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Dear sir/mdm,

30 months period after disposal of interest in private residential properties is applicable including overseas properties if you are planning to apply for a brand new EC.

I am unsure which project you are targeting, however, given the lock in period of close to 8 years due to the construction and minimum occupation period required to be met for all brand new ECs purchases, will it make sense from investment opportunity or to look into the resale options where not only you are able to sell at any point of time after purchase subject to relevant stamp duties regulations, you also need not dispose your existing interests in the overseas property.

Or is there other reasons which I may know in your interest in a brand new EC that is helpful to know?

Do click on upvote for this response if you find it helpful. I will be more than happy to assist further should you have further clarifications required.

I have been in the real estate business since 2009, with more than 13 years of experience serving the Singapore real estate market.

I am very active in the residential segment of Singapore real estate market, having transacted hundreds of deals from HDBs to private condominiums and landed properties in Singapore, and have handled many unique cases in sales and purchases as well as rental deals.

Over the years, I have also established a network reaching out to more than 9,400 expatriates, bringing my market presence to both in and outside of Singapore. This has created an additional exposure when I manage my client's portfolios, on top of the conventional on and offline platforms, where other estate agents are relying on. This has allowed me to consistently convert leads into results.

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Hi,

I would be most glad to assist you further and please feel free to let me know if you need any assistance. Have a good day ahead. By the way, you could only purchase it together with your spouse due to the married status.

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

Hi,

For new EC, the 30 months wait out period applies after you have removed the overseas property ownership. Further, as your spouse is foreigner, you will not be eligible as new EC requires SC-SPR family nucleus. For resale EC after 5 years MOP, no such issues.

Hope the above clarifies. May I have more info and requirements about your plans so as 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 Diamond Achiever

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Good afternoon Sir,

You have to dispose off your overseas property first and observe 30 months waiting period before you are eligible to apply for a new EC.

Having said that, your wife has to be included in the application but she is a foreigner thus you wont be eligible to apply for new EC.

Will you consider the private segment where you dont have to sell off your overseas property and buy with your wife without being subject to ABSD (matrimonial home)?

Hope my sharing helps in aiding in your enquiry. May I know how can I value add further in your property needs?

Best regards,

YT Tan
Property Kaki
You dream. I create. We make it happen!
Association of Chartered Certified Accountants Graduate
Singapore Accredited Mortgage Planner

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Hi,

Both you and your spouse must not own any private properties 30 months prior to your application for a brand new EC. This means that you cannot transfer the property to your spouse.

Should you wait out 30 months after selling away your overseas private property, you can apply for a new EC under Public Scheme, with both your foreigner Wife and your Singapore Daughter as essential occupiers.

If you do not wish to wait for 30 months, and find the eligibility conditions of owning and EC too strict, you may wish to consider private housing instead. There are private condos in better location and with greater potential than ECs.

I am experienced and well-versed in both HDB and private transactions. I will be able to assist you in your property plans. Please get in touch with me for a more in-depth discussion.

Should you need require further assistance in matters relating to property, please contact me at my mobile 9748 6305  . I will be happy to assess and share with you the possibilities for you in the current market.

Thank you.

Best regards,
Robbie Chen
 9748 6305 
PropNex Realty Read More