Sea Horizon EC can be a new Executive Condominium at Pasir Ris. It's located close to Pasir Ris MRT, and expressways such as TPE and PIE.
Sea Horizon EC offers panoramic views with the sea and it is just minutes stroll to Pasir Ris. It's a haven for beach and nature lovers!
It's also conveniently located near to departmental stores for example [email protected] East and White Sands Retail center to satisfy every dining, retail and banking needs!
Do check on the following eligibility criteria!
Procedure on Purchasing a Executive Condomium (EC) in Singapore
Executive Condominiums are a special form of Housing and Development Board (HDB) flat. In the point of purchasing a new EC from developer, purchasers are put through the current HDB rules. However, after staying in the system for 5 years, the system may be resold to a different Singaporean or Singaporean Permanent Resident. After A decade, the EC is privatized, and is also considered a personal condominium, and is resold to any person, even a foreigner.
This really is contrary to private condominiums. There is no special restriction on buying private condominiums, and no special restriction on re-selling the units.
Eligibility Conditions to purchase EC
The shoppers of EC must meet certain criteria to become in a position to obtain a EC unit in the developer.
1. Citizenship There has to be at least one Singapore Citizen because the main applicant. The co-applicant can be another Singaporean Citizen or Singapore Permanent Resident
2. Family Nucleus The primary applicant as well as the co-applicant must form a legitimate family nucleus, for example fianc�/finacee, husband/wife, parent/child, joint singles above 35 yrs . old, or perhaps the orphan scheme.
3 . Age The key applicant and also the co-applicant has to be above 21 years old.
4. Ownership of Private Property The applicants mustn't own any private property/EC, plus they should never have owned any private property/EC in the preceding 30 months.
5. Ownership of HDB flat The applicants mustn't have obtained greater than twice, the following flat types : flat direct from HDB, EC direct from developer, and resale flat using CPF.
6. Meeting of M.O.P. Requirements. If the applicants possess a HDB flat, they have to have stayed inside the flat for around Several years.
7. Income Ceiling The combined earnings of the applicants mustn't exceed $12,000 monthly..
For full Sea Horizon EC Floor Plan, Sea Horizon Price, and details, do visit http://www.projectlaunch.com.sg/seahorizon-ec/