Westwood Residences EC Policy
EC Eligibility
| 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 Westwood Residences 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). |
| 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. |
| The information provided by you in the Westwood Residences Application Form and/or any forms are deemed to be true and correct. Detailed eligibility checks on the applicant and all persons listed in the application form will be conducted subsequently. All decisions made by the Developer shall be final and conclusive. |
CPF Housing Grants
| Applicants may apply for the following CPF Housing Grant where applicable: |
| 1. CPF Housing Grant for Family: $20,000/$30,000 |
| 2. CPF Housing Grant for Family (Living Near Parents / Married Child): $30,000/$40,000 |
| 3. Additional CPF Housing Grant: $5,000 – $40,000 |
| 4. CPF Housing Grant for Singles: $11,000 |
| 5. CPF Housing Grant for Singles (Living with Parents): $20,000 |
| 6. Half-Housing Grant: $15,000/$20,000 |
| 7. CPF Housing Top-Up Grant (where applicable) |
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| Eligibility and Terms & Conditions apply to the various CPF Housing Grants. Applicants who are eligible for the CPF Housing Grant and who wish to request for the grant must submit the Application Form for the CPF Housing Grants with supporting documents to the Developer at the point of booking of the DBSS flat. |
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| For more information regarding eligibility for Executive Condominium, kindly refer to the HDB website or you can contact us and we will attend to your enquiries. |
Income Guidelines
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: |
| - Latest 3 months’ payslips i.e. month of application and preceding 2 months; or |
| - Letter from employer (with company stamp/letterhead, name, signature and designation of certifying officer) certifying salaries for the month of application and the preceding 2 months |
|
Self-employed Persons |
Assessment is based on the average monthly gross income for the past 12 months
|
Part-time Worker |
Assessment is based on the average monthly gross income for the past 12 months
| Documents to submit : |
| - Latest 12 months’ payslips; or |
| - Letter from employer (with company stamp/letterhead, name, signature and designation of certifying officer) certifying salaries for the last 12 months |
|
Commission-Based Persons |
Assessment is based on the average monthly gross income for the past 12 months
| Documents to submit : |
| - Latest 12 months’ commission statements / payslips; or |
| - Letter from employer (with company stamp/letterhead, name, signature and designation of certifying officer) certifying salaries for the last 12 months |
|
Odd Job Worker |
Assessment is based on the average monthly gross income for the past 12 months
| Documents to submit : |
| - Latest NOA from IRAS and |
| - Previous years NOA from IRAS |
|
Unemployed Persons |
| Proof of unemployment |
| - Statutory Declaration* to declare the employment status or |
| - Valid Student Pass |
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| *Note : |
| - Applicable to applicants and occupiers between 18 and 62 years old who are unemployed. |
| - If the applicants and occupiers are unemployed for fewer than 3 months, the average income will be computed based on the number of actual months he/she has worked. |
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. |
* Above Information Is Cited From HDB Website. For More Information On Income Guidlines, Kindly Click Here To Visit The HDB Website. *
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