- You must be a Singapore Citizen
- Your family nucleus must comprise at least another Singapore Citizen or Singapore Permanent Resident.
- 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
You must form a proper family nucleus under one of the following schemes:
|Type of Scheme
||Family Nucleus Requirement
||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)
|You, the applicant and your fiancé/fiancée
|You, the applicant and;
· Your unmarried siblings, or
· Another single unrelated orphan
|You, the applicant and another single person
Your average gross monthly household income must not exceed $14,000.
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
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.
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.
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
Those who have previously bought a flat from the HDB or taken a CPF Housing Grant will have to pay a resale levy when they next buy a flat from HDB or an Executive Condominium from the developer where land sale was launched on or after 9 Dec 2013. The resale levy is meant to reduce the subsidy on the second subsidised flat so as to maintain a fair allocation of public housing subsidies between first- and second-timer citizen families.
These are the scenarios whereby a resale levy is payable/not payable:
|You are buying:
||You are buying:
The resale levy amount is based on the flat type of your first subsidised flat and prevailing resale policy at the point of sale. The amount of resale levy/premium is regardless of the manner of holding (that is, joint-tenancy or tenancy-in-common) and the share of interest in the flat. Resale levy/premium payable by those who are buying their second subsidised flat from HDB are as follows:
|On or after 3 March 2006
||The amount payable according to the flat type of your first subsidised flat:
|Executive Condominium bought with CPF housing grant where the land sale was launched before 9 Dec 2013
|Executive Condominium where the land sale was launched on or after 9 Dec 2013
*Buyers of short lease 2-room flat will pay a prorated amount base on the lease of their 2-room flat.
|Between 19 May 1997 and 2 March 2006
||The amount is based on the resale price or 90% of the market valuation of your first subsidised flat, whichever is higher. An accrued interest of 5% a year (up to the month payment is made) if you opted to defer the payment of the resale levy. The accrued interest will be calculated from the point resale of your first subsidised flat to the date you pay the resale levy.
||*10% / 15%
|5-room & Executive
* 2-room flat sellers pay a lower rate, that is, only 10% if they buy a bigger flat direct from HDB.
|Before 19 May 1997
||If you sold a flat during this period, you were given two options at the point when you sold your first subsidised flat:
- 10 or 20% of the purchase price of the second subsidised flat bought from the HDB.
- If you are buying your next flat from the HDB, the resale premium will beincluded into the purchase price of your second subsidised flat.
Graded Resale Levy
The amount is based on the resale price or 90% of the market valuation of your first subsidised flat, whichever is higher. An accrued interest of 5% a year (up to the month payment is made) if you opted to defer the payment of the resale levy.
Waiver of Interest for Elderly
If you have sold your first subsidised flat before 3 March 2006 and right-size to a new 2-room or 3-room flat from November 2015 sales launch onwards, you will pay only the percentage resale levy, with the interest waived, if you and your spouse are aged 55 and above at the point of the new flat application. The resale levy payable is subject to a minimum payment of $15,000 for 2-room, $30,000 for 3-room, $40,000 for 4-room, $45,000 for 5-room, and $50,000 for Executive flat. These amounts are the resale levy payable by second-timers who sold their first subsidised flat on or after 3 March 2006.
Making Payment for the Resale Levy
If you currently own your first subsidised flat and have booked your second subsidised flat, you must pay the resale levy when you sell your first subsidised flat. You may collect the keys to your new flat first; and pay the resale levy amount using the sales proceeds of your first subsidised flat. Any shortfall will have to be topped-up in cash.
If you have sold your first subsidised flat and have booked your second subsidised flat, you must pay the resale levy amount before collecting the keys to your second subsidised flat. You can pay the resale levy in cash or cashiers’ order at Toa Payoh HDB Hub cashier (Atrium, third storey) or at any HDB Branch. You cannot use a housing loan or your CPF savings to pay the resale levy.
Resale Levy Payable by Singles
If you bought a 2-room flat from the HDB under the Single Singapore Citizen Scheme or Non-Citizen Spouse Scheme or Joint-Singles Scheme or if you took the CPF Housing Grant for Singles when you bought a resale flat from the open market, you need to pay only half the levy amount when you later form a family to buy a flat from the HDB or buy an EC from the developer where land sale was launched on or after 9 Dec 2013.
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.
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.
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
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-spouse’s 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-spouse’s 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.
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