EC Eligibility to Buy New Launch EC

• You must be a Singapore Citizen.
• At least one other applicant must be a Singapore Citizen or Singapore Permanent Resident (SC/SC or SC/SPR).

• You and your spouse and children (if any). An occupier who is married must also include his or her spouse.
• You (single) and both your parents and siblings (if any).
• You (widowed or divorced) and children under your legal custody, care and control.

Fiancé/Fiancée Scheme

• You form a family nucleus with your spouse-to-be.
• You and your fiancé or fiancée must be unmarried, widowed or divorced (with Certificate of Making Interim Judgement Final granted) at the time of the application.
• You must produce your marriage certificate for inspection by the Developer, within three months after taking possession of the EC unit.
• If you and your fiancé/fiancée have gotten a CPF Housing Grant, you must produce your marriage certificate to the Developer. You can take possession of the EC unit only after the inspection.
• If you and your fiancé/fiancée have broken off the relationship, and will not be able to submit your marriage certificate. Or, if you later annul the marriage. You will not be eligible to buy the EC unit.
• Upon termination of the Sale and Purchase Agreement, the Developer will be entitled to impose a forfeiture amount equivalent to 5% of the EC unit’s purchase price following the Sale and Purchase Agreement.
• If you have gotten a CPF Housing Grant, you will have to return the CPF Housing Grant together with interest accrued.

Orphans Scheme

• You must be a Singapore Citizen and a single (unmarried, divorced, or widowed). Your single sibling(s) listed as the buyer(s) or proposed occupier(s) must comprise at least one Singapore Citizen or Singapore Permanent Resident.
• You and your co-buyer(s) must be at least 21 years of age at the time of the application.
• You have to list all of the single siblings in the same application.
• At least one of your late parents must have been a Singapore Citizen or a Singapore Permanent Resident.
• You and an unrelated orphan who are both Singapore Citizens aged at least 21 at the time of the application can also apply jointly to buy an EC unit under the Orphans Scheme.

Joint Singles Scheme

• You and an unrelated person, both must be single (unmarried, divorced, or widowed).
• All singles must be Singapore Citizens if applying under the Joint Singles Scheme.
• At least 35 years old at the time of the application.
• Both of you are not eligible for the Singles Grant to buy an EC unit.

• You must be at least 21 years old at the time of application.
• You must be at least 35 years old if applying under the Joint Singles Scheme.

• Your average gross monthly household income must not exceed S$16,000.
• The Mortgage Servicing Ratio (MSR) caps your total monthly loan repayments at 30% of your monthly income.
• Property is an illiquid asset. If times are bad, it can take months to sell the EC. Also, EC owners need to fulfil the 5-year MOP. Therefore, a safety net is important. Proper financial planning can ensure that you have the means to service the mortgage loan for at least six months, even if you have no income.

• You must not own or dispose of or have an interest in any private properties within the last 30 months.

• You have not bought a new HDB, resale flat with CPF Housing Grant, DBSS flat or EC twice.