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Hi,

If its a resale EC or private condo , yes no issue. However for new EC from developer, its not possible since your name is required for the application and to be eligible you can't have private property ownership within the last 30 months. 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)
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SMU BBM (Finance), Magna Cum Laude

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Hi Kevin,

Yes, if your wife and son are SC or PR, it is possible for them to co-own a resale EC that has past the 5-year MOP.

However, they are not eligible to apply for a brand new EC from Developer, as you will need to sell your condo and wait out 30 months before being able to do that. Do take note that your household income should also fall within the income ceiling eligible for EC ($14K).

Should you need any 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 and your partner in the current market.

Thank you.

Best regards,
Robbie Chen
 9748 6305 
PropNex Realty Read More

Hi sir ,

Yes indeed you can purchase a resale EC which has pass the 5 years MOP mark. That's a feasible option. Please do get in touch with me for a complete list of units available with pricing , floor plan and project details. Also, I would take the opportunity to churn out a detailed financial plan for your perusal and share more on the recent transaction caveats and customise a sales report for your understanding. I have dealt with the sales of recent resale ECs in the past year and am familiar.

The purchase process (no agent fees for private property) requires a detailed financial calculations and planning , which renders preliminary discussion imperative to establish the timeline, the finances to be availed as well as understanding the legal / admin framework coupled with analysis of property prices and calculation of potential yield and % appreciation. Do please feel free to contact me in this regards to share more on the market possibilities as well as guide you on the steps for the entire procedural framework.

Visit my website for my recent accolades, awards and testimonials@ www.kumarrai.com.

D Kumar
 +65 96659926 
ERA Associate Division Director

#1 team of ERA in Singapore, Asia Pacific International for 2014/5/6/7

ERA Q1 Top Achievers (Top1%)
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ERA Multi-Million Dollar Club Award
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P Group
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Good morning Mr Toh,

Your wife and/ or son are eligible to purchase a RESALE ec if they are at least SC or SPR.

If you are thinking of brand new EC, you will have to first dispose off your condo and observe a waiting period of 30 months before you can apply.

When you apply, new EC eligibility conditions will be applicable as well.

Such as:
1) form a family nucleus with wife
2) combined income ceiling of $14k
3) both of you must be either first or second timer.

Hope my sharing is beneficial to your property needs.

Care to share why do you have such thoughts of getting another property under them? Perhaps we can discuss and explore what are the options available to your family.

Hear from you soon!

"Your Freehold Ally, Leasehold Tactician"

YT TAN 陈永达 | ACCA Graduate, RES
R043025D
Propnex Realty Pte Ltd

(M): +65 9111 5171 
(E): yt.tan91115171@gmail.com
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(FB): www.facebook.com/yttanassetprogessor

Accolades:

Platinum achiever (Clock $100k commission within 1 month) August 2017(Propnex)
Top Individual Achiever August 2017(Powerful Negotiators Group)
Top Private Property Transactors January 2017 (Propnex)

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