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​EXECUTIVE CONDOMINIUM'S FREQUENTLY ASKED QUESTIONS & ANSWERS*

(* These Frequently Asked Questions are meant to highlight some common questions and answers for general information only.)

 

Q6. What documents must I give to the developer at the time when I book an Executive Condominium (EC) Unit?

A6:  You have to produce documents to the developer for verification of your eligibility when you book an EC Unit.  These documents include proof of:

a) identity/citizenship, e.g. NRIC;

b) relationship and marital status, e.g. birth certificate and marriage certificate;

c) income, e.g. 3 months payslips (that is, payslip issued for the month of  application for EC unit and immediately preceding 2 months) or an official letter from their employers stating their 3 months (that is, gross monthly income for the  month of application for EC unit and immediately preceding 2 months) gross income, Income Tax Return/Assessment; and

d) other documents as required by the developer/HDB.

For further details on documents required, please refer to the Executive Condominium Application Procedures and Terms and Conditions.

Q7. I have submitted an application to buy an HDB flat but have not booked a flat.  How do I apply to buy an Executive Condominium (EC) Unit?

A7: Existing HDB applicants who have not booked an HDB flat can book an EC Unit directly with the developer.  HDB will cancel your application after you have selected an EC Unit.

Q8. I have booked an HDB flat and have signed the Agreement.  Can I buy an Executive Condominium (EC) Unit?

A8:  If you have already booked an HDB flat and signed the Agreement but are interested in applying for an EC Unit, you have to cancel your booking or terminate the Agreement with HDB before you can book an EC Unit.  Upon the cancellation, a financial forfeiture will be imposed by HDB.

Q9. I have been granted an Option to Purchase/signed the Sale and Purchase Agreement for an Executive Condominium (EC) Unit or DBSS flat in the other projects.  Can I buy an EC Unit in this EC project now?

A9:  If you have been granted an Option to Purchase for another EC Unit or DBSS flat and have decided not to exercise it, you will have to inform the developer of your decision not to exercise that Option to Purchase before you are allowed to buy an EC Unit in this EC project.  A forfeiture will be imposed by the developer.

If you have already exercised the Option/signed the Sale and Purchase Agreement for another EC Unit or DBSS flat, the Sale and Purchase Agreement must be rescinded/terminated before you can apply to buy another EC Unit. The developer must agree to the rescission/termination and if they allow it, a forfeiture may be imposed by them.

Q10. What is the forfeiture if I were to give up my Executive Condominium (EC) Unit after I have paid the Booking Fee and obtained the “Option To Purchase” but before I execute the Sale and Purchase Agreement?

A10:  Applicants who give up their EC Unit before the execution of the Sale and Purchase Agreement will have 25% of the booking fee forfeited by the developer.

Q11. What is the financial forfeiture if the Sale and Purchase Agreement is terminated due to a break-up in the fiancé/fiancée relationship?

A11: Under the Fiancé/Fiancée Scheme, you will need to produce your marriage certificate for the developer’s verification as required under the Fiancé/Fiancée Scheme (for further details on the scheme, please refer to the Executive Condominium Terms and Conditions).  If at any point in time, there is a break-up in the Fiancé/Fiancée relationship, you will become ineligible to continue with the purchase.  In this situation, the developer can terminate your Sale and Purchase Agreement and impose a forfeiture amounting to 20% of the purchase price.

If you have received a CPF Housing Grant for your purchase, you and your fiancé/fiancée will be required to return the CPF Housing Grant together with accrued interest.  Any shortfall has to be repaid in cash.  If the full amount cannot be recovered at that juncture, the outstanding amount will be treated as a debt owed by you and your fiancé/fiancée to the Government.  Both of you will also not be eligible to rent/buy or take over the ownership of another HDB flat, DBSS flat or EC Unit until you have paid up this debt in full (with interest).

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Q12. What is the consequence if my purchase of the Executive Condominium (EC) Unit is terminated after I have executed the Sale and Purchase Agreement, but before I take physical possession of the unit?

A12: If the Sale and Purchase Agreement is terminated by the developer under the Sale and Purchase Agreement, the developer will be entitled to forfeit 20% of the purchase price. 

 

For more information on the procedures, visit HDB website