Project Description

The Yio Chu Kang EC site or an Executive Condo new launch had received a total of 10 bids on 18 February 2016. This EC is situated along Yio Chu Kang Road near Rosyth School. The top bid comes from Hoi Hup Realty at just S$183.80 million, which works out to be about S$331 per square foot of potential gross floor area. The second-highest bid comes from Nanshan Group Singapore, was S$173.24 million (S$312 psf ppr).

Yio Chu Kang EC BID

The lowest bid was at S$254 psf ppr was from a partnership between KH Capital and Amara Holdings unit TTH Development. This highly anticipated tender was conducted by HDB (Housing & Development Board0. The 1.8-hectare site is expected to generate around 520 units.

EC ELIGIBILITY CRITERIA

ECs are a public-private hybrid housing scheme formed with strict initial buyer eligibility and resale conditions imposed by HDB. Such conditions will be lifted 10 years after an EC project has been completed.

Yio Chu Kang EC

 

 

 

 

OFFICIAL WEBSITE:

www.hundredpalm.com.sg

 

 


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Executive Condominium (EC)
These are the eligibility conditions to buy a new Executive Condominium (EC). For ECs, please note that they are bought from the developer, not us. Before you submit an application, we advise that you also learn more what conditions apply after you buy an EC, and find out whether you must pay a resale levy.

What are the eligibility conditions?
You and any other applicants and essential occupiers need to meet several eligibility conditions such as citizenship, age, income, and property ownership.

Which eligibility scheme do I apply under?
You can apply for a new EC under one of these eligibility schemes: Public Scheme, Fiancé/Fiancée Scheme, Orphans Scheme, and Joint Singles Scheme.

What is the income ceiling?

What income documents must I submit?
To assess the average gross monthly household income for your EC application, you and any other applicants and essential occupier will need to prepare specific documents depending on your nature of employment. Also, please note that some forms of income/ allowance are not included when assessing your household income.

What if I am an undischarged bankrupt?

Am I a first or second-timer applicant?
A first-timer applicant is a person or household that has never received any form of housing subsidy, or similar benefit; a second-timer applicant is a person or household that has. If you are a second-timer and your spouse/ spouse-to-be is a first-timer, you as a couple will enjoy first-timer privileges and priority.

Are there any time periods during which I cannot apply for an EC?

Can I get a new EC flat if I used to/ still own or have full/ partial interest in a local/ overseas non-HDB property?

Can I get a new EC if I used to/ still own an HDB flat, DBSS flat, or EC?