Taking a housing subsidy | You and your spouse have taken a housing subsidy when you buy an EC unit from a property developer. Citizen Top-Up If you are from a Singapore Citizen (SC)/ Singapore Permanent Resident (SPR) household, you may apply for a Citizen Top-Up Grant of $10,000 when your SPR family member obtains Singapore citizenship or when you have an SC child. Read more on the Citizen Top-Up. |
Disposal of existing HDB flat | You and your family members listed in the application for the EC unit must dispose of any existing flat within 6 months of taking possession of the EC unit. |
Minimum occupation period (MOP) | Sale of EC unit EC units can only be sold on the open market after the 5-year MOP, computed from the date of the Temporary Occupation Permit, has been met. Essential occupiers in EC unit Occupiers who are essential in forming a family nucleus with you in the purchase of the EC unit must continue to be listed in the application, and live in the EC unit during the 5-year MOP. They cannot apply or be listed as occupiers in another application to buy an HDB flat or another EC unit within the 5 years from your taking possession of the EC unit. |
Renting out your EC unit | 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 unit 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. |
Interest in private property | You may invest in private residential property after the 5-year MOP. |
Buying your next home | You must meet the requisite wait-out period after disposing of your EC unit on the open market before you may apply to buy an HDB flat. There is no wait-out period if you are buying a private residential property. ^ Does not apply to senior citizens (and their spouses) aged 55 and above who are buying a 4-room or smaller resale flat. Read the eligibility conditions for buying an HDB flat. |
Resale levy | The resale levy is meant to reduce the housing subsidy on the buyers’ second subsidised flat or EC unit from a property developer. 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 unit (bought with the CPF Housing Grant; or bought from a project launched from 2015 onwards) 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 EC unit from a property developer
If you do not intend to buy a second subsidised flat from HDB or EC unit from a property developer, and choose to buy a resale flat, or a private residential property, you need not pay the resale levy. |
