Executive Condo (EC) resale eligibility in Singapore is governed by specific criteria set by the Housing & Development Board (HDB). To be eligible for an EC resale, singles, and families with existing HDB flats must fulfill certain conditions. They must either be first-timer applicants or have dissolved their previous flat(s) in the EC scheme. Additionally, applicants' combined monthly income should not exceed SGD14,000. Singaporean citizens aged 35 and above are eligible to apply on their own, while families with at least two breadwinners can do so with no age restriction, provided they meet the income criteria. The eligibility period is two years from the date of dissolution of any previously owned flat. This resale flat scheme is designed for upgrading and provides a middle-ground housing option between HDB flats and private condominiums, catering to the needs of a diverse range of applicants looking to transition into larger living spaces as their families grow.
Explore the blend of urban sophistication and nature’s serenity in our comprehensive guide on Executive Condos (ECs) near verdant greenery. Uncover the nuances of EC resale eligibility and find your ideal living space amidst Singapore’s lush landscapes. This article offers insights into how these residences cater to diverse lifestyles while maintaining a close connection with nature, ensuring a harmonious balance for residents seeking both community and greenery.
