Westwood Residences EC Eligibility To Purchase

Westwood Residences EC Eligibility Conditions – Applicant(s) have to take note that ECs are bought from the developer, and not by Housing And Development Board (HDB). Therefore, before the submission of an application, applicant(s) are advise that they should learn more about what conditions apply after they buy an EC, and find out whether resale levy are payable.


Overview Of Eligibility Conditions

Applicant(s) and all essential occupier(s) need to meet some eligibility conditions, such as citizenship, family nucleus, age, income and property ownership as stated below.

Citizenship- Must be a Singapore Citizen
- At least 1 of the purchaser must be a Singapore Citizen or Singapore Permanent Resident
- All singles must be Singapore Citizens if applying under the Joint Singles Scheme
Family nucleus
To qualify for the EC, must be under one of these eligibility schemes:
- Public Scheme
- Fiance/Fiancee Scheme
- Orphans Scheme
- Joint Singles Scheme
Age- At least 21 years old
- At least 35 years old, if applying under the Joint Singles Scheme
Income ceiling- Household income must not exceed the $14,000
Ownership of the property- Must not own overseas property or private property locally
- Private property have not disposed of any within the last 30 months
- Must have not bought any new HDB/DBSS flat or EC, - Received CPF Housing Grant before
- Have only bought 1 of these properties/ received 1 CPF Housing Grant


Eligibility Scheme (Family Nucleus)

Applicant(s) can apply for a new executive condominium under one of the four eligibility scheme as stated below.

Public Scheme- Form a family nucleus with any of the following :
* Spouse, and Children (if any)
* Parents, and siblings (if any)
* Children under legal custody, care and control (for widowed/divorced applicants)

- No change of people listed : applications under this scheme are valid if there are no changes to the people listed (not allowed to replace parents name with spouse or vice versa)

- Dual-key EC as a multi-generation family :
* married/engaged couple and parents/grandparents
* widowed/divorced with children and parents/grandparents
Fiance/Fiancee scheme- Form a family nucleus with your spouse-to-be :
* Submission of Marriaged Certificate :
>> applied for CPF housing grant : submit copy of Married Certificate before taking possession of your EC
>> did not apply for CPF housing grant : submit copy of Married Certificate within 3 months of taking possession of your EC

- Written parental consent needed if spouse-to-do is 18 years old and above, but below 21
* that person must be listed as an essential occupier in the flat application
* written consent from that person's parents/guardians must be submitted during EC selection

- Special Marriage Licence needed if spouse-to-be is below 18 years old
* following your flat application, you must obtain a Special Marriage Licence from the Ministry of Social and Family Development and submit during the EC selection

- No change of people listed in the application
*Applications under this scheme are only valid if there are no changes to the people listed. That means that in case of break-up, you are not allowed to later put in the name(s) of new spouse-to-be or your parents in the application, even if the previous spouse-to-be agrees.

- If applying for a dual-key EC as a multi-generation family :
* married/engaged couple and parents/grandparents
* widowed/divorced with children and parents/grandparents
Orphans Scheme- You and your siblings are orphans and single (unmarried, divorced or widowed) :
* all of the siblings that are single must be listed in the same application
* at least 1 of the deceased parents was a Singapore Citizen or Singapore Permanent Resident
Joint Singles Scheme- Can be you plus up to 3 other co-applicants, and all must be :
* single (unmarried, divorced or widowed
* singapore citizens
* at least 35 years old
* applying jointly as co-applicants
(CPF Housing Grant for singles are not available for buying EC)


Income Documents for Executive Condomimium

Applicant(s) must take note that the average gross monthly household income must not exceed $14,000. To better assess the average gross monthly household income, all applicant(s) and essential occupier(s) will need to submit specific document depending on their nature of employment. However, do note that some forms of income/allowance are not including when assessing their average gross monthly household income.

Employed Person- Latest 3 months payslips. eg month of application and preceding 2 months
or
- Letter from employer certifying salaries for the month of application and the preceding 2 months. The letter must contain the :
> company stamp/letterhead
> certifying officer's name, signature and designation
Self-employed person- Latest LOA from IRAS or Statement of Annual Accounts certified by an audit firm
and
- Valid Accounting and Corporate Regulatory Authority (ACRA) Computer Information (Business Profile) or valid licence of trade
Part-timer worker- Latest 12 months payslips
or
- Letter from employer certifying salaries for the last 12 months. The letter must contain the :
> company stamp/letterhead
> certifying officer's name, signature and designation
Commission-based person- Latest 12 months commission statements/payslips
or
- Letter from employer certifying salaries for the last 12 months. The letter must contain the :
> company stamp/letterhead
> certifying officer's name, signature and designation
Odd Job Worker- Latest NOA from IRAS
and
- Previous year NOA from IRAS
Unemployed person
(between 18 to 62 years old)
- Statutory Declaration to declare the employment status or valid Student Pass if currently a full-time student
- if unemployed for less than 3 months, the following documents are required :
> Income proof for the preceding months from the previous empolyer stating their gross monthly income and last day of service
> Latest 15 months CPF contribution history


Condition for Undischarged bankrupt

Applicant(s) need to obtain the consent of the Official Assignee when applying for an EC. However, it is not necessary to do so if you are to be listed as an essential occupier.


Define First or Second Timer 

A first-timer applicant is a person or household that has never taken any form of housing subsidy, or similar benefit. A second-timer is a person or household that has received any form of housing subsidy, or similar benefit. However, if you as a second-timer and your spouse/spouse to be is a first-timer, you as a couple get to enjoy the first-timer privileges and priority

First-timer applicant- 1st timers will get to enjoy privileges and priority.
* Purchasers will be treated as a first-timer application if you and any of the other listed owners and essential occupiers meet the following criteria:
> Not the owner of a flat bought directly from HDB, or EC/ DBSS flat bought from a developer
> Not sold a flat bought directly from HDB, or EC/ DBSS flat bought from a developer
> Not received any CPF Housing Grant for the purchase of an HDB resale flat
> Not taken any form of housing subsidy
> If you are a second-timer and your spouse/spouse-to-be is a first-timer, both of you will enjoy first-timer privileges.
Second-timer applicant- 2nd timers will be treated if any of the following applies to you or any of the other listed owners and essential occupiers:
* Have owned or sold any of the following:
> HDB flat bought from HDB
> Resale flat bought using a CPF Housing Grant
>> EC/ DBSS flat bought from the developer
> Once taken some form of housing subsidy


For more information on eligibility conditions, like Minimum Occupation Period (MOP), etc, you can visit:
www.hdb.gov.sg or

Call: 61008339
Westwood Residences – Developer Appointed Sales Team