Frequently Asked Questions
Yes, if you have not booked a flat with HDB, you can apply and book an EC unit. You need to provide the details of the earlier HDB application so that HDB can cancel your earlier flat application after you have booked an EC unit.
If you have booked a BTO or SBF flat on or after March 2012, and decide to cancel the booking, you will not be eligible to apply for an EC within one year after the cancellation.
If your booking is before March 2012, you have to terminate the Agreement for Lease with HDB before you can book an EC unit. Do take note that a financial forfeiture will be imposed by HDB for the cancellation.
If you have not signed the Sales & Purchase Agreement, you will have to inform the other developer of your decision and cancel your booking before you allowed to buy an EC unit. Part of your booking fees will be forfeited by the other developer in accordance with the terms of the earlier Option to Purchase.
If you have signed the SPA, you will need to check with the other developer whether you can still buy another EC unit. Take note that the other developer can impose the prevailing forfeiture percentage of selling price upon termination of the Sales & Purchase Agreement.
If at any point of time, there is a break-up in the fiance/fiancee relationship, you will become ineligible to continue with your EC purchase. In this situation, the developer can terminate your the Sales & Purchase Agreement and impose a financial forfeiture (up to 20% of the purchase price).
If you have received a CPF Housing Grant for your purchase, you and your fiance/fiancee will be required to return the CPF Housing Grant together with accrued interest. If the full amount cannot be recovered, the outstanding amount will be treated as debt and both of you will not be eligible to rent/buy or take ownership of another HDB flat until you have paid up this debt in full (with interest).
Yes, so long as the non-subsidized flat’s expected MOP date is earlier than that of the expected TOP date of the EC.
Yes you are allowed to as you have served their penalty and 1yr wait-out period and you will be treated as a 1st timer and given full CPF Housing Grant.
Yes you can use you CPF fund if you has excess funds in the OA. You need not set aside minimum sum as EC loan is generally treated as a 1st loan.
HDB will probably take this as a special case and allow this flat to be sold even before MOP.
No. Buyer will have to form a family nucleus with either a fiancee or parents, with an undertaking to sell flat after TOP of EC.
Yes, provided your mother has not utilized her 2nd rights and you have to sell the current HDB upon TOP of the EC. You will be considered as 1st timer but without grant.
Not now, as you has to fulfill the 30 months wait-out period after getting your name out from the private property before applying for an EC.
EC loan is generally considered as a 1st loan. The loan amount will be based on their income and subject to TDSR and MSR.
ABSD is NOT applicable in buying of EC. SSD is also NOT applicable as there is usually a 5-yr MOP to fulfill.
DPS- buyers are not required to make any payment/installment during the construction period. Payment/installment will only kick in upon TOP (65%), and subsequently CSC (15%). There is about 3% in the price difference.
Yes, provided that the income, after converting to Singapore dollar is within the $14k limit and not owning any property there.
Yes you can with your ex-spouse’s consent, and provided your ex- spouse is not occupying matrimonial flat directly from HDB/DBSS/EC within the first 3 years of divorce. Alternative you can apply the EC with your new husband or with parents.
Yes you can as a new family nucleus is form.