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We plan to buy a resale EC - either 5+ or 10+ years old. Are there any restrictions like need to occupy for a minimum period after buying, cannot rent out or sell etc.? Please advise.. especially for 5+ old EC. Are all such restrictions removed after 10+ years?
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1 Answer

J.A. Goh 吴永益
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Hi Ms. S.K.,

EC after 5 yrs is considered as privatised, like a private condo.

Unlike HDB, there is no minimum MOP, you can rent it out immeidately after you taken the keys. But if you want to sell it, the Seller Stamps Duty will apply, which is 16% (1st yr), 12% (2nd yr), 8% (3rd yr) and 4% (4th yr). Only on the 5th yr if you sell, no stamp duty involves.

Let me know which EC you are keen in, I would be glad to help you to find your dream home.

Please feel free to drop me an email or call me directly for a non-obligation discussion, if you still have further questions.

Thank you & Best Regards
J.A.Goh
HP: 9639 0350 
ERA Senior Marketing Director
CEA Reg No. R025894Z
CEA License No. L3002382K
www.gohjaERA.myweb.sg
Email: gohja@singnet.com.sg Read More
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