• Category Category: Business
  • Comment Comments: 0
  • View View: 303

Sea Horizon EC is a new Government Condominium at Pasir Ris. It is located close to to Pasir Ris MRT, and expressways such as TPE and PIE.

Sea Horizon EC provides panoramic views of the sea and it is just minutes stroll to Pasir Ris. It is a haven for beach and nature enthusiasts!

It is also conveniently situated close to to shopping malls such as E!Hub@Downtown East and White Sands Shopping Mall to fulfill every dining, retail and banking requirements!

Do check on the subsequent eligibility criteria!

Procedure on Purchasing a Government Condomium (EC) in Singapore

Executive Condominiums are an unique type of Housing and Development Board (HDB) flat. At the stage of purchasing a new EC from developer, purchasers are subjected to the prevailing HDB guidelines. However, following staying in the device for 5 years, the unit can be resold to another Singaporean or Singaporean Permanent Resident. Following 10 years, the EC is privatized, and is regarded as a private condominium, and can be resold to anyone, even a foreigner.

This really is in distinction to personal condominiums. There is no unique restriction on purchasing personal condominiums, and no unique restriction on re-selling the units.

Eligibility Conditions to purchase EC

The purchasers of EC should meet certain requirements in order to have the ability to purchase an EC device from the developer.

1. Citizenship
There should be at least one Singapore Citizen as the main applicant. The co-applicant can be another Singaporean Citizen or Singapore Long term Resident

2. Family Nucleus
The main applicant and the co-applicant must type a valid family nucleus, like fianc?/finacee, husband/wife, parent/child, joint singles above 35 years old, or the orphan scheme.

3 . Age
The main applicant and the co-applicant should be above 21 years of age.

4. Possession of Personal Property
The candidates must not personal any personal property/EC, and they should not have owned any personal property/EC in the previous 30 months.

5. Ownership of HDB flat
The applicants should not have purchased more than twice, the subsequent flat types : flat direct from HDB, EC immediate from developer, and resale flat using CPF.

6. Meeting of M.O.P. Specifications.
If the candidates personal a HDB flat, they must have stayed in the flat for at least 5 years.

7. Earnings Ceiling
The mixed income of the candidates should not exceed $12,000 a month..

For more info, visit Sea Horizon EC and Sea Horizon EC

Leisch Luis Article's Source: https://www.thearticledirectorypost.com/sea-horizon-ec-a-brief-discussion/

  • authorBy:
  • writerPosted On: August 3, 2013
  • livePublished articles: 461