AskGuru Q&A Community

Get answers from PropertyGuru experts in 24 hours

Asked by
Hi, I would like to get some advice on whether I am eligible to buy an EC...again.
I am currently staying in a EC which I bought for about ten years back. I am thinking of selling it and purchase another new EC. Am I eligible ?
My household income is about ten thousand. However my mum ( whom is staying with me and my wife ) is holding on to a couple of private properties and I do not know whether this will have any effect on me applying for EC.
0 •
464 views
Upvote Upvoted
Want this question answered?
Get faster responses from our experts by upvoting.
Be the first to upvote this question.

1 Answer

Geryl Lim
Replied
Hi Steve,

Generally I do not foresee an issue with you buying another EC together with your wife to form the family necleus. You do not need to include your mum's name in the application. Do take note that you will be required to dispose off your existing EC and any other private residential properties (both you and your wife) upon completion of the new EC within the 6 months period.

Regards,
Geryl LIM
Real Estate Consultant
CEA Reg R014783H
Mobile: +65-81577565 
Email: lim.geryl@yahoo.com.sg Read More
0
Upvote Upvoted

Still looking for answers?

Get answers from PropertyGuru experts in 24 hours

Ask Your Question
Previously Asked Questions