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Hi Property Gurus,
In my other question regards to MOP for HDB. I understand it will be better to buy after MOP.
I am planning to buy a EC after my MOP is up provided there is still vacant units.
However, my financial situation is such, I am self employed and got names in ACRA for 2 business. However starting somewhere last year Mid month, my income is starting to drop within the income ceiling of EC? My question is am I able to buy a EC as long as me and my wife income is within the EC Ceiling? Despite me self employed and having names in the 2 business?
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3 Answers

Hi Simon,

May I know when is your MOP going to complete and which project are you considering? For self-employed, to assess eligibility for income ceiling, hdb will use the NOA that you file for the latest year and do their assessment. Thanks and may I have more details so to make better recommendations and value-add to your plans further?

Warm Regards,
Ivan Ng ERA ASAP
(ASk Anything Property)
Proactive. Sincerity. Feedback.
SMU BBM (Finance), Magna Cum Laude

Email: Ivanng10@gmail.com
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Hi Lets discuss in details on the requirement for EC income ceiling for your case and also which project are you looking at?
Feel free to reach me via 91442664  for a detailed chat
Tricia Tan
 91442664  Read More
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Hi Simon,

You will be eligible as long as your combined income with your wife based on IRAS record falls within the $14,000 income requirement.

In the event that you do not qualify, you may submit an appeal to HDB as well. I have just successfully assisted my client to appeal to HDB to purchase an EC,

Please feel free to contact me so that I can understand your situation better and provide you with more assistance.

Regards,
Nick Tan
(M) +65 9644 4854 
B.Eng(Chemical)(Hons)(NUS)
Cert-in-REA
(E) nick96444854@gmail.com
(W) www.nick-tan.com

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