New Launch EC Eligibility Conditions
New Launch EC Eligibility Conditions can be quite complicated. Why is that so?
More and more people are checking out on New Launch EC, as they offer very competitive and attractive pricing (at about 20-30% lower compared to the nearby New Launch Private Condo), which could generate potential higher capital appreciation and a higher return on investment. To make sure a fair housing system established, ultra-careful New Launch EC eligibility conditions is inevitable.
If you are considering of investing EC developments in Singapore, you are advised to check whether you meet the various EC Eligibility Conditions even before you start looking around.
For your easy reference and eligibility check, we have listed down some of the basic New Launch EC eligibility conditions. There are many different scenarios and case-by-case situations. You might want to give us a call at +65 9004 6396 for the quickest reply.
|Citizenship||Who Can Buy New Launch EC in Singapore?
|Family Nucleus||Public Scheme
Joint Singles Scheme
|Monthly Household Income||EC Income Ceiling Cap / Income Requirements
|HDB, DBSS, EC||
Frequently Asked Questions (FAQ)
Your average gross monthly household income must not exceed S$16,000.
For your New EC application, you and the other applicants and essential occupiers will need to get ready the following documents for verification:
- 3 months’ payslips preceding the month of application, if employed full-time (not on commission-basis)
- 6 months’ of income documents preceding the month of application, for other types of employment
- Proof of unemployment, if not working
- HDB may request other documents for verification if needed.