Executive Condominiums

To buy a new EC from the developer, your household's average gross monthly income must not be more than:

• $18,000 for ECs on land tendered on or after 24 August 2026.
• $16,000 for all other new EC units, including unsold units in projects that have already launched.

The ceiling was $16,000 from September 2019. The government raised it to $18,000 in August 2026, after the National Day Rally.

There is no income ceiling for a resale EC, that is, a unit bought from an owner after the MOP.

Who can buy a new EC

• You must be a Singapore Citizen aged 21 or older, and apply with at least one other Singapore Citizen or Permanent Resident: your fiancé or fiancée, your spouse (and children), your parents (and siblings), your children if you are widowed or divorced, your orphaned siblings, or 1 to 3 other singles under the Joint Singles Scheme.
• Your household income must be within the income ceiling.
• No one in the household may own private residential property, or have sold one in the 30 months before applying.
• For EC land sales launched from 9 May 2023, the household may own at most one non-residential property, now and in the 30 months before applying.
• If you own an HDB flat, you must sell it within 6 months. HDB's pages set out when the 6 months start.
• If you have already received two housing subsidies, you cannot buy a new EC.
• First-timers get priority. For ECs on land tendered on or after 8 May 2026, 90% of units are kept for first-timer families for the first two years. Before, it was 70% for the first month.
• Second-timers who buy a new EC pay a resale levy. The amount depends on the subsidised home they had before: for families, from $15,000 (2-room flat) to $55,000 (EC); singles who received a singles grant pay half. Other rules apply if the previous flat was sold before 3 March 2006. See HDB's resale levy table.
• If at least one buyer is a Singapore Citizen, the Additional Buyer's Stamp Duty (ABSD) on a new EC is remitted in full. It is granted automatically when HDB approves the purchase.
• A bank loan for an EC still in its MOP is capped at a Mortgage Servicing Ratio (MSR) of 30% of income. The Total Debt Servicing Ratio (TDSR) of 55% also applies.

After you buy

• During the MOP, you cannot sell the unit, rent out the whole unit, or buy private property. You can rent out bedrooms if you register them with HDB within 7 days.
• After the MOP, you can sell to Singapore Citizens and Permanent Residents. From year 11 (year 16 for land tendered on or after 8 May 2026), you can sell to anyone.

Buying a resale EC

A resale EC is private property. There is no income ceiling, no CPF Housing Grant and no resale levy, and singles aged 21 or older can buy. The automatic ABSD remission for new ECs does not apply, but other ABSD remissions can, for example the one for married couples. Until the EC is fully privatised, the buyer must be a Singapore Citizen or Permanent Resident.

CPF Housing Grant

First-timer families who buy a new EC from the developer can get a CPF Housing Grant of up to $30,000. The amount depends on the household's average gross monthly income:

• Up to $10,000: $30,000 for a Citizen couple (SC/SC), $20,000 for a Citizen and Permanent Resident (SC/SPR), $15,000 for a first-timer married to a second-timer.
• $10,001 to $11,000: $20,000 (SC/SC), $10,000 (SC/SPR), $10,000 (first-timer and second-timer).
• $11,001 to $12,000: $10,000 (SC/SC), none (SC/SPR), $5,000 (first-timer and second-timer).
• $12,001 to $18,000: no grant.

A $10,000 Citizen Top-Up is available to some SC/SPR households. HDB lists the conditions.

The grant is paid into your CPF Ordinary Account. The Enhanced CPF Housing Grant (EHG) is for HDB flats: HDB's EC grant page does not list it. There is no CPF Housing Grant for a resale EC.

New EC: yes, under the Joint Singles Scheme. 2 to 4 single Singapore Citizens, each aged 35 or older, can apply together. The income ceiling applies to the group: $16,000, or $18,000 for ECs on land tendered on or after 24 August 2026. A single cannot buy a new EC alone. Details are on HDB's EC eligibility page.

Resale EC: yes. A single aged 21 or older can buy an EC from an owner after the MOP. Until the EC is fully privatised, the buyer must be a Singapore Citizen or Permanent Resident. There is no CPF Housing Grant for a resale EC.

• At booking, you pay a 5% option fee. You pay the rest of the 20% down payment (15%) by the deadline in the Option to Purchase.
• Deferred Payment Scheme (DPS), where you pay 20% first and 80% at TOP: developers can no longer offer it for ECs on land tendered on or after 8 May 2026. These projects use the Normal Payment Scheme. The Ministry of National Development said that DPS buyers had paid about 2% to 3% more. For projects on older land, ask the developer whether DPS is offered.
• Bank loans: the loan-to-value limit is 75% for a first housing loan (55% for long loans or older borrowers). It is 45% or 25% for a second loan, and 35% or 15% for a third, with at least 25% paid in cash for second and later loans. See MAS's loan-to-value limits.

• 8 May 2026, for ECs on land tendered on or after that date: the MOP is 10 years instead of 5. Units can be sold only to Singapore Citizens and Permanent Residents until year 15 (was year 10). Developers can no longer offer the Deferred Payment Scheme. 90% of units are kept for first-timer families for two years (was 70% for one month).
• 24 August 2026, for ECs on land tendered on or after that date: the income ceiling is $18,000 (was $16,000).
• ECs on land tendered before these dates keep the earlier rules.

Checked on 20 October 2026. Rules change, so confirm with HDB before you apply.

• HDB: EC eligibility, CPF Housing Grant for ECs, conditions after buying an EC, process for buying an EC, 2026 income ceiling increase
• MND: Strengthening the Executive Condominium Housing Scheme (8 May 2026)
• MAS: loan tenure and loan-to-value limits
• IRAS: ABSD remission for HDB flats and new ECs