AskGuru Q&A Community

Afternoon Mrs. Jaya,

Since you are SC, you are eligible to purchase resale EC that's more than 5 years old. No income ceiling restriction. Your credit assessment have to be determined by the banks. You are not liable for ABSD if this is your first residential property in SG.

Do feel free to contact me if you require further assistance.

Regards
Mike Lim
 96929209 
m52i@yahoo.com
ERA Read More

Hi Mrs Shetty

I am marketing 2 units at Eastvale. It is an EC which is just directly opposite Downtown East at Pasir Ris. There is no income cap for Eastvale as the condo is more than 10 years old, and so it has gone privatized. Cheers!

Regards
Aaron
 9730 8455 
aaronchong2774@yahoo.com.sg Read More

Hello Mrs Jaya,

You may call me on 93380071  or write to me on realproperty63@yahoo.com.sg

I shall send you a detailed note on the buying process.

Regards,

Radhika Prakash
Ex Banker - SCB
Global Realtor
DTZ Debenham Tie Leung
 93380071  Read More

For purchases of Executive Condo (EC), in the secondary market it would have fulfilled its minimum occupation period (MOP), which is at least 5 years for SIngaporeans to purchase.

Only then can it be approved for sale, you won't find any EC for sale less than 5 years in the open market.

ECs sold in the open market are not subjected to any income ceiling, and is treated as a private property/condo in the sale process.

Your concern will be the available funds (CPF usable, available bank loan) and the location, future prospects (value appreciation, rental yield etc).

If you have no specific preference, I can give you some analysis of existing ECs for comparison.

Cheers,
Making dreams come true, one home at a time,

Yian Tay
ERA Realty Network Pte Ltd
Mobile: 82884499 
Email: yiantay.era@gmail.com
CEA Regn - R027190C Read More