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Hi all guru. Im a singapore pr and currently reside in Aust. But i do have a plan to come back sg next yr and work so that i can renew of sg pr. Im single, 27 yrs old and Im planning to buy a private condo or executive condo (TOP more than 5/10 yrs) which this property can be sold to foreigner. Personal preference is at north east or east.

My question is... can i buy an exec condo at free market after 5 yrs TOP, or i can only look for those after 10 yrs TOP? I recall that HDB only intervene for certain amount of yrs then the condo can be sold like a private condo.
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6 Answers

Hi,

For new EC bought from developer, it is semi-privatized after 5 years (can sell to SC & PR) and fully privatized after 10 years (can sell to all including foreigners). Do note that ABSD of 5% applies for your case.

Thanks and may I understand your housing requirements further so to make better recommendations? Look forward to value-add to your housing plans further.

Warm Regards,
Ivan Ng ERA ASAP
(ASk Anything Property)
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YT Tan (陈永达)
Good morning buyer,

SPR are eligible to purchase resale EC that are at least 5 years. Foreigners are only eligible to purchase after it is at least 10 years old so not to worry about that.

By the way, do take note that you will be subject to 5% ABSD as SPR.

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Hi Sir/Mdm,

You will be eligible to purchase a resale Executive Condo or any private condos. However, do note that there is a 5% Additional Buyer Stamp Duty (ABSD) which is payable. The 5% is based on the purchase price of the property. This is on top of the normal stamp duty of about 3%.

May I know which location are you looking at so that I can recommend you some potential projects?

Regards,
Nick Tan
(M) +65 9644 4854 
B.Eng(Chemical)(Hons)(NUS)
Cert-in-REA
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Testimonial from Satisfied Clients (2015/2016)
“Nick is a responsible, efficient and excellent salesperson. He has very good knowledge of the real estate market and I benefitted a lot from his advice and sharing. He is extremely patient when guiding me through the buying process and I am happy to secure a dream house within my budget with his assistance. A highly recommended salesperson who made my house hunting journey a breeze.”
Ms Chia (Buyer)

“Nick provides a delightful customer experience from day one when I engage him as my agent to look for a flat of my choice to the completion of the deal. He is competent, resourceful and has a pleasant manner to work with. He is the Agent of my choice in dealing with properties and I would highly recommend him to others who would appreciate an agent that takes care and can give the customer a peaceful mind.”
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“Nick is very pro-active in helping us to resolve whatever questions and problems that we encountered. All the issues are settled even before us having to request or ask for a second time. He was very frank and transparent with all the details, limitations and advantages that we wouldn’t have known. I think this is the most important virtue to be successful in this line. I will surely recommend him to anyone who needs his service because I trust that they will be equally satisfied!!”
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We are very happy and satisfied with his services and will definitely recommend him to our friends and family in the future.”
Mr & Mrs Tan (Seller of Inter-Terrace House) Read More
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Hi buyer,

As an SPR, you can buy a resale EC (>5 years from TOP); after 10 years it would just be a normal private condominium.

Thanks and regards,
Teck Chuan, Ng
BBA (Finance), NUS
ERA Realty Network Pte Ltd
Mobile: 9137 4602  Read More
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Good morning,

As SPR,you are eligible to purchase resale EC that's more than 5 years. However, due to stamp duty issues, it would only be advisable for you to sell after the fourth year from key collection date. This would mean that if you are looking at selling it later in the years, looking at EC that around 6 to 7 years old should be ideal.

Do feel free to contact me for further discussion.

Regards
Mike Lim
 96929209 
m52i@yahoo.com
ERA Read More
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GAN ENG JOO ONASSIS
Hi,

Re: The best deals available through SG Professional- BuyRealtor.com & NewLaunchDeal.com

You are eligible for resale EC of 5 years old :)

Feel free to engage me as your agent. I can assist you based upon your stated contents and walk you through the entire process with options.

Call me now, we can explore further in detail.

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In all Areas of Singapore. Sale/Buy/Lease/Rent, Please call and/or drop me an email me. I’m always at your Services.

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