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Hi there, I am a 42 years old single man with an estimated monthly gross salary of $3500. Currently owned a 4 room HDB resale flat bought at $240k and left with 90k HDB loan to pay. My question is, if I manage to sell my current flat at 400k, will it be possible for me to buy a $600-$700k EC? Thank you.
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3 Answers

Hi,

To qualify for a new EC, you need to purchase with your parents or another single singapore citizen 35 years old and above. Thats the eligiblity conditions.

Assume no issue, yes its possible to upgrade but I need more details about the cash & cpf OA available to make better recommendations.

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

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Ivan was always responsive and we had no worries to pass him the house keys. The whole process was transparent and hassle free, and he was always thinking from our point of view on how to make life easier for the client. He is a committed professional and has fast execution, so we felt assured that things are done well and we can entrust the sale process entirely to him.

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We decided to engage Ivan as our agent as we were impressed with how he answered the enquiries on property guru website.

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When it comes to selling of our unit, he was always prompt in arranging for viewings and he also tried his best to arrange and consolidate the viewings due to our time constraints. He is a reliable and prompt agent and is always willing to clarify any concerns and questions that we have.

Thanks Ivan! :) Read More
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Evening,

You are not eligible for new EC as single. If you are looking at resale EC, you might have restriction on cash component as you might not be able to obtain sufficient loan to finance the purchase.

FYI
Mike Lim
 96929209 
m52i@yahoo.com
ERA Read More
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GAN ENG JOO ONASSIS
Hi,

RE: SINGAPORE PROFESSIONAL REALTOR SERVICES BY “ONASSIS GAN” – SGAGENT.COM

Single SC cannot buy EC alone.

Onassis Gan | R021244C | Today’s SG Professional l SGAgent.com & SGRealtor.com
ACTA (Full); PDCE (Singapore); MSc BIT(Middlesex); BBA (South Australia)

Singapore Line : (+65) 92222389 
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