AskGuru Q&A Community

Question

Home Buying

Asked by Anonymous 27 Feb 2019

Hi,

I understand that income ceiling for EC is $14,000.

If both parties hold a basic salary with commission, do we take the basic monthly salary or annual income into consideration?

Income assessment is done during application or at a later stage?

If during launch day, we chosen a unit with deposit made but later fail the income assessment, do we get back our deposit?

what is the chances for appeal if income exceed 10% more than the capping?

Thank you

6476 views

Upvote Upvoted

10 Answers

Previously Asked Questions

Aaron Chong · Answer 1 · 2019-02-27T14:51:49+08:00

Aaron Chong

Replied 27 Feb 2019

Hi, I would be most glad to assist you further and pls feel free to let me know if you need any assistance. Hope to hear from you soon and have a great week ahead. By the way, let’s say you have already placed a deposit to secure a unit and later on the HDB rejected your application base on the income status. The deposit will be refunded back to you. I am currently also assisting a couple who are keen in a new EC project.

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

Upvote Upvoted

Mark Ng S W · Answer 2 · 2019-02-27T15:45:14+08:00

Mark Ng S W

Replied 27 Feb 2019

Hi do contact me at 97970200 to discuss more

Mark, your RIGHT choice
Propnex Read More

Upvote Upvoted

Ivan Ng · Answer 3 · 2019-02-27T15:51:14+08:00

Ivan Ng

Replied 27 Feb 2019

Hi,

Is the variable commission on a recurring basis? Income assessment is done at point of application at booking of unit. Typically exceeding income ceiling by 10% requires appeal with hdb, and on case by case basis. I have worked on similar cases and perhaps I could share more inputs.

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
ERA Senior Marketing Director
ERA Top 600 Achievers in Year 2017 (Top 10%)
ERA Top 300 Achievers in 3rd Quarter 2017 (Top 5%)
SMU BBM (Finance), Magna Cum Laude
Proactive. Sincerity. Feedback.

Contact: (+65) 97432395
Email: Ivanng10@gmail.com
IG: instagram.com/ivanngrealtor
FB: facebook.com/ASAProp
W: ivanng10.com/clientreviews
(Client's Testimonials)

**Note: We are not prompted when you respond here, hence please get in touch directly. Look forward to hear from you soon! ** Read More

Upvote Upvoted

Lyna Song · Answer 4 · 2019-02-27T17:13:40+08:00

Lyna Song

Replied 27 Feb 2019

Hi;

Usually for salary with commission component involved, we will take average of 12 month's pay to average out the monthly salary. Income assessment are done during the E-Application ( before booking ) as we need to enter all your details into the HDB system to ensure your eligibility.I have done a few appeal cases before and i'm also from the appointed developer's sales team involved in the upcoming EC in Punggol, which will be launching soon. Perhaps we can meet up for a short discussion to address all your concerns ? Please feel free to contact me for further info.Thanks

Rgds;
Lyna Song Propnex
Associate Group Director
96238442
lynasong@hotmail.com Read More

Upvote Upvoted

Eric Teo · Answer 5 · 2019-02-28T09:24:50+08:00

Eric Teo

Replied 28 Feb 2019

There are also some private condos that are at very attractive pricing and psf which is comparable to upcoming ECs. Should you be keen to meet up for a no obligation discussion to understand your needs better. #WeShare #YouDecide Read More

Upvote Upvoted

Jenny Tran · Answer 6 · 2019-02-28T10:13:20+08:00

Jenny Tran

Replied 28 Feb 2019

hi,

To answer your question
1. Based on annual income
2. Income assessment has to be done before booking
3. Can appeal to HDB on case by case basis on income ceiling
By the way I'm in the developer's sale team for the upcoming EC in Punggol (launching mid 2019), the one and only EC launch this year, I would be glad to assist you further

Kindly contact me at 9726 1112

Thank you and best regards,

Jenny Tran Propnex
97261112 Read More

Upvote Upvoted

Thea Hoi Shu Min · Answer 7 · 2019-05-07T23:37:46+08:00

Thea Hoi Shu Min

Replied 7 May 2019

Dear client Good day to you! I would be more than happy to assist you in your house process. I have a system whereby i can churn out a report based on your requirements. Please allow me to assist you by sending a detailed report on the available listing that is currently on the market that suit your requirements. Feel free to give me a call at 81255537 or email me anytime. Hope to hear from you soon!

Warmest Regards
Thea
81255537
thea@theahoi.com Read More

Upvote Upvoted

Ivan Ng · Answer 8 · 2019-10-17T14:47:25+08:00

Ivan Ng

Replied 17 Oct 2019

Good afternoon,

As the EC income ceiling has been raised to $16k per month, just wondering if you are still considering new ECs at the moment?

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
ERA Senior Marketing Director
ERA Top 600 Achievers in Year 2017 (Top 10%)
ERA Top 300 Achievers in 3rd Quarter 2017 (Top 5%)
SMU BBM (Finance), Magna Cum Laude
Proactive. Sincerity. Feedback.

Contact: (+65) 97432395
Email: Ivanng10@gmail.com
IG: instagram.com/ivanngrealtor
FB: facebook.com/ASAProp
W: ivanng10.com/clientreviews
(Client's Testimonials)

**Note: We are not prompted when you respond here, hence please get in touch directly. Look forward to hear from you soon! ** Read More

Upvote Upvoted

Able S.K Toh · Answer 9 · 2024-08-04T00:19:09+08:00

WhatsApp me at: ABLE Toh (65) 98 56 92 55 or through this link.:https://wa.me/6598569255

----------------------------888--------------------------------888--------------------------->>>

"If you need more assistance with property matters:

like renting / selling, buying / or investing, I'm here to help!

WhatsApp me at: ABLE Toh (65) 98 56 92 55 or through this link.:https://wa.me/6598569255

(Unfortunately, this platform doesn't allow direct contact, but you can easily reach me )

(***) You can check out my reviews here: https://www.propertyguru.com.sg/agent/able-s-k-toh-61591.

For buyers, I offer solutions for sourcing resale and new private homes at no charge.

I can connect you with reputable bankers for private housing loans free of charge and with no obligation.

I also have partners to assist with mortgage home insurance matters.

Let's seal this affinity by technology; please PM me your contact for assistance with your real estate needs. So, I believe in Affinity (Chinese word: 缘份） :), let's SEAL this AFFINITY Not by blood but by Technology > Please PM, Private Message your contact so that I CAN BE (EXTRA) PAIR OF HANDS / BRAIN and LEGS to Assist you NOW or FUTURE REAL ESTATE NEEDS!

*** You can reach me at my Singapore mobile: (65) 98 56 92 55 or email me at Able.selling@gmail.com.

From: ABLE Toh- Your Property ASSISTANT : ）

“ i am ABLE to Help As Much As You are ABLE To PM (Private Message) me ”

XXXXX The End XXXXXXX Read More

Able S.K Toh · Answer 10 · 2024-08-04T00:19:12+08:00

WhatsApp me at: ABLE Toh (65) 98 56 92 55 or through this link.:https://wa.me/6598569255

----------------------------888--------------------------------888--------------------------->>>

"If you need more assistance with property matters:

like renting / selling, buying / or investing, I'm here to help!

WhatsApp me at: ABLE Toh (65) 98 56 92 55 or through this link.:https://wa.me/6598569255

(Unfortunately, this platform doesn't allow direct contact, but you can easily reach me )

(***) You can check out my reviews here: https://www.propertyguru.com.sg/agent/able-s-k-toh-61591.

For buyers, I offer solutions for sourcing resale and new private homes at no charge.

I can connect you with reputable bankers for private housing loans free of charge and with no obligation.

I also have partners to assist with mortgage home insurance matters.

Let's seal this affinity by technology; please PM me your contact for assistance with your real estate needs. So, I believe in Affinity (Chinese word: 缘份） :), let's SEAL this AFFINITY Not by blood but by Technology > Please PM, Private Message your contact so that I CAN BE (EXTRA) PAIR OF HANDS / BRAIN and LEGS to Assist you NOW or FUTURE REAL ESTATE NEEDS!

*** You can reach me at my Singapore mobile: (65) 98 56 92 55 or email me at Able.selling@gmail.com.

From: ABLE Toh- Your Property ASSISTANT : ）

“ i am ABLE to Help As Much As You are ABLE To PM (Private Message) me ”

XXXXX The End XXXXXXX Read More

AskGuru Q&A Community

10 Answers

Still looking for answers?

Get answers from PropertyGuru experts in 24 hours

AskGuru Q&A Community

Want this question answered?

10 Answers

Still looking for answers?

Get answers from PropertyGuru experts in 24 hours