Lake Life EC Eligibility

Lake Life EC Eligibility guide.

1) Main applicant must be a Singapore Citizen and above 21 years old. Co-applicant can be a Singapore Citizen or Singapore Permanent Resident.

2) Both applicants of Lake Life EC must be either First Timer or Second Timer (Existing Owner/Ex-Owner of HDB Flat).

3) Applicants must form a valid family nucleus to buy the EC under one of the HDB’s eligibility schemes: Public / Fiance & Fiancee / Orphan / Joint Singles (min 35 yrs old).

There is also a note that Cairnhill 9 which is located at Orchard Road and is one of the prime districts in Singapore. These prime districts are expensive by nature as it is near to Ion Orchard which is an upscale shopping centre right in the heart of the city.

Somerset Cairnhill Nine which is near to Ngee Ann City and Takashimaya Shopping Centre represents a development where there are many shopping centres and retail outlets available for the residents to indulge in. Families can also spend their weekend at the facilities available at Cairnhill Nine

4) Applicants combined household gross monthly income must not exceed S$12,000.

5) Applicants and occupiers listed in the application form must not own or dispose of any private property within 30 months before the date of application and between the application date and the date of taking possession of the EC.

6) Second-timer applicants who are Existing Owner or Ex-Owner (a flat, resale flat with CPF Housing Grant, DBSS flat from developer) must meet the 5-year Minimum Occupation Period (excluding any period of subletting of whole flat) before application of a new EC.

 

Lake Life EC

Lake Life EC eligibility guide reference:

For more information regarding eligibility for Executive Condominium, you can refer to the HDB website.

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