E-Application for Lake Life EC
E-Application for Lake Life EC
E-Application is mandatory for all purchasers who wish to buy an executive condominium (EC). It is a free-of-charge, non-obligatory process for developers to access the eligibility of EC purchasers.
The HDB may also request for other documents to be submitted other than those listed below.
Employed Person | Assessment is based on average monthly gross income
(excluding income earned from overtime work) which includes allowances
(fixed/variable) received on a regular basis (e.g. transport, food,
laundry, uniform, etc). Documents to submit:
NOTE:
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Self-employed Persons | Assessment is based on the average monthly gross income for the past 12 months Documents to submit:
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Part-time Worker | Assessment is based on the average monthly gross income for the past 12 months Documents to submit:
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Commission-Based Persons | Assessment is based on the average monthly gross income for the past 12 months Documents to submit:
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Odd Job Worker | Assessment is based on the average monthly gross income for the past 12 months Documents to submit:
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Unemployed Persons | Proof of unemployment
*Note:
Statutory Declaration may be
executed at the Sales Office at HDB Hub or any HDB Branches. If you are
not in Singapore, you can make the Statutory Declaration in the presence
of a Commissioner for Oaths or Notary Public in the country of your
stay.
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Income/Allowance considered
Examples of income / allowance that are considered in the computation of household income are:
- Pension
- Stipend
- Sustenance
- Allowances (fixed/variable) received on a regular basis (eg transport, food, laundry, uniform, etc)
Income/Allowance not considered
Examples of income / allowance that are not considered in the computation of household income are:
- Rental income
- Interest from fixed deposit/savings account
- Alimony allowance (divorce cases)
- Bonuses
- Director fees
- Scholarship overseas allowance
- Income earned from overtime work
- National Service Allowance
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