HDB Eligibility Guide for the new Canberra EC Launch
Since Visionaire is an executive condo, HDB’s eligibility criteria (set out below) applies for booking a unit at this new Canberra EC launch. If you would like assistance in checking your eligibility, please email us here.
Source: HDB website (www.hdb.gov.sg)
- The main applicant must be a Singapore Citizen
- Application must include at least one other Singapore Citizen or a Permanent Resident
- Applicants must be at least 21 years old when applying for this new Canberra EC
- Both applicants under the Joint Singles Scheme must be at least 35 years old
Applicants must form a family nucleus under one of the schemes here:
- Public Scheme
You (the main applicant) and;
* Your spouse, and children (if any)
* Your parents, and siblings (if any)
* Your children under your custody (if you are widowed or divorced)
- Fiancee/Fiance Scheme
You (the main applicant) and your fiancee/fiance
- Orphan Scheme
You (the main applicant) and;
* Your unmarried brothers/sisters, or
* Another unrelated single orphan
- Joint Singles Scheme
You (the main applicant) and another single person
- Your monthly combined household income cannot be more than SGD$14,000
Requirements for Undischarged Bankrupts
Undischarged bankrupts need to seek the Official Assignee (OA)’s consent to apply for the new Canberra EC. However, they need not seek the OA’s approval for inclusion as an occupier.
Ownership of Private Property
You, your spouse, and any occupiers and their spouses listed in this application, must not own or have divested yourself of, or have any share or part in any private flat, condo, house, building or land (including overseas property).
* Within 30 months before the application date, and
* Between application date and date of taking possession of this new Canberra EC.
Owners/Ex-owners of EC units / DBSS flats / HDB flats
Each Singaporean household can buy the following housing types only twice:
* a flat directly from HDB;
* a resale flat with the CPF Housing Grant (this only applies to 1st timers);
* a new DBSS flat;
* a new Executive Condominium from a developer.
If you have previously bought 2 such units, you cannot apply for, or be listed as an essential occupier in an application for this new Canberra EC launch.
What are 1st timer Applicants
You, any co-applicants, and any essential occupiers included in your application for this new Canberra EC launch, have NEVER:
* Bought a flat directly from HDB, or Executive Condo or DBSS unit from developer
* Sold a flat bought directly from HDB, or EC or DBSS flat bought from developer
* Obtained the CPF Housing Grant for the purchase of a HDB resale flat
* Received other forms of housing subsidies (eg. privatisation of HUDC estate, SERS, etc)
70% of the units will be reserved for first-timers during the initial period of this new Canberra EC launch.
What are 2nd timer Applicants
You, or essential family members in your application, have owned/sold or are currently owners of:
* A HDB flat that was bought directly from HDB, or
* A resale flat that was bought with a CPF Housing Grant, or
* A DBSS flat or an EC bought directly from a developer, or
* Have received other forms of housing subsidy (eg. privatisation of HUDC estate, SERS, etc.)
2nd timers buying Visionaire EC are required to pay a Resale Levy. For more info on the resale levy, see this (opens in new window).
Existing Owners or Ex-Owners Of
* A flat bought directly from HDB
* A DBSS flat bought from a developer
* A resale flat bought with a CPF Housing Grant
If you fall into any of the above categories, you may apply to buy a Visionaire EC unit if at least 5 years (excluding any period of subletting the whole flat) has elapsed from the #date of taking possession of the subject flat to the date of application for this new Canberra EC.
# The date of taking possession refers to:
* Date of key collection, for flats bought direct from HDB
* Date of resale completion, for resale open market flats bought with a CPF Housing Grant
* Date of transfer at market value of flats bought with a CPF Housing Grant
* Date of key collection for EC/DBSS flats bought from a developer
Ex-owners of an Executive Condominium
Are you, your spouse, or any essential occupier listed in the new application an ex-owner of an EC unit bought direct from a developer? If so, you must wait at least 5 years from the date of taking possession of the earlier EC, before applying for this new Canberra EC.
In addition, you must wait out a 30-month period from the effective date of disposal (i.e., date of legal completion of the sale, evidenced by Notice of Transfer or such other documentary evidence as HDB may require) of that EC, before you can apply to buy a unit at this new Canberra EC launch.
Anybody applying to buy the Visionaire EC, or to be listed as an occupier, must not currently be listed as an essential occupier of:
* An existing HDB flat bought directly from HDB,
* A DBSS flat bought under the CPF Housing Grant Scheme, or,
* A resale flat bought with a CPF Housing Grant
However, you may be eligible if you have lived in the existing flat for over 5 years from the #date of taking possession of the existing flat, to the date of application for this new Canberra EC.
Cancellation of Application After Booking a HDB Flat
If you have booked a new HDB flat and subsequently cancelled your booking, you must wait out a 1-year period from date of the cancellation, before you can apply for, or be listed as an essential occupier for this new Canberra EC launch.
Within the 3 years from the date of divorce, only one party in the divorce can acquire any of the following housing units:
- Flat bought direct from HDB
- EC / DBSS flat bought direct from a developer
- Resale flat bought from the open market with a CPF Housing Grant
If there is an existing matrimonial home that is one of the above, and that home is retained by your ex-spouse, you may apply to buy or be listed as an essential occupier in the Visionaire EC, but only after 3 years from your divorce.
However, this 3-year wait out period will be waived if you are buying this new Canberra EC with a new spouse or with your parents.
If there is no matrimonial home, or if it was bought from the open market without a CPF Housing Grant, you may apply for this new Canberra EC launch after you obtain your ex-spouse’s consent not to own or be listed as an essential occupier in any of the above housing types within the 3-year wait out period from the date of your divorce.
The requirement for ex-spouse’s consent is waived if you are buying this new Canberra EC with a new spouse or with your parents, or if you are buying a resale flat from the open market without the CPF Housing Grant.
The requirement to seek your ex-spouse’s consent during the 3-year wait out period from the date of divorce is also waived if you meet the following conditions:
- All your children are below 18 years old at the time of divorce; and
- You have legal custody of all your children, and are also the only parent with care and control of all your children
Person Who Has Bought an EC/DBSS Flat with CPF Housing Grant
A person who bought an EC or DBSS flat with the CPF Housing Grant, but terminated the Sale & Purchase Agreement for that, may apply to buy a unit at this new Canberra EC launch.
However, this is allowed on condition that a 5-year period has lapsed from termination date of the Sale & Purchase Agreement of the earlier EC or DBSS flat purchase, to the date of application for this new Canberra EC.
Source: HDB Website
OTHER LAUNCHES BY DEVELOPER
Parc Esta condo VIP Preview and Launch in 2nd Half of 2018 . On site of former Eunosville diagonally opposite the Eunos MRT station . By MCL Land Singapore
Sign up for the Parksuites condo brochure & site plan . New launch at Holland Grove . By Far East Organisation Singapore