Executive Condominium (EC) – HDB flat for rent in Singapore
Executive Condominiums (EC) were introduced to cater to Singaporeans, especially young graduates and professionals who cannot qualify to buy new HDB flats but find private property to be out of their reach. ECs are developed and sold by the private developers and are comparable in design and facilities to private condominiums. HDB flat for rent in Singapore.
Eligibility conditions
The eligibility conditions for buying an EC are as follows:
- Applicants must be a Singapore Citizen with a family nucleus (SC + SC or SC + SPR)
- Applicants must be at least 21 years old at the time of application. Applicants under Joint Singles scheme must be at least 35 years old.
- The buyer must form a family nucleus, under one of the following schemes: Public scheme, Fiance/Fiancee scheme, Orphan scheme or Joint Singles scheme
- Monthly household income must not exceed $14,000
- The buyer and 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,
- First-timer buyers can apply for the CPF Housing Grant when buying a new EC from the developer
- Within 30 months before the date of application, and
- Between the application date and the date of taking possession of the EC
Amount of Grant for EC
| Monthly Household Income | CPF Housing Grant |
| Not more than $10,000 | $30,000 |
| More than $10,000 – $11,000 | $20,000 |
| More than $11,000 – $12,000 | $10,000 |
* EC Buyer with Average Gross Monthly Household Income from $12,001 to $14,000 are not eligible for the CPF Housing Grant.
|
Type of Grant Available |
Amount |
|
|
SC / SC Household |
SC / SPR Household |
|
|
CPF Housing Grant for Family |
$30,000 |
$20,000 |
|
Half Housing Grant |
$15,000 |
|
Source: HDB InfoWEB
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