![Application for Executive Condominium (EC) Units](https://theluminagrandec.sg/wp-content/uploads/2023/11/image-2.png)
Sales Launches:
- EC units are launched by property developers, and you can directly contact them for purchase inquiries.
- Explore the list of available EC projects, their Temporary Occupation Permit (TOP) dates, and stay informed about upcoming project launches.
Eligibility Check:
- Before proceeding, check the eligibility conditions for buying an EC unit.
- Engage a solicitor to handle conveyancing matters.
- Arrange housing loan details with a financial institution if needed.
- Consult with CPF Board regarding the use of CPF Ordinary Account savings for the EC unit.
Sale of EC Units on the Open Market:
- EC owners can sell their units on the open market after fulfilling the minimum occupation period (MOP) from the TOP date.
- If considering the purchase of a resale EC unit on the open market, ensure compliance with the following conditions:
Eligibility Conditions:
- Family nucleus can be single or a family.
- Citizenship requirements:
- To buy an EC with TOP within the last 10 years, you must be a Singapore Citizen or Singapore Permanent Resident (SPR).
- For ECs with TOP more than 10 years ago, there is no citizenship requirement; foreigners and corporate bodies can purchase.
- Age:
- Individuals must be at least 21 years old.
- No age requirement for corporate bodies.
- Monthly household income ceiling: There is no monthly household income ceiling.
- Property ownership:
- Resale EC units are considered private residential property.
- If you own an existing HDB flat, ensure you have met the MOP before buying a resale EC unit. Living in the HDB flat is mandatory unless prior approval is obtained to rent it out.
- SPR households must dispose of their HDB flats within 6 months of buying a resale EC unit.
- No requirement to dispose of existing private properties after buying a resale EC unit.
Note: Purchase of resale EC units is not eligible for CPF housing grants, and second-timers are not required to pay a resale levy for EC units that have met the MOP on the open market.