PROCEDURES AND TERMS AND CONDITIONS TO BUY A HOUSING ACCOMMODATION SOLD UNDER THE EXECUTIVE CONDOMINIUM HOUSING SCHEME ACT (HOUSING UNIT) (CAP 99A)
These are the procedures and terms and conditions referred to in your Option To Purchase and Sale and Purchase Agreement. If you intend to buy an Executive Condominium unit, you will have to comply with all the procedures. You will also be bound by the terms and conditions.
Please read this set of procedures and terms and conditions carefully, before you apply for a housing unit under the Executive Condominium Housing Scheme Act (Cap 99A).
- The information states the procedures and the terms and conditions to buy an Executive Condominium unit (“EC unit”) under the Executive Condominium Housing Scheme (ECHS) Act Cap 99A.
- ECs are governed by ECHS Act. We will develop, price and sell the EC units. You are to liaise with us directly on all enquiries, requests and appeals.
- You are advised to read the procedures and terms and conditions before you apply to buy an EC unit under the ECHS.
1.2 Submission of application form
- You have to complete the application in the prescribed form (in other words, manual application form, e-application or any other form, whichever is applicable) provided by the developer.
- You have to submit the completed prescribed form at the point of booking of an EC unit at Developer Sales Gallery (You cannot submit an application form by on-line or post or fax.)
- If you are eligible and wish to apply for the CPF Housing Grant to buy an EC unit, you must also submit the application form for the CPF Housing Grant together with the EC application form to the developer at the point of booking of an EC
- The developer shall have the absolute discretion either to accept or reject any application.
1.3 Documents to provide
You must submit the original and photocopies of all documents required in the application to buy an EC unit and the application for CPF Housing Grant (if this applies), for all persons listed in the application(s). You must do so upon booking of an EC unit.
The documents which you need to submit include:
1.31 Proof of identity or citizenship
- For Singapore citizens: Identity card
- For Singapore permanent residents: Singapore blue identity card
- For non-Singapore residents: Passport
1.32 Proof of relationship and marital status
- Birth certificates (to prove relationship between parents and children, siblings, etc.); and/or
- Marriage certificate; and/or
- Divorce documents (for persons who are divorced); and/or
- Deed of separation (for persons who are legally separated); and/or
- Death certificate (if this applies).
1.33 Proof of income
- If you are employed:
- Payslips for the 3 months preceding the month of application; or
- An income letter from your employer (which must show either the company’s letterhead or stamp and the name and job title of the person signing it) on your gross monthly income for the 3 months preceding the month of application.
- If you are self-employed:
- latest Notice of Assessment from IRAS (NOA); or
- certified annual statement of accounts from an audit firm;
- valid Accounting & Corporate Regulatory Authority (ACRA) computer information (business profile) and valid license of business or trade; and
- Undertaking to confirm the average gross monthly income for the 6 months preceding the month of application.
- If you are paid on commission:
- Commission statements or payslips for the 6 months preceding the month of application; or
- An income letter from your employer stating commission income or salaries for the 6 months preceding the month of your application.
- If you work part-time:
- Monthly-rated part-time employee with fixed monthly salary must submit a letter from employer stating your status as permanent staff and salaries for the 6 months preceding the month of application (which must show either the company’s letterhead or stamp and the name and job title of the person signing it); or
- Hourly-rated part-time employee with variable salary must submit payslips for the 6 months preceding the month of application or letter from your employer stating your salaries for the 6 months preceding the month of application (which must show either the company’s letterhead or stamp and the name and job title of the person signing it).
- If you do odd jobs:
- latest Notice of Assessment (NOA) from IRAS; or
- An income letter from your employer (which must show either the company’s letterhead or stamp and the name and job title of the person signing it) stating salaries for the 6 months preceding the month of application.
- If you are unemployed (all persons aged between 18 and 62):
Undertaking to confirm the employment status and the period of unemployment/previous employment within the assessment period (if it applies);
If you are unemployed for less than three preceding months, we will work out the average income based on the actual number of months you have worked.
A valid copy of a Student Pass or letter from the school, college, institute of learning for persons aged 18 and above, to confirm full-time student.
1.34 Forms and undertakings
You, your spouse or essential occupier listed in the application form will have to sign all such forms, letters of consent, letters of undertaking, letters of confirmation, and such other documents (“the documents”) as may be required to determine your eligibility to buy an EC unit.
The documents shall form an integral part of the terms and conditions to buy an EC unit and any reference to a term or condition in the documents shall be a term and condition to buy an EC unit.
If you fail or refuse to sign any of the documents, you may be rendered ineligible to buy an EC unit and the consequences set out in the Option To Purchase and Sale and Purchase Agreement (if this has been signed) will apply. The consequences as set out in the ECHS Act will also apply (if it is relevant).
HDB’s prevailing policies, rules and regulations shall apply at all times. All decisions reached in this regard shall be final and conclusive.
1.35 Other documents
You must also produce such other documents as required by the developer to ascertain your eligibility to buy an EC unit.
All documents submitted to the developer will be retained by the developer for record purposes and will be treated as strictly confidential. The documents will not be returned to you or any of the persons listed in the application.
If there are any changes in your family nucleus, for example, due to marriage, death, divorce or separation of any person listed in the application, you must produce the relevant documents (e.g. marriage certificate, death certificate, divorce documents, Deed of Separation, etc.) to the developer. This is to re-assess and re-confirm your eligibility to buy an EC unit.
1.4 Use of data
You, including all persons listed in the application form shall unequivocally and irrevocably consent to and give the developer the right to release any information stated in the application forms, as well as such other information the developer may receive in the course of the sale of an EC unit to you, to HDB and to such other parties as may be authorised by HDB to process your application to buy an EC unit and/or to determine the eligibility and your continued eligibility to buy an EC unit.
To process the application relating to the name, NRIC number, nationality, race, sex, date of birth, address and/or other details of you and/or any other persons listed in the application form, the developer shall have the right to rely on HDB’s records, and/or any other relevant authorities as it considers fit.
Note: To administer housing programmes and services, HDB may collect personal data from the developer and/or other relevant government agencies on you or all persons listed in the application form. HDB may share, obtain and use the necessary data with/ from other Government agencies, except where prohibited by legislation. The developer and HDB will not share the personal data of you or any of the persons listed in the application form with non-Government entities, except where such entities have been authorised to carry out specific Government services.
1.5 CPF Housing Grant
If you are a Singapore citizen (SC) and you and the other essential occupiers (and their spouses) in the application have not taken any housing subsidy before*, you can apply for the CPF Housing Grant to buy the EC unit.
Note: *In other words, you must not:
- own a flat bought from HDB; or
- have sold a flat bought from HDB; or
- have received the CPF Housing Grant to buy an EC unit, a Design, Build & Sell Scheme (DBSS) flat or an HDB resale flat; or
- have transferred a flat bought from HDB or an HDB resale flat bought under the CPF Housing Grant Scheme; or
- have taken other forms of a housing subsidy, such as have taken benefits under the Selective En bloc Redevelopment Scheme or your flat has undergone HUDC estate
For more information on the eligibility conditions of the CPF Housing Grant, please refer to the application form for CPF Housing Grant.
Table 1: CPF Housing Grant amount for EC Buyers
|Monthly household income|
CPF Housing Grant
SC / SC household
CPF Housing Grant
SC / SPR* household
Half Housing Grant #
SC / SC or SC / SPR household
|Not more than $10,000||$30,000||$20,000||$15,000|
|More than $10,000 to $11,000||$20,000||$10,000||$10,000|
|More than $11,000 to $12,000||$10,000||$0||$5,000|
Note: * SPR – Singapore permanent resident.
# This applies if your spouse, fiancé or fiancée has taken a housing subsidy before.
- If you are an SC/SPR household, you can apply for the Citizen top-up grant when one of the following conditions is met:-
- The birth of an SC child; or
- The SPR spouse, parent or child listed in the application has converted to
Within six months after one of the conditions is met, you must apply for the Citizen top-up grant to the HDB Branch managing your EC unit, or to the developer if you have not taken possession of your EC unit.
If you have sold the EC unit, you will not be eligible to apply for the Citizen top-up grant.
b. Two single persons applying for an EC unit are not eligible for CPF Housing Grant, as they are not considered an eligible family
|Proof of Identity/Citizenship|
|Singapore Citizen (“SC”)||Pink Identity Card|
|Singapore Permanent Resident (“SPR”)||Blue Identity Card|
|SAF/Civil Defense/ Police Force Personnel||Certified true copy of Pink/Blue Identity Card and Personnel Identity Card (e.g. SAF 11B for SAF Personnel)|
|SPR just obtained citizenship||Collection slip issued by ICA & Singapore Passport|
Proof of Relationship and Marital Status under:
- Applicant; and spouse and children and parents (if any); and siblings (if any)
- Marriage Certificate(s)
- Birth Certificate(s)
- Applicant (Divorced); and children (if any); and parents (if any)
- Decree Nisi Absolute or Final Judgement
- Divorce Certificate for Muslim Divorce
- Order of Court / Custody documents for Muslim (children under legal custody, care, and control)
- Legal adoption papers
- Birth Certificate
- Applicant (Widowed); and children (if any); and parents (if any)
- Marriage Certificate
- Death Certificate of spouse
- Birth Certificate
- Applicant and Fiancé/Fiancée
- Consent to marriage of a minor (below 21 and above 18 years old)
- Applicant; and unmarried siblings
- Birth Certificate
- Parents’ Death Certificate and Marriage Certificate
- Applicant; and another single person
- Both must be Singapore Citizens
- Both must be at least 35 years old
Proof of Income
- Original pay slips for the 3 months preceding the month of application/ booking; or
- Income letter from employer (which must bear either the company’s letterhead or stamp and the name and designation of the signatory) indicating that the person has been employed for the 3 months preceding the month of application/booking.
- Latest Notice of Assessment (“NOA”) from IRAS; or
- Statement of Annual Accounts certified by an Audit Firm; and
- Valid Accounting and Corporate Regulatory Authority (“ACRA”) Computer Information (Business profile) / Valid license of business / trade; and
- Undertaking to declare the average monthly income for the 6 months preceding the month of application / booking.
- 6 months’ commission statement / pay slips preceding the month of application / booking; or
- Letter from employer (must bear either company’s letterhead or stamp and the name and designation of the signatory) stating 6 months’ commission preceding the month of application / booking and Notice of Assessment (“NOA”) from IRAS (if applicable).
- 6 months’ pay slips preceding the month of application / booking; or
- Recent letter from employer (must bear either the company’s letterhead or stamp and the name and designation of the signatory) stating the person has been employed and his/her past 6 months’ salary preceding the month of application / booking.
- Latest Notice of Assessment (“NOA”) from IRAS; or
- Recent letter from employer (must bear either the company’s letterhead or stamp and the name and designation of the signatory) stating salaries for 6 months preceding the month of application / booking.
- Undertaking to confirm the employment status and the period of unemployment / previous employment within the assessment period; or
- Copy of Student Pass or letter from School / College / Institute of Learning to confirm student status for person who is 18 years old and
- Applicable to applicants and occupiers between 18 and 62 years old who are unemployed.
- If the applicants and occupiers are unemployed for fewer than 3 months, the average income will be computed based on the number of actual months he/she has worked.
FREQUENTLY ASKED QUESTIONS AND ANSWERS
Section one: General information
A1: The Executive Condominium Housing Scheme (ECHS) is the Government’s housing scheme to cater to the aspirations of Singaporeans to live in private properties.
Executive Condominiums (ECs) are developed and sold by property developers. They are comparable in design and facilities to those in private condominiums but are sold at more competitive prices.
Similar to private condominiums, ECs are sold with strata titles. This allows buyers like you to collectively own the common property like car parks and recreational facilities. You will form a management corporation to manage and upkeep the estate that best meets the interests and requirements of the residents.
You must meet the eligibility conditions to buy an EC unit. You must remain eligible and physically occupy the EC unit for at least five years after the Temporary Occupation Permit is obtained for the EC development.
A2: ECs are governed by the ECHS Act. Private property developer will develop, price and sell the EC units. The developer also works with you directly on all enquires, requests or appeals. Some examples are given below.
• Sale of EC units
• Pricing and payment scheme for purchase of EC units
• Your eligibility to buy an EC unit
• Your eligibility for the CPF Housing Grant (if this applies)
• Housing Loan
• Design, construction, and compliance with statutory requirements
Any request for changes to your application
• Change in family nucleus
• Change in selection of EC unit
• Withdrawal or cancellation of purchase of EC unit
• Termination of purchase
• Purchase of an EC unit
• Retention of an EC unit
• Waiver of forfeiture due to early termination of the Option To Purchase or the Sale and Purchase Agreement
A3: The facilities available in an EC development are generally similar to those provided in private condominiums, such as a clubhouse, swimming pool, tennis court, etc. The exact facilities and selling prices will vary from project to project. The developer will inform the public during the launch of its project.
Section two: Eligibility to buy an EC unit
A4: You can approach us (developer sale team) if you wish to buy an EC unit in Singapore.
A5: No. If you and your fiancé or fiancée wish to buy an EC unit, please approach the developer sale team after the divorce is finalised. That is after you have obtained the Certificate of Making Interim Judgment Final or Divorce Certificate for a Muslim divorce.
A6: If you, your spouse, or any family member to be listed in an EC application owns a private property in Singapore or overseas, you are not eligible to buy an EC unit. If you have disposed of your private property, you may apply for an EC unit after 30 months from the date of disposal of the private property.
A7: Yes. You must pay the amount owed to HDB (with interest if this applies) before you may apply for an EC unit to be bought from property developer. You can make the payment at your HDB Branch and show proof of payment to the developer when you book an EC unit.
Section three: Application procedures and cancellation
A8: You have to produce documents to the developer to check your eligibility when you book an EC unit. Please refer to the procedures and terms and conditions attached in the EC sales brochure. You may also wish to check with the developer to confirm the required documents.
A9: Yes. If you have not booked a flat with HDB, you can apply and book an EC unit with the developer. HDB will cancel your flat application after you have booked an EC unit.
A11: If you are eligible and you choose to give up your EC unit before you execute the Sale and Purchase Agreement, the developer will impose a forfeiture of 25% of the booking fee as provided in the Option To Purchase.
A12: If you decide not to exercise the Option To Purchase for the other EC unit you had booked earlier, you must inform the other developer of your decision and cancel your booking, before you can buy an EC unit in this project. Part of your booking fees will be forfeited by the other developer in accordance with the earlier Option To Purchase.
A13: If you have signed the Sale and Purchase Agreement for another EC unit, you must check with the other developer on whether you can still buy another EC unit. Please note that the developer can impose a forfeiture of 20% or 5%* of the selling price (whichever applies for the project) upon termination of the Sale and Purchase Agreement and may take other actions as set out in that Sale and Purchase Agreement.
Note: *Please check with your solicitor on the forfeiture amount that applies for your EC development.
A14: Under the Fiancé/Fiancée Scheme, you must produce your marriage certificate for the developer’s verification (for further details on the scheme, please refer to the EC terms and conditions). If at any point in time, there is a break-up in the fiancé and fiancée relationship, you will become ineligible to continue with your EC purchase. In this situation, the developer can terminate your Sale and Purchase Agreement and impose a forfeiture amounting to 5% of the purchase price.
If you have received a CPF Housing Grant for your purchase, you and your fiancé or fiancée will have to return the CPF Housing Grant together with accrued interest. If the full amount cannot be recovered at that juncture, the outstanding amount will be treated as a debt owed by you and your fiancé or fiancée to the Government. Both of you will also not be eligible to rent or buy or take over the ownership of an HDB flat, DBSS flat or EC unit until you have paid up this debt in full (with interest).
For more details, please approach the developer to help you further.
A15: If your Sale and Purchase Agreement with the developer is terminated in accordance with the Sale and Purchase Agreement (for example, because you have ceased to be eligible to continue with the purchase of the EC unit), the developer will impose a financial forfeiture amounting to 5% of the unit’s purchase price. Please also check with your solicitor on other expenses related to the termination.
It is therefore very important for you to ensure that you remain eligible to buy the EC unit before and after you sign the Sale and Purchase Agreement. You must remain eligible from application to the expiry of the 5-year minimum occupation period of the EC unit.
For more details, please approach us to help you further.
Section four: Financing
A16: You must pay an option fee (equivalent to 5% of the purchase price) in cheque or Cashier’s Order upon booking of an EC unit. You must also pay the balance 15% of the purchase price according to the timeframe as stated in your Option To Purchase. The CPF Housing Grant given to eligible buyers may be used for this balance down payment.
The developer may offer a progress payment scheme or a deferred payment scheme in the sale of EC units. Please check with the developer for details about the payment schedule that applies for your EC purchase.
Other payments include legal fees payable to your solicitor and stamp fees and registration fees on the legal documents for the transaction. Please check with your bank or solicitor for more information on financing matters.
A17: Yes. NPS refers to the payment schedule set out in the standard Sale and Purchase Agreement. DPS is a payment scheme where a developer allows buyers to pay in a manner other than the standard payment. If you have opted for DPS, this may affect the purchase price of your EC unit. Please check with us for more details.
A18: Yes. Under the existing CPF rules, only buyers(s) can use their CPF Ordinary Account savings to pay for their EC unit. The occupiers listed in the application are not allowed to do so.
The CPF usage for the EC is subject to applicable limits, which will be determined based on the detailed information regarding the purchase. The CPF Housing Grant will be treated as part of the CPF funds of the buyers and will be included in the computation of the applicable limits on the total amount of CPF savings that can be used for the EC purchase.
For more information on the use of CPF savings, please visit CPF Board’s website at www.cpf.gov.sg.
A19: HDB does not grant housing loan for EC purchase. Similar to private property buyers, EC buyers have to arrange for their own mortgage financing from financial institutions regulated by the Monetary Authority of Singapore.
Please check that you are able to take a home loan from a financial institution before you apply to buy an EC unit.
Section five: CPF Housing Grant
A20: You must complete and sign the application form for CPF Housing Grant and submit to the developer when you book an EC unit. The supporting documents (for example, payslips and marriage certificate) that are required can be found in the procedures and terms and conditions enclosed in the EC brochure, as well as the application form for CPF Housing Grant. You can get the application form for CPF Housing Grant from the developer.
If you did not bring any of the supporting documents, you have to submit the outstanding ones to the developer within one week from the date of booking. If the complete set of documents is not received within the one-week deadline, you will not be considered for the CPF Housing Grant.
If your housing grant application is successful and you have booked an EC unit, you must complete and submit the application to use your CPF savings (through your solicitor) to CPF Board for processing. This will enable you to use your CPF savings and/or the CPF Housing Grant towards the payment for your EC unit. However, if the developer has served the Notice to take Vacant Possession, you will not be eligible for the CPF Housing Grant.
A21: For eligible buyers who are husband and wife and are both Singapore citizens, the CPF Housing Grant will be divided equally and credited into their respective CPF accounts. For the other cases, the CPF Housing Grant will be credited into the CPF account of the buyer who is a Singapore citizen and has not taken any housing subsidies before.
A22: The first 5% of the purchase price of your EC unit must be paid in Cashier’s Order or cheque. You can use the CPF Housing Grant to pay for the remaining down payment (in other words, 15% of the selling price) after you have signed the Sale and Purchase Agreement.
To ensure that the CPF Housing Grant is available for your use, please submit all the documents to the developer within one week after booking an EC unit. Please also complete and submit the application to use your CPF savings (through your solicitor) to CPF Board for processing immediately upon your booking of an EC unit.
A23: You must return the CPF Housing Grant with accrued interest to the Government if you do not proceed with the purchase of the EC unit.
Please refer to the CPF Housing Grant Form application form for more details. If you need more information, please check with the developer.
A24: Yes. You will be eligible for the CPF Housing Grant if you meet the conditions for the grant and the developer has not served the Notice of Vacant Possession on you.
A25: No. However, when you dispose of your EC unit, you must refund all the CPF savings, including the CPF Housing Grant which had been withdrawn for the purchase of the EC unit, to your CPF account. You may then use the CPF savings returned to your CPF account in accordance with the prevailing CPF rules and policies.
A26: No. These grants do not apply to the purchase of an EC unit.
Section six: Premium or resale levy
A27: Yes. As a second-timer, you must pay the 20% premium on the EC‘s purchase price or resale levy in one lump sum cash.
A28: You are given up to six months from the date of taking possession of the EC unit to sell your existing flat. The resale levy will be deducted from the cash proceeds upon completion of the resale transaction. Any shortfall will have to be made good in cash.
The resale levy you have to pay will depend on the type of subsidised flat you own. Please refer to Part 7 and Annex C of the terms and conditions for more details.
A29: After you have waited out 30 months from the sale of the EC unit and if you are eligible to buy a second subsidised flat, you must pay a resale levy of $55,000. This levy has to be paid via Cashier’s Order (in favour of “HDB”) in one lump sum before you can collect the keys to the second subsidised flat.
A30: No. You will not be able to proceed as payment of the 20% premium or resale levy is one of the eligibility conditions for the EC purchase.
Section seven: Ownership administration
A31: Owners are not allowed to dispose of their EC unit before the expiry of the five-year minimum occupation period as it will be an infringement of the Executive Condominium Housing Scheme Act (Cap 99A).
A32: If an owner infringes the Executive Condominium Housing Scheme Act or its relevant regulations, his EC unit may be compulsorily acquired. The compensation payable to the owner will be in accordance with the Executive Condominium Housing Scheme (Compensation & Order of Priority) Regulations.
A33: EC owners may rent out bedrooms subject to all the terms and conditions stated in HDB InfoWEB.
While no prior approval is required from the HDB, the EC owner must register the renting out of bedrooms with HDB within seven days of doing so. They must also notify HDB when they renew or terminate the renting out of bedrooms, or when there are changes to the tenants’ details.
A34: EC developers market and sell dual-key EC units as one entity under one strata-title to enable multi-generation families to live together and provide mutual care and support to each other. This is particularly important given Singapore’s ageing population. At the same time, the dual-key EC unit has the advantage of allowing such families to enjoy the privacy of separate living spaces.
The multi-generation families must live in the dual-key EC units for five years from the Temporary Occupation Permit of the EC development. EC owners who wish to rent out bedrooms must comply with HDB’s terms and conditions for renting out. You can read more about the terms and conditions at the HDB InfoWEB. You must register the renting out of bedrooms with HDB within seven days of doing so.
A35: No. You cannot buy or invest in private property in Singapore or overseas from the time of your EC application to the expiry of the five-year minimum occupation period (MOP). The MOP is computed from the Temporary Occupation Permit date of the EC development. You may buy a private property in Singapore or overseas only after the expiry of the five-year MOP.
A36: You may sell your EC unit in the open market to Singapore citizens or Singapore permanent residents after the five-year minimum occupation period which starts from the Temporary Occupation Permit date of the EC development. However, you can sell it to any persons after 10 years from the Temporary Occupation Permit date.