![Conditions After Buying for Executive Condominiums (ECs)](https://theluminagrandec.sg/wp-content/uploads/2023/11/image-3.png)
Taking a Housing Subsidy:
- You and your spouse, when purchasing an EC unit from a property developer, have taken a housing subsidy.
Citizen Top-Up:
- If you are from a Singapore Citizen (SC)/ Singapore Permanent Resident (SPR) household, you may apply for a Citizen Top-Up Grant of $10,000 when your SPR family member obtains Singapore citizenship or when you have an SC child.
Disposal of Existing HDB Flat:
- You and family members listed in the EC unit application must dispose of any existing flat within 6 months of taking possession of the EC unit.
Minimum Occupation Period (MOP):
- EC units can only be sold on the open market after the 5-year MOP, computed from the date of the Temporary Occupation Permit, has been met.
Essential Occupiers in EC Unit:
- Essential occupiers forming a family nucleus must continue to be listed in the application and live in the EC unit during the 5-year MOP. They cannot apply or be listed as occupiers in another application to buy an HDB flat or another EC unit within the 5 years from taking possession of the EC unit.
Renting Out Your EC Unit:
- Renting out the whole EC unit within the 5-year MOP is not allowed.
- Renting out rooms within the MOP does not require prior approval but must be registered with HDB within 7 days. Notify HDB of renewals, terminations, and tenant changes.
Interest in Private Property:
- Investment in private residential property is allowed after the 5-year MOP.
Buying Your Next Home:
- Wait-out periods apply after disposing of the EC unit on the open market before applying to buy an HDB flat.
- No wait-out period if buying a private residential property. Wait-out Periods:
- Subsidized housing unit (HDB flat, EC unit): 30 months.
- Resale flat without CPF Housing Grant: 15 months (excluding senior citizens buying a 4-room or smaller resale flat).
Resale Levy:
- Pay a resale levy of $55,000 when selling an EC unit (bought with CPF Housing Grant or from a project launched from 2015 onwards) after meeting the MOP. After a 30-month waiting period, buy a second subsidised flat from HDB or take over ownership of another subsidised HDB flat.
- If not buying a second subsidised flat or EC unit, and opting for a resale flat or private residential property, no resale levy is required.