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Let’s get back to basic. Here’s an overview of the Build-to-Order (BTO) Flats from HDB, Executive Condominium from Developer, Private Condominium & Landed Property regarding Buying Eligibility, Financing Options, Resale & Rental Restriction.

We have left out Resale HDB and Resale Executive Condominium.

Resale HDB would be similar to BTO; the key difference is that there is no income ceiling to purchase a resale HDB.

For Resale Executive Condo, it will be similar to Private Condo, except that it can sell in the open market to Singaporean and Singapore PR after the first owner fulfil his/her 5-year minimum occupation period, and to any nationalities after ten years from the date of TOP (Temporary Occupation Permit). In other words, only Singaporean and Singapore PR can buy an Executive Condo in the open market after the first owner has fulfilled his/her minimum occupation period, and any nationalities can purchase an Executive Condominium in the open market which is 10-year from its T.O.P date.

 BTOExecutive Condominium from DevelopersPrivate CondominiumLanded Property
Eligibility to Buy based on NationalityAt least one Singaporean. At least 1 other Singaporean or Singapore PR.

Also , buyers have not bought a new HDB/ DBSS flat or EC, or received a CPF Housing Grant before; or, have only bought 1 of these properties/ received 1 CPF Housing Grant thus far
At least one Singaporean. At least 1 other Singaporean or Singapore PR.

Also , buyers have not bought a new HDB/ DBSS flat or EC, or received a CPF Housing Grant before; or, have only bought 1 of these properties/ received 1 CPF Housing Grant thus far
Any NationalitySingaporean. SPR requires LDAU approval.
Eligibility to Buy based on Property Ownership StatusNo existing property.

If owns a Private or Overseas property, to dispose properties 30 months before applying for BTO.

If own HDB, to dispose existing HDB six months after taking over BTO.
No existing property.

If owns a Private or Overseas property, to dispose properties 30 months before applying for EC.

If own HDB, to dispose existing HDB six months after taking over BTO.
Not Applicable.Not Applicable.
Income Eligibility4-room flat or bigger

Gross Income less than $12,000, or $18,000 for multi-generation family.

3-room flat:
Non-mature estates: $6,000 or $12,000, depending on the project.

Mature estates: $12,000.
Gross Income not exceeding $14,000No Income Ceiling RestrictionNo Income Ceiling Restriction
Housing LoanHDB Loan / Bank LoanBank LoanBank LoanBank Loan
Housing GrantUp to $80,000. For details, please go to: CPF Housing GrantUp to $30,000. For details, please go to: CPF Housing GrantNo GrantNo Grant
Mortgage Servicing Ratio (MSR)ApplicableApplicableNot Applicable.Not Applicable.
Total Debt Servicing Ratio (TDSR)ApplicableApplicableApplicable. For details, please refer to: What is TDSR & LTV and how they affects you?Applicable. For details, please refer to: What is TDSR & LTV and how they affects you?
Loan To Value (LTV )Not ApplicableNot ApplicableApplicable. For details, please refer to: What is TDSR & LTV and how they affects you?Applicable. For details, please refer to: What is TDSR & LTV and how they affects you?
Resale RestrictionTo fulfill Minimum Occupation Period of 5 years before selling to Singapore or Singapore PR families.To fulfill Minimum Occupation Period of 5 years before selling to Singapore or Singapore PR families.

To fulfill MOP of 10 years before selling to any nationality
No RestrictionNo Restriction
Seller Stamp Duty on the sales price or market value or the property, whichever higher.Not ApplicableNot ApplicableFor Property Purchase Between 14 Jan 2011 and 10 Mar 2017 (all inclusive):
Up to 1 Year: 16%
1 Yr Up to 2 Yr: 12%
2 Yr Up to 3 Yr: 8%
3 Yr Up to 4 Yr: 4%

For Property Purchase on and after 11 Mar 2017:
Up to 1 Year: 12%
1 yr up to 2 yr: 8%
2 yr up to 3 yr: 4%
For Property Purchase Between 14 Jan 2011 and 10 Mar 2017 (all inclusive):
Up to 1 Year: 16%
1 Yr Up to 2 Yr: 12%
2 Yr Up to 3 Yr: 8%
3 Yr Up to 4 Yr: 4%

For Property Purchase on and after 11 Mar 2017:
Up to 1 Year: 12%
1 yr up to 2 yr: 8%
2 yr up to 3 yr: 4%
Tenure99 years leasehold99 years leaseholdMainly Freehold, 999 or 99 years leaseholdMainly Freehold, 999 or 99 years leasehold
Restriction to purchase second propertyTo fulfill Minimum Occupation Period of 5 years before purchasing next propertyTo fulfill Minimum Occupation Period of 5 years before purchasing next propertyNo RestrictionNo Restriction
Additional Buyer's Stamp Duty (ABSD)Not ApplicableNot ApplicableApplicable. For details, please refer to: What is ABSD and how does it affects you?Applicable. For details, please refer to: What is ABSD and how does it affects you?
When can start renting out?During MOP period, only room rental.

After MOP Period, can rent out entire flat but tenant profiles are restricted by Non-Citizen Quota. For details, please refer to Renting out your HDB Flat
During MOP period, only room rental.

After MOP period, can rent out entire apartment.
No RestrictionNo Restriction
Eligibility for Equity LoanNoYesYesYes
Maintenance Fee / Conservancy FeeApproximate $50 to $95 per month, depending on estatesApproximate $200 to $400 per monthWide range between $300 to thousands over per monthDepends on owner upkeep requirements.

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Artra at Redhill
Westwood Residences EC

Note: The above article is intended to provide general information. Although we endeavour to ensure that the information contained herein is accurate, we do not warrant its accuracy or completeness or accept any liability for any loss or damage arising from any reliance thereon. The information herein should not be treated as a substitute for separate professional advice concerning particular real estate situations. If you would like to obtain advice, please do not hesitate to get in touch with us at (65) 6100 1344 or [email protected]

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