First home · household income up to $18,000
Condo Living for About $870 Less a Month Than Private
You can borrow for a private condo. Paying for it every month for 30 years is the problem. An EC gets you the same pool, gym and gated estate at a price set for first homes.
Monthly instalment, same 950 sq ft three-bedroom
$870 less every month
Three Numbers That Change the Maths
- ~$69,000less downpayment than the private condo in the same example. That is cash that stays in your account, not in the developer's.
- $0 until keyson the last five, with the Deferred Payment Scheme: about 20% at booking, the rest when the project is completed. No instalments while you are still renting or living with your parents.
- 5 yearsbefore you can sell on the open market (the last five). Every EC after them carries 10.
Where your income puts you
Earning $16,001-$18,000? Your Options Just Changed
| Household income a month | What you can buy |
|---|---|
| Up to $12,000 | Every EC, plus a CPF grant of up to $30,000 if you are both first-timers. |
| $12,001 - $16,000 | Every EC, including the last five with DPS and a 5-year MOP (Solano Grand, Wynwood Grand, Clovelle of Woodlands, Sembawang Road EC, Miltonia Close EC). No grant. |
| $16,001 - $18,000 | New-rule ECs only: 10-year MOP, no DPS (Canberra Drive EC, Admiralty Walk EC, Jurong East Avenue 1 EC). The last five are closed to you. |
| Above $18,000 | No new EC. Private property only. |
Average gross monthly household income over the past 12 months. Ceilings and grants as published by HDB; confirm your own case with HDB.
What the price list won't tell you
Most Households Near the Ceiling Hit the Bank's Cap Before the Price List
At $16,000 a month, the 30% Mortgage Servicing Ratio, tested at 4%, supports a loan of about $1.01M. The 950 sq ft unit in our example needs $1.35M. The difference has to come from cash and CPF, or from a smaller unit.
Which unit size and stack fits your numbers is the question we answer for you, before the e-application window opens.
Free 15-minute budget check
Know Your Real EC Budget Before the Showflat Does
- Your bank limit under the MSR and TDSR, on your actual income
- The unit sizes that fit it at each of the last five
- Your monthly instalment, cash and CPF at booking and at keys
- Which ECs you can still apply for, and your grant if any
Send Me My EC Budget
Leave your details and we'll message you to get the few numbers we need. Your budget comes back within a working day.
5 launches left with DPS and a 5-year MOP. Wynwood Grand's e-application opens 11 Dec 2026. Have your numbers ready before then.