Conditions After Buying EC
After you buy an EC, there are certain conditions that apply before you can sell, rent out, or buy another subsidised property.
Selling of current HDB/ DBSS flat in the open market
You and your family members listed in the EC application must dispose of your existing flat within 6 months of taking possession of the EC unit.
Taking a housing subsidy
You and your spouse will be considered to have taken a housing subsidy when you buy an EC from developers.
If you are from an SC/ SPR household, you can apply for the Citizen Top-Up when your SPR family member takes up Singapore Citizenship or when you have an SC child. Read more on the Citizen Top-Up.
Minimum Occupation Period (MOP)
Sale of EC
ECs can only be sold in the open market after the 5-year MOP (from TOP date) has been met.
Essential occupiers in EC
Occupiers who are essential in forming a family nucleus with you in the EC application must continue to be listed in the application, and stay in the EC during the 5-year MOP. They cannot make a separate application, or be listed as occupiers in another application to buy an HDB flat or another EC within the MOP.
Renting out your EC
Renting out the whole EC unit
Renting out the whole EC unit within the 5-year MOP is not allowed.
Renting out rooms
You do not need prior approval from HDB to rent out the bedrooms in your EC within the MOP. However, you must register the renting out of bedrooms with HDB within 7 days of doing so. You are also required to notify HDB when you renew or terminate the renting out of bedrooms, and when there are changes to your tenants’ particulars. You can go to the HDB Branch managing your EC to register the renting out of rooms.
Buying another subsidised home
After selling your EC in the open market, you must wait 30 months before you can submit an application to buy any of these:
- A new flat from HDB
- An apartment under the Design, Build and Sell Scheme (DBSS) from developers
- Another EC from developers
The resale levy is meant to reduce the housing subsidy on the buyers' second subsidised flat or EC. It ensures a fairer allocation of housing subsidies among home buyers.
You are liable to pay a resale levy of $55,000:
- When you sell an EC bought with the CPF Housing Grant after meeting the MOP, and, after meeting a 30-month waiting period, buy a second subsidised flat from HDB or take over ownership of another subsidised HDB flat
- Buy an Executive Condominium (EC) from a developer where the land sale was launched on or after 9 December 2013
If you do not intend to buy a second subsidised flat from HDB, and choose to buy a resale flat, a new DBSS flat, an EC from a developer where land sale was launched before 9 Dec 2013 or a private residential property, you need not pay the resale levy.
Interest in private property
You can invest in private residential property after the 5-year MOP.