Asked by Jack
How much must a combined income a couple have before even considering getting a EC -3 to 4 bedroom?
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1 Answer
Hi Jack,
My company is currently marketing 2 ECs- One Canberra in Yishun and Watercolours in Pasir Ris. The E-applications is commencing very soon, under current HDB ruling, the combined monthly income ceiling for EC applicants is $12,000.
As long as you are able to secure a bank loan for your purchase and do not have any eligibility issues, you may proceed to apply for an EC. The ideal percentage of the monthly income that will be used to service the mortgage varies from individual to individual, accordingly to their comfort level and existing financial commitments. I would love to refer a banker to you if you need assistance in this area.
For any other queries please feel free to give me a call or drop me an email.
Best regards,
Gilston Tan
9155 8258
gilston.tan@gps.com.sg Read More
My company is currently marketing 2 ECs- One Canberra in Yishun and Watercolours in Pasir Ris. The E-applications is commencing very soon, under current HDB ruling, the combined monthly income ceiling for EC applicants is $12,000.
As long as you are able to secure a bank loan for your purchase and do not have any eligibility issues, you may proceed to apply for an EC. The ideal percentage of the monthly income that will be used to service the mortgage varies from individual to individual, accordingly to their comfort level and existing financial commitments. I would love to refer a banker to you if you need assistance in this area.
For any other queries please feel free to give me a call or drop me an email.
Best regards,
Gilston Tan
9155 8258
gilston.tan@gps.com.sg Read More