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EC Buyer's Guide

TIMELINE FOR NEW EXECUTIVE CONDO (EC)
​(BUC)

BUYER STAMPDUTY
​(BSD)

BANK LOAN TO VALUE
​(LTV)

MORTAGE SERVICING RATIO (MSR)

EXECUTIVE CONDO (EC) ELIGIBILITY

RESALE LEVY

HOUSING GRANT

REGISTER

Register for more information and Showflat Appointment Viewing


Executive Condo (EC) Buyer's Guide

This Guide is for buyer to understand more on:
  •  Who is Eligibility to purchase an Executive Condo (EC)
  • What are the types of Housing Grants and the amount.
  • What is the resale levy amount and who is subject to it.
  • What is the timeline for Executive Condo (EC)

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Eligibility

Who is eligible to purchase Executive Condominium (EC).

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Resale Levy

Resale Levy for second time buyer

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Housing Grant

Up to 30k Grant for First Timer


 

Timeline for Executive Condo

First 20% Downpayment

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 For purchasing of BUC new Executive Condo (EC) project, if buyer is able to secure a bank loan of 75%, the downpayment of the EC is as such.
  • 5% must be by Cash
  • 20% can be payable by Cash or CPF
  • Buyer stamp duty (BSD) can be payable by Cash or CPF
  • No ABSD payable
  • Current bank loan maximum covers up to 75% of purchase price.
  • When Completion of Foundation Work, the amount payable is 10%, 
    • 5% is payable by (Cash or CPF), 
    • Another 5% is payable by bank loan (if loan qualify up to 75%)

Progressive Payment for remaining 75%

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Buyer Stamp Duty

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For a property of price or market value above $360,000, the buyer stamp duty can be calculated using the formula below:​

BSD = (3 % x Purchase Price) - $5, 400



For a property of price or market value $1,000,001 and above, the buyer stamp duty can be calculated using the formula below:
​
​
BSD = (4 % x Purchase Price) - $15, 400

​Schedule of Payments

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Loan To Value

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Even if you are still servicing your current HDB loan (HDB / Bank), Buyer will still be consider as 1st home loan.

 

Mortgage Servicing Ratio (MSR)

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TIMELINE FOR NEW EXECUTIVE CONDO (EC)
​(BUC)

BUYER STAMPDUTY
​(BSD)

BANK LOAN TO VALUE
​(LTV)

MORTAGE SERVICING RATIO (MSR)

EXECUTIVE CONDO (EC) ELIGIBILITY

RESALE LEVY

HOUSING GRANT

REGISTER

Register for more information and Showflat Appointment Viewing


Register for more information and Showflat Appointment Viewing


Working Hours

Mondy - Sunday

Handphone

+65 97888300

Email

davetanproperty.era@gmail.com / tan_junhong@hotmail.com
  • Home
  • Condo
    • Regions & Districts >
      • Core Central Region (CCR)
      • Rest of Central Region (RCR)
      • East Region (OCR)
      • North-East Region (OCR)
      • North Region (OCR)
      • West Region (OCR)
  • Executive Condo
  • Condo Buyer's Guide
  • EC Buyer's Guide
  • Register