A first-timer applicant is a person or household that has never received any form of housing subsidy, or similar benefit. For example you have not apply for any BTO, DBSS or EC (as essential occupier) or purchase a resales HDB flat with housing grant.

As a first-timer home owner, your housing needs are more pressing. You thus enjoy greater priority and other privileges when you apply for a new EC. If you are a second-timer and your spouse (or spouse-to-be) is first-timer, you as a couple will enjoy first timer privileges and priority.

Currently there is a good selection of EC in the market ranging from 1 Bedroom to 5 bedrooms in the various part of Singapore. Feel free to browse thru our Executive Condominium collection and we are confident that you will find your prefect home.

70% of the new ECs supply is set aside for first timer families during the initial launch period. Up to $30,000 CPF Housing grant is also available for first-timer. It can be used to pay for the partial down payment for the purchase or to reduce the mortgage loan.

Not sure if you are eligible to purchase an EC or worry about your financial commitment? We are here to assist. We have helped many aspiring home owner to acquired their dream home thru our consultation services. Have a chat with us to address your concern.

If you had once taken some form of housing subsidy like purchasing an BTO flat  from HDB, resale flat bought using a CPF Housing Grant or EC/ DBSS flat bought from the developer, yours will be treated as a second-timer.

The current market have ample selection for second-timer even after the priority set aside for first-timer. Depending in your family size, different solution is available to cater to your need. Feel free to browse thru our collections to find out more.

Upgrading to an EC might be the biggest decision in your life. What is the transition timeline and how to assure you have a roof over your family? Do you know that you can also utilize bridging loan for your EC purchase to lower the mortgage commitment? Allow us to address your concern.

If you previously bought a BTO, DBSS or EC or had received a CPF housing grant, you might need to pay a resales levy when your purchase your next Executive Condominium. Find out which resales levy scheme applies to you and the best strategy to overcome it.

Being financial prudent when upgrading to EC is essential to ensure smooth transition. Exactly how much is needed for the upgrade to EC and how much buffer fund should we set aside? Between defer and normal payment scheme, which is more suitable for me?

Executive Condominium is a subsidized scheme to assist middle-class Singaporean to make the leap to enjoy full fledging condominiums lifestyle. To enjoy such privilege, there are eligibility conditions in buying ECs.

EC are bought directly from developer but still subject to conditions set by HDB. Your co-applicant and you still need to form a family nucleus and there is a household income ceiling to observe also. There is also strict restriction of holding any other private property during the time of application.

Depend on your employment statues, proof of income document like salary slips and Notice of Assessment from IRAS will be present during the booking of unit.

Have a quick assessment on your eligibility status with our free e-services.

To make it easier for middle-income households to purchase Executive Condominiums, the household income ceiling for EC applicants is now raised to $14,000. However not all form of income / allowance are included when assessing your household income.

Are you facing difficulties in meeting the eligibility conditions? Income ceiling exceed $14,000 or facing MOP challenge? What is the best course of action should you be still keen to upgrade to an EC. Engage our free consultation service to receive a solution or alternative strategy.

Purchasing a property is a major decision. It is prudent to go thru the financing detail and stress test all the figure to be ready and confident for the purchase.

There are 2 payment schemes available to financing an ECs, normal and deferred payment scheme. Financing for ECs are typically from banks or financial institution. Currently MAS regulate the maximum loan at 80% of purchase price subject to Mortgage Servicing Ratio (MSR) of 30% of a borrower’s gross monthly income. You will not incur any ABSD when purchasing an ECs unit, but normal stamp duties of approximate 3% applies.

Purchaser will also not incur any service fees or commission when you engage our professional services in assisting you in managing the financing and purchase related challenge. Please utilize our free consultation service and have peace of mind.

It will be advisable to obtain an In-Principle Approval (IPA) letter in advance before booking an unit. This give you assurances for loan qualifications and it also help assess your maximum purchase amount. IPA is free and non-obligatory, get in touch with our mortgage banker today.

To facilitate a smooth process in getting your IPA ready, please prepare your income document as well as notice of assessment (IRAS). Under the TDSR framework, our bankers also require all loan statement (credit card, car loan etc) to be presented for credit assessment.

Before you start to make an application to purchase and ECs, it is important to check your eligibility and financing options. Once you are confident with the purchase and with a in-principal loan approval from banker, you need to submit an e-Application for developer to verify your eligibility status.

During booking of the unit, you need to prepare 5% of the purchase price in cash or cashier order payable to developer project account as booking fees. A set of “Particulars, documents and information” (PDI) document will be issue by the developer for your endorsement. This will includes all information about the project and unit you are purchasing. Once endorsed a set of OTP (Option to Purchase) will be issued by the developer allowing the buyer to purchase the ECs unit at the listed price. The endorsed document will be send to HDB for the final approval. Once HDB give the green light, the Sales & Purchase agreement will be dispatch to our partner law firm for you to complete the paperwork.  

Are you still unsure of how to get started or confuse with the application procedure? Let our team of experience consultant to assist you in your next purchase. Engage our free service to enjoy step by step guidance in every stage of your purchase procedure.

Submitting an e-Application is necessary for developer to verify your eligibility status. There is no costing involve in submission of e-Application. Should you decide not to proceed with the purchase after submitting an e-App, there is also no penalty involve.