ArtsAutosBooksBusinessEducationEntertainmentFamilyFashionFoodGamesGenderHealthHolidaysHomeHubPagesPersonal FinancePetsPoliticsReligionSportsTechnologyTravel

5-Point Checklist When Buying Executive Condo in Singapore

Updated on December 12, 2013
HDB-Executive Condominium, Singapore
HDB-Executive Condominium, Singapore | Source

Executive Condominium in Singapore

Executive condominium is public housing that is unique to Singapore. It is similar to private condominium with eligibility criteria to satisfy. Home buyers can enjoy some form of housing grant given by the government once the criteria are met.

Executive condominium is a form of public housing that is unique to Singapore. It is similar to private condominium but home buyers need to fulfill certain eligibility criteria. Once these criteria are met, home buyers can enjoy some form of housing grant given by the government.

The price of executive condominium is significantly lower than private condominium. This makes it very attractive to the middle class and those who want to upgrade from a HDB flat.However, not all Singapore residents are eligible to purchase an executive condo unit.

Executive Condominium in Singapore
Executive Condominium in Singapore | Source

5-Point Checklist for Buying Executive Condo

This simple 5-point checklist can help you to find out if you are eligible to enjoy the government grants and apply for an executive condo.

1. Main applicant has to be Singapore Citizen.

As the executive condominium program is part of the government's initiative of home ownership for its citizens, it is only logical that the main applicant has to be a Singapore citizen. The second applicant or essential occupier who is the spouse or fiancé/fiancée must also be a citizen or Singapore permanent resident.

2. Household income must not exceed $12,000.

There is no minimum income criterion in the purchase of an executive condo. You will be eligible for a purchase if you do not exceed the stipulated monthly household income ceiling at the time of purchase and able to finance the purchase.

3. No ownership of private property.

The applicant and occupier must not own any private property. Home buyers who currently own private property locally or overseas cannot apply. In order to comply with this criterion, they need to sell off their private property and wait for 30 months before they can apply for an executive condo unit.

4. Subsidized housing is granted only twice.

Each Singapore citizen can only apply for the subsidized housing twice, be it a HDB flat or executive condo. A first time home buyer is eligible for CPF Housing Grant. For the second time home buyer who are upgrading to an EC unit, they need not pay for resale levy when they sell their first subsidized housing.

If you purchased a HDB flat directly from the government, a resale HDB flat with CPF Housing Grant, or a newly launched executive condominium from a developer twice or more, you would not qualify for subsidized housing.

5. Minimum occupation period for existing HDB flat.

Depending on the stipulated regulation at the time of purchase, second time home buyers must satisfy the minimum occupation period, usually 5 years, on their first subsidized housing before they can buy an executive condo.

More Information on Executive Condo in Singapore

The above checklist covers the basic criteria to guide you in assessing your eligibility to buy an executive condominium. You can find more information at or consult a registered property agent to provide a comprehensive assessment of your eligibility.


This website uses cookies

As a user in the EEA, your approval is needed on a few things. To provide a better website experience, uses cookies (and other similar technologies) and may collect, process, and share personal data. Please choose which areas of our service you consent to our doing so.

For more information on managing or withdrawing consents and how we handle data, visit our Privacy Policy at:

Show Details
HubPages Device IDThis is used to identify particular browsers or devices when the access the service, and is used for security reasons.
LoginThis is necessary to sign in to the HubPages Service.
Google RecaptchaThis is used to prevent bots and spam. (Privacy Policy)
AkismetThis is used to detect comment spam. (Privacy Policy)
HubPages Google AnalyticsThis is used to provide data on traffic to our website, all personally identifyable data is anonymized. (Privacy Policy)
HubPages Traffic PixelThis is used to collect data on traffic to articles and other pages on our site. Unless you are signed in to a HubPages account, all personally identifiable information is anonymized.
Amazon Web ServicesThis is a cloud services platform that we used to host our service. (Privacy Policy)
CloudflareThis is a cloud CDN service that we use to efficiently deliver files required for our service to operate such as javascript, cascading style sheets, images, and videos. (Privacy Policy)
Google Hosted LibrariesJavascript software libraries such as jQuery are loaded at endpoints on the or domains, for performance and efficiency reasons. (Privacy Policy)
Google Custom SearchThis is feature allows you to search the site. (Privacy Policy)
Google MapsSome articles have Google Maps embedded in them. (Privacy Policy)
Google ChartsThis is used to display charts and graphs on articles and the author center. (Privacy Policy)
Google AdSense Host APIThis service allows you to sign up for or associate a Google AdSense account with HubPages, so that you can earn money from ads on your articles. No data is shared unless you engage with this feature. (Privacy Policy)
Google YouTubeSome articles have YouTube videos embedded in them. (Privacy Policy)
VimeoSome articles have Vimeo videos embedded in them. (Privacy Policy)
PaypalThis is used for a registered author who enrolls in the HubPages Earnings program and requests to be paid via PayPal. No data is shared with Paypal unless you engage with this feature. (Privacy Policy)
Facebook LoginYou can use this to streamline signing up for, or signing in to your Hubpages account. No data is shared with Facebook unless you engage with this feature. (Privacy Policy)
MavenThis supports the Maven widget and search functionality. (Privacy Policy)
Google AdSenseThis is an ad network. (Privacy Policy)
Google DoubleClickGoogle provides ad serving technology and runs an ad network. (Privacy Policy)
Index ExchangeThis is an ad network. (Privacy Policy)
SovrnThis is an ad network. (Privacy Policy)
Facebook AdsThis is an ad network. (Privacy Policy)
Amazon Unified Ad MarketplaceThis is an ad network. (Privacy Policy)
AppNexusThis is an ad network. (Privacy Policy)
OpenxThis is an ad network. (Privacy Policy)
Rubicon ProjectThis is an ad network. (Privacy Policy)
TripleLiftThis is an ad network. (Privacy Policy)
Say MediaWe partner with Say Media to deliver ad campaigns on our sites. (Privacy Policy)
Remarketing PixelsWe may use remarketing pixels from advertising networks such as Google AdWords, Bing Ads, and Facebook in order to advertise the HubPages Service to people that have visited our sites.
Conversion Tracking PixelsWe may use conversion tracking pixels from advertising networks such as Google AdWords, Bing Ads, and Facebook in order to identify when an advertisement has successfully resulted in the desired action, such as signing up for the HubPages Service or publishing an article on the HubPages Service.
Author Google AnalyticsThis is used to provide traffic data and reports to the authors of articles on the HubPages Service. (Privacy Policy)
ComscoreComScore is a media measurement and analytics company providing marketing data and analytics to enterprises, media and advertising agencies, and publishers. Non-consent will result in ComScore only processing obfuscated personal data. (Privacy Policy)
Amazon Tracking PixelSome articles display amazon products as part of the Amazon Affiliate program, this pixel provides traffic statistics for those products (Privacy Policy)
ClickscoThis is a data management platform studying reader behavior (Privacy Policy)