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I am an existing 1st hand EC owner (EC over 5 years but not yet reaching 10 years). I wish to sell my EC and buy re-sale HDB. Possible? or need to wait 15 months after I sell my EC before I can buy resale HDB? Thank you.
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6 Answers

Hi Serene,

If you are below 55 years old, will need to wait out 15 months before you are eligible to purchase resale HDB due to recent new regulations. If 55 years old and above, can purchase 4-room size and below resale HDB immediately no issue.

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
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  • Ivan Ng
    Sure Serene. We can always try to sell at a higher price to cover for the extra 15 months rental required. Rental market price is starting to moderate and it may be a good time to sell as well since prices are at an all time high. I am contactable at 97432395  for further discussion :)
  • ST
    Many thsnks! I am few yrs short of 55
Hi Serene,

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, are you 55 years of age or more? If yes, then you could purchase a 4 room flat or smaller the moment you sell the EC unit and need not have to wait for 15 months.

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

Since you are under the age of 55 years old, you will not be able to purchase a resale HDB after the sale of the EC. I would not advise you to sell first and rent in the interim because of the high rental price currently. To cater to the wait out period, resale transaction time and the renovation, you will need to rent for at least 21 months.

Do you happen to have an interim place to stay if you were to sell first? Feel free to drop me a whastapp msg so that I can understand your situation better and advise you better!

Regards,
Nick Tan
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Susana (Buyer) Read More
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Hi Serene,

As you are currently an EC owner, this will be considered a private property therefore you will only be eligible to purchase a resale HDB immediately if you are 55 years or above and you will also be restricted to purchase a 4 room or smaller flat. Otherwise, you will need to wait 15 months after you sell the EC before you can purchase a resale HDB. Hope that clarifies.

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.

With an evolving market, where change is the only constant, I have also been investing in upgrading of my knowledge and skills sets to improve myself and meet the demands of current and future market.

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Hi, appreciate your sharing. You require to be age 55, if not have to await 15 months after cashing out your EC
Looking forward to assist you at 9696 4398  or email me at stewartlim96964398@gmail.com

Cheers
Stewart-PropNex Read More
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Hi, hopefully you managed to get your doubt or query answered. If so, then congrats! Hopefully you are doing well now.

If you are currently or planning to find a property agent, I can assist.

If you are interested in prices of houses in your neighbourhood, you may visit this website to find out more or contact me.

https://www.era.com.sg/R064892F

If you are currently planning to go on a property journey selling/buying/renting/investing, I can be of assistance. Do feel free to reach out to me for more queries and assistance.

Landon Chew
97 39 60 40
landonchew@email.com Read More
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