Good day Ms Ang,
For New ECs, there is income cap of 12k monthly. Generally most buyers would be able to obtain a 80% loan.
As for resale ECs, there is no income ceiling as they are considered semi-private or fully private after 5 and 10 years respectively.
Initial payment would be 5% in cash & 15% in CPF for both New & Resale ECs.
Has anyone assisted you to check on your eligibility to purchase a new EC yet? If not, feel free to get in touch with me.
Will be glad to assist.
Cheers,
Leonard Tan
ERA Realty Network Pte Ltd
Bellewoods & Bellewaters Developers Sales Team
www.leonardtan-property.com
Leonardtanhw@gmail.com
9150 1162
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