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Today is Oct 22, 2017
Angie Ng
Visionaire Northwave Inz Signature Brownstone Westwood
ERA REALTY NETWORK PTE LTD
CEA Licence No.:
L3002382K / R044535I

Call (+65) 9277 7759
Can you buy EC ???

FOR ELIGIBILITY PURCHASE OF EC
New Launch Executive Condo

Applicants must submit their application for purchase of an Executive Condominium Unit in the prescribed application forms together with photocopies of the following documents (where applicable) in respect of all persons listed in the application form for verification of their eligibility.

1. Proof of Identity / Citizenship

(a) For Singapore Citizen: Identity Card

(b) For Singapore Permanent Resident: Singapore Blue Identity Card

(c) For Non-citizen: Passport

2. Proof of Relationship and Marital Status

(a) Birth Certificates (to prove relationship between parents / children, siblings etc.); and /or

(b) Marriage Certificate; and / or

(c) Divorce documents (for persons who are divorced); and / or

(d) Deed of Separation (for persons who are legally separated); and / or

(e) Death Certificate (if applicable).

3. Proof of Income

(a) Employed Person

(i) Original payslip (as at date of application); or

(ii) Income letter from employer as at date of application (which must bear either the company’s letterhead or stamp and the name and designation of the signatory) stating the current gross monthly income of the employed person.

(b) Self-Employed person

(i) Latest income tax assessment; or

(ii) Statement of Annual Accounts certified by an Audit Firm to confirm income for the past 12 months; and

(iii) Valid Accounting & Corporate Regulatory Authority (ACRA) Computer Information (Business Profile) / Valid license of business /trade; and

(iv) Statutory Declaration* to declare the average monthly income for the past 12 months.

(c) Commission-based person

(i) 12 months commission statements / payslips as at date of application; or 2

(ii) Letter from employer stating past 12 months’ commissions as at date of application (which must bear either the company’s Letterhead or stamp and the name and designation of the signatory).

(d) Part-time worker

(i) Monthly-rated part-time employee with fixed monthly salary is required to submit a letter from employer stating his / her permanent staff status and salary received as at date of application (which must bear either the company’s letterhead or stamp and the name and designation of the signatory).

(ii) Hourly-rated part-time employee with variable salary is required to submit the latest 12 months payslips or Letter from employer stating past 12 months’ salary as at date of application (which must bear either the company’s letterhead or stamp and the name and designation of the signatory).

(e) Odd-Job worker

Latest income tax assessment or letter from employer certifying salaries for the last 12 months.

(f) Unemployed person

(i) Statutory Declaration* to declare the period of unemployment with no income;or

(ii) Copy of Student Pass or Letter from School / College / Institute of Learning for persons who are 18 years old and above: to confirm student status.

* Statutory Declaration may be executed at the Sales Office at HDB Hub or at any HDB Branch Office.

4. Forms and Undertakings

a)The applicant, his spouse or essential occupier listed in the Executive Condominium application shall be required to sign all such forms, letters of consent, letters of undertaking, letters of confirmation, and such other documents (“the documents”) as may be required by the Developer / HDB in order to determine their eligibility to purchase an Executive Condominium Unit.

b)The documents shall form an integral part of the Terms and Conditions for purchase of an Executive Condominium Unit and any reference to a term or condition in the documents shall be a Term and Condition for Purchase of an Executive Condominium Unit.

c)Failure or refusal to sign any of the documents may render a person ineligible to purchase an Executive Condominium Unit and the consequences set out in the Option to Purchase and Sale and Purchase Agreement (if this has been signed) will apply. Further, HDB may take such action as it is empowered to take under the Executive Condominium Housing Scheme Act (Cap 99A) and its Rules and Regulations.

d)HDB’s prevailing policies, rules and regulations which may be in force from time to time shall apply at all times. All decisions reached in this regard shall be at HDB’s sole discretion and shall be final and conclusive.

5. Other Documents

a)Applicants must also produce such other documents as requested by the Developer / HDB for the purpose of ascertaining their eligibility to buy an Executive Condominium Unit.

b)All documents submitted to the Developer for the purpose of assessing the eligibility of the applicants will be retained by the Developer for record purposes and will be treated by the Developer as strictly confidential. The documents will not be returned to any of the persons listed in the application.

c)In the event of any change in the applicant’s family nucleus, as a result, for example, of events such as marriage, death, divorce or separation of any person listed in the application, the applicant must produce the relevant documents (e.g. marriage certificate, death certificate, divorce documents, Deed of Separation etc) to the Developer or HDB. This is to enable the Developer and / or HDB to reassess and reconfirm the applicant’s eligibility to continue with the purchase of an Executive Condominium Unit.

6. Premium or Resale Levy Payable - Where applicable 

You and the other essential occupiers and their spouses who are buying an Ec unit, will have to pay premium or resale levy , if you 

(i) own an existing flat bought from HDB ; or

(ii) have sold a flat bought from HDB ; or 

(iii) have received the CPF Housing Grant to buy an EC unit, DBSS flat or an HDB resale flat; or

(iv) have transferred at market value a flat bought from HDB or an HDB Resale flat bought under the CPF Housing Grant Scheme ; or

(v) have ever taken other forms of housing subsidy such as enjoyed rehousing benefits under the Selective En bloc Redevelopment Scheme.

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