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I have just sold my condominium and have a year to look for another as I will be renting for now.

I understand that there is a restriction for purchase of EC so two questions:

1. My basic is just below S$14K (excluding bonuses, benefits in kind etc.), but will likely exceed this by the next increment in April next year. My spouse has just resigned so will be home maker for awhile. Salary wise, am I eligible?

2. The HDB site says I must have 30 months gap before I get purchase a EC, any possibility of appeal?
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3 Answers

Congratulations for the sale of your condominium in a cool market.

Are you referring to brand new EC launch direct from developer or resale ECs?

There is no restriction on resale ECs as long as your are SC or SPR, however, you are only eligible to look into brand new EC after a period of 30 months as you are aware of. You can try appealing definitely, however, it is still subjected to approval on a case to case basis, where your first question in terms of household income will also be considered.

Why not consider ECs that have just MOPed? They are also quite new and affordable.

Tenants can visit http://bit.ly/SGExpatRental (Official Rental Requirements - Singapore Expatriates) to indicate your rental requirements.

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Regards,

Geryl LIM
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Good morning,

Based on your enquiry, you are looking at getting new EC from HDB. If this is the case, you will have to wait for 30 months before you are eligible for the application. Along with the building time, the wait might take around 4 to 5 years. Therefore, if the income ceiling is your concern, your spouse might need to stay unemployed for quite awhile.
Alternatively, you can opt for resale EC.

Do feel free to contact me should you require additional assistance.

Regards
Mike Lim
 96929209 
m52i@yahoo.com
ERA Read More
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GAN ENG JOO ONASSIS
Dear Buyer,

Re: Today’s SG Professional Choice- SGAgent.com & SGRealtor.com

Under HDB policy, appeal for 30 months waiting period not likely to be entertained. Unless bankrupt, seeking for 2RM or rental flat.

I am contactable at 92222389  or onassis@sgagent.com / sgrealtor.com

In all Areas of Singapore. Sale/Buy/Lease/Rent, Please call and/or drop me an email me. I’m always at your Services.

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