7 Answers

you can rent out even you buy brand new EC. i don't think any difference from developer agent and your agent. you can ask him along.

need to submit appeal for more than $16k income.

wilson leong
 96305577  Read More

To purchase a brand new EC, both you and your spouse has to be included in the purchase which means the current hdb needs to be sold when you collect the keys to the new EC. Its part of HDB regulation. I believe your plan is to have 2 properties? One for stay and one for rent out. If so, new EC perhaps may not be the most ideal option.

For pricing, its all set by Developer and typically there is not much difference in terms of going to either. Personally feel more important is to work with one agent who can value add to your asset progression journey and be committed and value add to your property plans.

May I have more info and requirements about your plans so to make better recommendations? Thanks and look forward to value-add to your housing plans.

Warm Regards,

Ivan Ng Realtor
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Robbie Chen Chee Howe
Hi Sir,

Firstly, should you wish to purchase a brand new EC from the developer, your monthly household income should not exceed $16k. You could try to appeal if your income is only slightly over.

Secondly, should you proceed to purchase the EC either with your wife as a co-owner or an occupier, she will be required to sell off her HDB flat latest within 6 months upon the TOP of the EC.

Lastly, you will be liable for a resale levy if your wife's HDB flat was bought previously with CPF housing grant, or is a BTO direct from HDB.

If your objective is to own 2 properties, 1 for own stay while the other to rent out, then I think the EC option is out for you.

There may be other options which you may consider. Do get in touch with me for further discussion. We can explore these options together.

I am experienced and well-versed in both private and HDB resale transactions. My area of focus is in Central/Queenstown/Bukit Merah/West region, and I am blessed to have transacted several record-breaking "million-dollar" HDB flats over the past 1-2 years, with many others in the $900k+ range.

I will be able to assist you in your property plans. Please get in touch with me for a more in-depth discussion.

Should you need require further assistance in matters relating to property, please contact me at my mobile 9748 6305  . I will be happy to assess and share with you the possibilities for you in the current market.

Thank you.

Best regards,
Robbie Chen
 9748 6305 
PropNex Realty Read More

Based on the information you provided, the HDB is under your wife name which mean she have 1 property and you don't have any property as of now.

Let's us go step by step on this.

Buying a new EC:
You will need to qualify for the EC under one of these eligibility schemes:
1) Public Scheme
2) Fiancé/Fiancée Scheme
3) Orphans Scheme
4) Joint Singles Scheme
For your case, you and your wife can apply under Public Scheme. This bring us to the next issue - you must not own any property during the application which mean your wife does not qualified on this.

The income ceiling is $16k and any deviation from this will require HDB approval thus you might want to check with them on this.

I believe we must first think what is your main objective? Is it for investment? Then perhaps you can look at other options.

There no difference between developer Agent or your own agent. It about whether the agent is good for you. If you have been using the same agent for many years, I believe there must be a reason to it thus you can perhaps discuss with him on this.

Feel free to contact me if you have any query.


Alan Sng
PropNex Read More
Dear Sir,

FOr a brand new EC, you will need to sell off your current HDB as both you and your wife names will need to be included as part of the family nucleus. For the income ceiling, you can appeal for a wavier if it slightly exceeds the 16k cap, but do note that if you have enjoyed the CPF housing grant previously, you will be liable for a resale levy.

A new EC may not be the best option as the price of EC nowadays are no longer significantly lower than private condos due to the high land prices. Some private condo are slightly higher priced but in much better locations.

The price for new development is set by the developer and therefore it is the same. You may choose to go thru your friend or with the appointed agents depending on who you are more comfortable with.

Please feel free to contact me if you need further assistance.

Nick Tan
(M) +65 9644 4854 
(E) nick96444854@gmail.com
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Mr & Mrs Tan (Seller of Inter-Terrace House) Read More

If your income ceiling exceeds the cap $16k, you will need to submit an appeal with supporting reasons. You will need apply with your spouse in order to form a family nucleus in order to apply for a new EC. If you go to the developer's appointed agency, he / she will be more well verse about the project and are able to suggest the better unit for you and keep you posted if there is any first-hand info ie discounts / drop-out units from the developer. I am currently the appointed marketing agent for Piermont Grand, the only EC in 2019. Please feel free to get in touch with me for more info. Thanks

Lyna Song
Associate Group Director
Propnex Realty Pte Ltd
 9623 8442 
lynasong@hotmail.com Read More