7 Answers

To be eligible for new EC launch, you will have to fulfill the income ceiling criteria, and also not own any private properties within the last 30 months. There is no MOP for resale EC, I believe you are referring to seller's stamp duty. As you have previously owned a BTO, you will be subjected to resale levy if you are eligible to apply for EC and successfully gotten a unit.

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Hi, the wait out period is 30months before you can apply for an EC as the current unit you are staying in is considered a private property. You will need to ensure that your income ceiling is not exceeded, and resale levy will be applicable. The 3year is probably referring to the SSD.

Hi, hopefully you managed to get your doubt or query answered. If so, then congrats! Hopefully you are doing well now.

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Hi, appreciate your sharing. Have to sell off your current resale EC and await 30 months for next purchase of BTO or new EC.
Looking forward to assist you at 9696 4398  or email me at stewartlim96964398@gmail.com

Cheers
Stewart-PropNex (Senior Associate Division Director) Read More
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Hi,

Unfortunately you cannot apply for this new EC as you are considered a private property owner. For private property owners you need to sell away the private property, wait out 30 months, thereafter you are eligible to apply for new EC again. You can still apply for one more subsidized housing (new BTO, new EC) but will need to pay a resale levy, amount depending on your first BTO type sold. If its 4-room that will be 40k.

Hope the above clarifies. I am well-versed with HDB and private property transactions, having helped more than 100 homeowners transit smoothly with their housing plans. Please reach out to me at 97432395  for a more in-depth discussion :)

May I have more info on your requirements so as to make better recommendations? Thanks and looking forward to chat more

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1
Hi Sir,

You will NOT BE ELIGIBLE for the new EC because you are currently holding to a private property. To be eligible for the new EC as a 2nd timer (since you had a BTO previously), you will need to sell your EC and wait out a 30 months period before you are eligible for the balloting.

There is no MOP for your current resale EC, you should only sell it after 3 years because of the 3 years seller stamp duty. For your case, a new EC may not be the best option because you will need to sell first, observe the wait out period and also the building time.

Please feel free to contact me so that I can understand your objectives and assist you further!

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1
Ineligibility for New EC Due to Private Property Ownership (Singapore):
You cannot apply for the new EC because you currently own private property.
Options for Applying for Subsidized Housing:
Sell private property, wait 30 months: This allows you to regain eligibility for new EC applications without restrictions.
Apply for one more subsidized housing option (BTO or new EC):
You will be subject to a resale levy.
The levy amount depends on the type of your first BTO flat (if applicable).
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Hi,

1) I can see you received mixed and confusing messages.
2) To buy a new EC is just like buying a BTO/SBF.
3) You have 2 chances in your lifetime to buy a subsidized flat.
4) A new EC is one of the subsidized flats from the government.
5) If you own a private residential property including a resale EC, you will have to observe a wait-out period of 30 months after selling the private residential property.
6) There were 3 EC land parcels that could be launched by the end of this year or in Q2 2025. This is an estimate from the past EC land parcel bought and launched period. Most likely would be Q1 2025 or Q2 2025.
7) I don't see you stand any chance to buy any of these EC at launch on time by selling your existing EC.
8) Moreover, you will be subject to 4% SSD by selling your EC this year. The SSD period will only expire on Feb 2025.
9) Selling the current EC with tenancy is not a feasible plan from my perspective.
10) In today's market, I don't see the possibility of someone buying a 3-bedroom EC and leasing it out.
11) This type of buyer is mainly buying for their own stay and not to collect rent.
12) The big-time investors are still targeting the CCR/RCR area rather than the OCR area.
13) The difficult part is to find an excuse to sell your current EC since the MOP is on Feb 2025. You will have to get approval from the HDB before being allowed to sell it before MOP.

Please give me a thumbs-up if the answer provided is relevant to your main concern. Thanks!!!

Hope the above answers your main concerns, but if there are more queries, please feel free to contact me at 90110636  , or email: ling.ck7@gmail.com if more information is needed.
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