Asked by Anonymous
What are the procedures to buy an EC (New or Old)?
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2 Answers
Hi,
For new under construction ECs not launched, it is required you have to do an eApplication through an estate agency. This is for HDB to ascertain your initial eligiblity. From there, a queue number will be issued, as usually there is a ballot process for new launches to determine who gets to book units first.
For new under construction ECs that are already launched, a similar procedure applies but usually you don't have to ballot and can book any of the available units.
For old ECs that are at least 5 years, it is the typical sale & purchase agreement process. Completion takes about 3 to 6 months.
May I know which new EC caught your interest? Will be glad to share with you the latest starbuys and pros n cons of each project. Thanks and hope to hear from you soon!
Warm regards,
Ivan ERA
97432395
Ivanng10@gmail.com Read More
For new under construction ECs not launched, it is required you have to do an eApplication through an estate agency. This is for HDB to ascertain your initial eligiblity. From there, a queue number will be issued, as usually there is a ballot process for new launches to determine who gets to book units first.
For new under construction ECs that are already launched, a similar procedure applies but usually you don't have to ballot and can book any of the available units.
For old ECs that are at least 5 years, it is the typical sale & purchase agreement process. Completion takes about 3 to 6 months.
May I know which new EC caught your interest? Will be glad to share with you the latest starbuys and pros n cons of each project. Thanks and hope to hear from you soon!
Warm regards,
Ivan ERA
97432395
Ivanng10@gmail.com Read More
Good evening,
For resale ECs, it will be the same as purchasing a private property. 1% option money followed by 4% exercise fee within option period then settle your 15% CPF downpayment, stamp duties while waiting for completion date. I can send you a flowchart of the procedure.
As for new EC, you have to apply and will be given a queue number to choose your desired unit on the booking date. Booking fee will be 5% cash/ cheque followed by 15% CPF downpayment within the next 8 to 9 weeks and wait for it to TOP.
If you need any assistance in your property purchase, feel free to contact me. Cheers!
Warmest Regards,
YT TAN 陈永达 | ACCA Graduate, RES
Senior District Manager
R043025D
ECG Property Pte Ltd
(M): +65 9111 5171
(E): yt.lovelyhomes@gmail.com
(W): www.yttan.com Read More
For resale ECs, it will be the same as purchasing a private property. 1% option money followed by 4% exercise fee within option period then settle your 15% CPF downpayment, stamp duties while waiting for completion date. I can send you a flowchart of the procedure.
As for new EC, you have to apply and will be given a queue number to choose your desired unit on the booking date. Booking fee will be 5% cash/ cheque followed by 15% CPF downpayment within the next 8 to 9 weeks and wait for it to TOP.
If you need any assistance in your property purchase, feel free to contact me. Cheers!
Warmest Regards,
YT TAN 陈永达 | ACCA Graduate, RES
Senior District Manager
R043025D
ECG Property Pte Ltd
(M): +65 9111 5171
(E): yt.lovelyhomes@gmail.com
(W): www.yttan.com Read More