an Executive Condominium bought directly from the developer? If yes, you would need to meet a 5-year period from the date of taking possession of the earlier Executive Condominium.
  • Essential Occupiers
    You or any person listed the application must not be currently listed as an essential occupier of:
    • An existing HDB flat bought directly from HDB,
    • A DBSS flat bought under the CPF Housing Grant Scheme, or,
    • A resale flat bought under the CPF Housing Grant Scheme

      However, an essential occupier may apply or be included in an application only if he has stayed in the existing flat for 5 years from the
      *date of taking possession of the existing flat to the date of application for an EC.

      * The date of taking possession refers to:
      • The date of key collection, for flats that are bought directly from HDB
      • The date of resale completion, for purchase of resale flats from the open market bought with the CPF Housing Grant
      • The date of transfer at market value of the flat bought with CPF Housing Grant
      • The date of key collection for Executive Condominium/DBSS flats bought from the developer, whichever is applicable.
  • Cancellation of Application After Booking a Flat
    If you book a flat from the March 2012 Build-To-Order and Sale of Balance Flats Exercises onwards and subsequently cancel the flat booking, you will have to meet a 1-year period from the date of cancellation before you can apply or included as an essential occupier in an application for a:
    • new HDB flat
    • DBSS flat from developers
    • Executive Condominium unit from the developers
    • resale flat with CPF Housing Grant
    • resale flat that has been announced for SERS
  • Divorcees
    Within three years from the date of the divorce, only one party in the divorce can own one of the following housing units:
    • a flat bought directly from the HDB
    • a DBSS flat / EC bought directly from a private developer
    • a resale flat bought from open market under the CPF Housing Grant Scheme

      If you have an existing matrimonial home, which is one of the above, and that home is retained by your ex-spouse, you may apply to buy or be listed as an essential occupier in any of the above housing unit only three years after your date of divorce. 

      However, this three-year wait out period will not apply if you are buying any of the above homes with your parents or a new spouse, or if you are buying a resale flat from the open market without the CPF Housing Grant.

      If there is no matrimonial home or the matrimonial home was bought from the open market without any CPF Housing Grant, you may apply for any of the above housing units after you get your ex-spouses consent not to own or be listed as an essential occupier in any of the above housing units within the three-year period from the date of divorce. 

      The requirement for ex-spouses consent is waived if you are buying any of the above housing units with your parents or a new spouse or if you are buying a resale flat from the open market without the CPF Housing Grant. 

      The requirement to seek ex-spouse's consent during the three-year period from the date of divorce is also waived if you meet the following conditions:
      • All your children are below 18 years old at the date of divorce; and
      • You have the legal custody of all your children and are also the only parent with the care and control of all your children.
  • Person Who Has Bought an EC/DBSS Flat with CPF Housing Grant
    A person who bought an EC or DBSS flat with CPF Housing Grant and terminated the Sale and Purchase Agreement may apply to buy an EC. 

    However, this is allowed on the condition that a 5-year period has lapsed from the termination date of the Sale & Purchase Agreement of their earlier EC or DBSS flat purchase, to the date of application date for an EC.

Conditions after Purchase

  • Selling of current HDB / DBSS flat in the open market
    If you currently own an HDB / DBSS flat, you and/or your spouse must dispose of the flat within 6 months from the date of issuance of the Temporary Occupation Permit in respect of the Executive Condominium (EC). 

    If you intend to apply to purchase an EC where the Temporary Occupation Permit for the EC has been issued, you will be required to dispose of your existing HDB / DBSS flat within 6 months from the date the Developer serves the Notice of Vacant Possession on you.
  • Taking a Housing Subsidy
    You and your spouse will be considered as having taken a housing subsidy when you buy an EC under the CPF Housing Grant Scheme from the developers. 
  • Citizen Top-Up 
    If you are from an SC/SPR household, you can apply for the Citizen Top-Up when your SPR family member takes up Singapore Citizenship or when you have a SC child.
  • Minimum Occupation Period (MOP)
    You have to occupy the EC for 5 years before you can sell it in the open market.
  • Essential occupiers in EC
    Occupiers who are essential in the forming of a family nucleus with you in the EC application must continue to be listed in the application and stay in the EC during the 5-year Minimum Occupation Period (MOP). 

    They cannot make a separate application, or to be listed as occupiers in another application to purchase an HDB flat or another EC within the MOP.
  • Renting out your EC
    1. Renting out the whole EC unit
      Renting out of whole EC unit within the 5-year Minimum Occupation Period (MOP) is not allowed.
    2. Renting out rooms
      No prior approval from HDB is required if you rent out your bedroom(s) in the EC within the MOP. However, with effect from 1 Feb 2010, you must register the subletting of bedrooms with HDB within 7 days of doing so. You are also required to notify HDB when you renew or terminate the subletting of bedrooms, and when there are changes to your subtenants’ particulars. You may approach the HDB Branch managing your EC to register the subletting. 
  • Buying another subsidised housing
    After selling your EC in the open market, you must wait for 30 months before you can submit an application to buy:
    • a new flat from HDB; or
    • an apartment under the Design, Build and Sell Scheme (DBSS) from developers; or
    • another EC from developers.
  • Resale Levy
    The resale levy is meant to reduce the housing subsidy on the flat buyers' second subsidised flat. It also ensures a fairer allocation of housing subsidies among flat buyers.

    You are liable to pay a resale levy of $55,000 when you sell the EC bought with the CPF Housing Grant after complying with the minimum occupation period, and, after meeting a 30-month waiting period, buy a second subsidised flat from HDB or take over ownership of a subsidised HDB flat or buy an Executive Condominium (EC) from a developer where the land sale was launched on or after 9 Dec 2013, including those where tenders were not closed, i.e. Westwood Avenue, Canberra Drive and Anchorvale Crescent. 

    If you do not intend to buy a second subsidised flat from HDB, for instance, if you are buying a resale flat, a new DBSS flat, an Executive Condominium (EC) from a developer where land sale was launched before 9 Dec 2013 or a private residential property, you need not pay the resale levy.
  • Interest in Private Property
    You cannot invest in private residential property during the 5-year minimum occupation period.

Buying an Exacutive Condominiums from Open Market

  • Procedure to buy
    After the 5-year MOP, from 6th to 10th year, EC can be sold in the open market to those who can meet the following eligibility conditions

    From 11th year, all restrictions will be lifted. Foreigners and corporate bodies can buy ECs in the open market from 11th year of the EC project.
  • Procedure to buy
    The Exacutive Condominium on 6th year onwards are resale transaction with private resale procedures.

Sources: HDB, URA


Quick Look at What is Available for New EC

The Brownstone Executive Condominium (EC)

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Why you should be excited about The Brownstone:

Rare Executive Condominium right next MRT Station

Luxury Executive Condominium developed by reputable brands CDL and TID

Abundance of amenities nearby such as Sun Plaza, Sembawang Shopping Centre and Northpoint and Chong Pang City

Well connected by major expressways SLE, CTE, TPE and the upcoming NSE (North-South Expressway targeting completion in 2020) 

Comprehensive Condominium facilities like Sky Gym, Junior Skating Rink, together with numerous pools and verdant gardens

Premium appliances and fittings from Mitsubishi, Whirlpool and Hansgrohe

First developer in Asia to adopt large scale PPVC for enhanced quality and productivity

Enquiry About The Brownstone
Please Call 8181-7777

Important: Read if you are Eligible to buy

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Buying-Selling Executive Condo(EC)
Singapore Apartment-Condo For Sale
Please Call 81817777 Paul

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About this page: Singapore The Brownstone, brownstone, new launch, condo for sale, executive condominium, EC, CDL, TDI, Canberra MRT, Luxury, Sembawang, Shopping Centre, Sunplaza, North Points

The Ecopolitan Executive Condominium (EC)

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Where Cosmopolitan Living Meets 7 Nature

By Qing Jian Realty Pte Ltd

 

More Than 80% Sold !

New Superb Pricing
wef 30th May 2015 !


3 Bedroom From $815,000

3 Bedroom Dual-key From $776,000

4 Bedroom From $903,000

 

 *Please note that the above price indication is based on Normal Payment Scheme*

**Please note that for Deferred Payment Scheme, there is a 3% difference in price**

Enquiry About Ecopolitan EC
Please Call 8181-7777

Important: Read if you are Eligible to buy

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Buying-Selling Executive Condo(EC)
Singapore Apartment-Condo For Sale
Please Call 81817777 Paul

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About this page: Singapore, Ecopolitan, waterfront, new launch, condo for sale, executive condominium, EC, Punggol MRT, town hub, town square, Punggol, Shopping Centre


SkyPark Residences Executive Condominium (EC)

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TOP Soon (2016)


5 minutes walking distance to Sembawang MRT and Bus Interchange

Proximity to upcoming Canberra MRT Station to be completed in 2019.

Superb condo facilities with choices of 3BR/3+S/4+S/5 BR/ 5BR Maisonette catering to various families’ needs

Sprawling landscaping brimming with recreational and lifestyle facilities & a Sky Park at 15 storeys high up in the atmosphere

Various neighbourhood shopping centres nearby such as Sun Plaza, Sembawang Shopping Centre, Northpoint, Causeway Point

Near Orchid Country Club/ Sembawang Country Club / Seletar Country Club/ Yishun SAFRA/ Future Sports & Recreation Hub

Enjoy various recreation activities at Woodlands Waterfront, a 9-hectare coastal park consisting of a 1.5km long waterfront promenade, nature area, trails and green spaces

Expressways @ SLE, CTE, TPE and the upcoming NSE (North-South Expressway targeting completion in 2020)

Near many schools & institutions - Sembawang Pri & Sec Sch/ Canberra Pri & Sec Sch/ Wellington Pri Sch/ Endeavour Pri Sch/ Yishun JC/ Republic Poly/ Singapore Sports School


Buying-Selling Executive Condo(EC)
Singapore Apartment-Condo For Sale
Please Call 81817777 Paul

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About this page: Singapore, EC, exacutive condominium, HDB, private developers, eligibility, eligible to buy, sell, facilities, MRT, shopping centre, price, town council, URA


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