Question: Can Single Pr Buy Resale Executive Condo?

How do you qualify for an executive condo?

(A) Basic Requirements:You must be a Singaporean.You must form a proper family nucleus.

You must be at least 21 years old at the time of application.Your average gross monthly household income must not exceed $16,000.

You must not own or dispose of any private property within 30 months.More items….

Is it worth buying EC in Singapore?

The upcoming EC developments, while expected to be priced higher, are still excellent value, especially taking into consideration their potential for growth.

Can single pr buy resale EC?

A single PR can buy a resale EC or an HDB flat subject to conditions. You can buy a resale EC after the 5-year Minimum Occupation Period (MOP) from the 6th to 10th year.

Is executive condo a good investment?

ECs can be a better investment choice compared to private condominiums, as they are usually sold for around the same price as private apartments in the resale market even though EC is purchase with grants (subsidized housing).

Can single pr buy condo?

Yes PR are eligible to buy private condominium. Please note there is an additional buyer stamp duty of 5% for the 1st property. Such buyers are required to submit an application for remission so as to enjoy the same treatment as Singapore citizen.

How much is an EC?

Cost of BTO and EC And a 3-Bedroom Premium (1,001 – 1,098 SQFT) Executive Condo in the same estate, The Criterion EC, is selling between $740,800 and $836,000. By comparison, the price of an Executive Condo is easily 2 to 3 times that of a BTO.

Can private condo owner buy EC?

You are eligible to purchase resale EC even though you own a private property. After attaining its MOP, SC or SPR are eligible to purchase resale EC as they considered “private property” (foreigners are only eligible after privatisation).

Can Singapore PR buy resale executive condominium?

A Singapore PR can only buy EC units if their spouse is a Singapore Citizen. If both Buyer and the spouses are PR, they can only buy a resale EC after the first owners has served their 5-year MOP on the EC.

Can single buy EC after 5 years?

Resale EC – Resale Executive Condominium (EC) List of ECs can be sold in the open market after the 5-year Minimum Occupation Period (MOP). Executive Condominium (EC) owners who have occupied their EC and met the 5-year minimum occupation period (MOP) can sell their EC in the open market.

Can a single buy EC?

As with public housing, EC applicants must either form a family nucleus or join up with other singles if they are at least 35 years old. … Only Singaporean couples and Singaporean/permanent resident couples can buy an EC unit.

Can siblings buy EC?

Orphans Scheme You and your siblings (those applying) are orphans and single, i.e. unmarried, divorced, or widowed: All of the siblings that are single must be listed in the same application. At least 1 of the deceased parents was a Singapore Citizen or Singapore Permanent Resident.

Can I buy EC before mop?

5. We currently own a HDB flat bought from the resale market. … If you have not bought a flat directly from HDB before, it will depend on whether CPF housing grant was taken for the purchase of resale flat. If yes, you have to wait till your MOP is met before you can apply for an EC.