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Hi,

For EC purchase direct from developer, you need to form a family nucleus (ie. purchase with spouse or parents if you are unmarried). You also need to meet your MOP of 5 years for your HDB before you can be eligible to purchase.

To book the EC unit, minimum 5% cash+15% CPF + 3% stamp duties (as a % of purchase price) are required within 8 weeks, you must have the funds ready. You need not sell away the HDB to purchase the EC unless you need the sale proceeds to book the EC unit.

May I understand your housing plans further so to make better recommedations? Thanks and look forward to value-add to your housing plans.

Warm Regards,
Ivan Ng ERA ASAP
(ASk Anything Property)
Proactive. Sincerity. Feedback.
SMU BBM (Finance), Magna Cum Laude

Email: Ivanng10@gmail.com
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Hi,

For purchase of EC depending on what payment scheme you will be taking you will have 6 months after key collection to sell off your HDB. You do not have to sell it first in order to purchase the EC and for bank loan wise they will not take your HDB Lin into consideration when doing the financing.

For payment wise, 5% Cash will be for the booking fee and 15% upon the receipt of Sales and Purchase documents which is about 9 weeks you can pay using your CPF or Cash together with 3% Stamp Duty.

For a detailed calculation I can do it for you for free through SMS or email you can give me a text or call @ 90913553  and I will explain to you in detail for the procedures as I am very experience in EC purchases :)

Thank you,
Louis See
ERA
 90913553 
Louisseery@gmail.com Read More

Good evening EC upgrader,

the need to sell your HDB will depend whether do you have the sufficient funds for the initial outlay for EC purchase.

The initial outlay will be compromised:

1) 5% cash booking fee
2) estimated 3% buyer's stamp duty within 2 weeks from exercise of Sales and Purchase agreement
3) 15% CPF or cash downpayment within later of 9 weeks from OTP grant date or exercise of S&P

By the way just to share, usually there are two payment schemes for EC purchase: deferred and normal.

For normal, the mortgage repayment will start as the construction starts while for deferred, you will start to pay once project TOP. Usually pricing for deferred payment scheme will be 3% more than normal.

Perhaps you can share more with me so I will be in a better position to advise you the feasibility of purchase an EC. Will you be subject to resale levy for this upgrade?

Hope to hear from you soon!

Like my FB page: www.facebook.com/yt.tan91115171

Just to share!

Only a one time sign up, you will be able to receive a free SMS update on the value of your home and neighborhood from me on a monthly basis.

Click this now: http://goo.gl/Gg5pe3!

Join me on board towards a hassle free update on valuation now!

Warmest Regards,
YT TAN 陈永达 | ACCA Graduate, RES
Senior Associate Marketing Director
R043025D
Propnex Realty Pte Ltd
Estate Agent no. L3008022J
Blk 480 Lorong 6 Toa Payoh, #10-01/11-01 HDB Hub East Wing, Singapore 310480

(M): +65 9111 5171 
(E): yt.tan91115171@gmail.com
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Hi,

Re: Today’s SG Professional Choice- SGAgent.com & SGRealtor.com

In response that you are still servicing your hdb loan. Will recommend that you opt for deferment payment scheme to avoid service two housing loan every month.

By the way, which EC are you keen now :)

I am contactable at 92222389  or onassis@sgrealtor.com / sgagent.com
In all Areas of Singapore. Sale/Buy/Lease/Rent, Please call and/or drop me an email me. I’m always at your Services.

Onassis Gan | R021244C | SG Professional l SGRealtor.com & SGAgent.com

EXPERIENCED. PROACTIVE. SINCERITY. FEEDBACK
ACTA (Full); PDCE (Singapore); MSc BIT(Middlesex); BBA (South Australia)

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Singapore Line : (+65) 92222389 
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Email: onassis@sgrealtor.com / sgagent.com
Skype: incomecare

" Engage 1 & Get More than 800 Agents from the #1 TEAM in ERA to Serve You!” Read More

Hi,

I am highly experienced in EC sales, having concluded many EC transactions with the most recent one being a 3BR at Sol Acres over the weekend. My client's testimonial for my service: http://www.kumarrai.com/agent-page/88280/testimonials

Do get in touch for a non obligatory discussion for me to guide you exactly on the step by step procedural framework of EC purchase, and chart the payment timeline / breakdown , to facilitate your purchase. Thank you!

D Kumar
 +65 96659926 
ERA Associate Division Director
www.kumarrai.com ( Recent Awards and Testimonials)

#1 team of ERA in Singapore, Asia Pacific International for 2014.

ERA 2015 Q1 Top Achievers (Top1% of ERA)
ERA Top Achievers 2013/14
ERA Multi-Million Dollar Club Award
2014 ERA Asia-Pacific Business Conference Elite Award Read More

Hi,
There are many EC around, but first is to make sure the eligibility. Have you purchase subsidy hdb twice before, income ceiling...etc,

To assist and advise you more in details, kindly drop me an email for me to share.

I am contactable at my mobile or email.

CK Ang
 9046 3808 
res.ckang@gmail.com Read More