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We are currently still paying a housing loan for an EC (TOP >5 but <10 years).
I am looking to setup a private limited company to take over this property so that we can apply as a second timer to another new EC.

Can I know what is the setup and recurring costs of a private limited company? What are the pitfalls we need to look out for?
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1 Answer

Bernard Tan
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Hi,

ECs can only be sold after 5years. Upon 5years, you are only elibible to sell it to Singaporeans or PRs.
You are only able to open to all other parties and foreigners after the EC has reached 10years.
Therefore, it would not be possible to transfer it to a company and reapply for another EC.

Regards,
Bernard Tan
 81800030 
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