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If my name is one of the co-owner with my parents when buying ec due to the reason so that in order to loan more from private bank. Will I be considered as second timer if I want to buy flat in future?
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3 Answers

Hi,

Yes if your name is included in this current EC application so as to get higher loan, you will be considered 2nd timer when you purchase HDB next time. Thanks and hope it clarifies. Is there anything I can assist further?

Warm regards
Ivan ERA
 97432395 
Ivanng10@gmail.com
Website: http://www.ivanng10.com/#!reviews/c11r1
(Client's Testimonials) Read More
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Afternoon Joy,

If the current unit that you are staying in is purchased directly from HDB, you would be considered as enjoyed a subsidized unit. If you opt to buy a BTO in the future, you will be required to remove your ownership from the EC by means of part sales to your parents or by selling it away in resale market. You will also be considered as second timer hence you will need to pay resale levy too.

FYI
Mike Lim
 96929209 
m52i@yahoo.com
ERA Read More
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Hi,

If you add to your name to this EC application, you will certainly be considered as a 2nd timer and will be liable for resale levy for the next purchase. Perhaps I could understand more on your situation to make better recommendation & explore solutions to counteract your loan issue.

My company handles all the ECs in Singapore and as such, I have a complete list of units with pricing details. I am highly experienced in EC sales, having concluded many EC transactions with the most recent one being a 3BR at Sol Acres over the weekend. My client's testimonial for my service: http://www.kumarrai.com/agent-page/88280/testimonials

Do get in touch for a non obligatory discussion for me to guide you exactly on the step by step procedural framework of EC purchase, and chart the payment timeline / breakdown , to facilitate your purchase. To add , there is no agent fees and I will walk you through the entire process. Thank you!

D Kumar
 +65 96659926 
ERA Associate Division Director
www.kumarrai.com ( Recent Awards and Testimonials)

#1 team of ERA in Singapore, Asia Pacific International for 2014.

ERA 2015 Q1 Top Achievers (Top1% of ERA)
ERA Top Achievers 2013/14
ERA Multi-Million Dollar Club Award
2014 ERA Asia-Pacific Business Conference Elite Award

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