Asked by Kathy
I'm interested in buying EC but am not familiar with rules. Please explain the different scenarios: I'm not eligible to get brand new EC because I've a HDB flat and private properties. I don't intend to sell my existing HDB and private properties. My husband is a foreigner and we don't live in SG now. (a) If we're allowed to buy resale EC, can we rent it out immed. or we've to get HDB approval for renting out the EC?
(b) What type of EC (like how many years after TOP of EC) are we eligible for purchase? (c) Is there restriction on income ceiling cap of $12000? With annual bonus, we've greater than $12000. Are we not allowed to buy EC if it is > $12000? (d) Does it have any geographic restriction on purchase of EC? I'm interested in south (like Clementi, near central)? How long does the purchasing process take to complete? I need the info to plan my trip to SG. Do I need to talk to HDB on further details on EC? I appreciate your reply. Thanks. Kathy
(b) What type of EC (like how many years after TOP of EC) are we eligible for purchase? (c) Is there restriction on income ceiling cap of $12000? With annual bonus, we've greater than $12000. Are we not allowed to buy EC if it is > $12000? (d) Does it have any geographic restriction on purchase of EC? I'm interested in south (like Clementi, near central)? How long does the purchasing process take to complete? I need the info to plan my trip to SG. Do I need to talk to HDB on further details on EC? I appreciate your reply. Thanks. Kathy
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