Eligibility to Purchase Coastal Cabana Executive Condominium
Click for Enlarged Eligibility Chart
Who Can Buy Coastal Cabana EC From the Developer
An Executive Condominium bought directly from the developer is sold under HDB’s eligibility rules, not on the open market. Four conditions must all be met at the point of purchase:
- Citizenship. At least one applicant must be a Singapore Citizen. A Singapore Permanent Resident may be a co-applicant, but a household of Permanent Residents alone cannot buy an EC from the developer.
- Household nucleus. The application must be made under one of HDB’s eligibility schemes, most commonly the Public Scheme or the Fiancé and Fiancée Scheme. An EC cannot be bought from the developer by a single applicant on their own.
- Income ceiling. Combined gross monthly household income must not exceed $16,000 (not affected by new EC income ceiling announed in National Day Rally 2026, as Costal Cabana land sale tender is before 24 August 2026), counting all applicants and essential occupiers.
- Property ownership. No applicant or essential occupier may own private residential property, in Singapore or overseas, or have disposed of any within the 30 months before the application.
Common Eligibility Questions
What is the income ceiling to buy Coastal Cabana EC?
The household income ceiling for an Executive Condominium purchased directly from the developer is $16,000 per month. It applies to the combined gross monthly income of all applicants and essential occupiers, not to the main applicant alone. Variable income such as commission and bonus is generally averaged, so a household close to the ceiling should have its figures assessed rather than estimated.
Can Singapore Permanent Residents buy Coastal Cabana EC from the developer?
Only alongside a Singapore Citizen. At least one applicant must be a Singapore Citizen, and a Permanent Resident may then be included as a co-applicant. A household made up entirely of Permanent Residents cannot buy an EC from the developer. This restriction lifts in stages after completion: once the 5-year Minimum Occupation Period ends, units may be sold to Singapore Citizens and Permanent Residents on the resale market, and ten years after Temporary Occupation Permit the development fully privatises and can be sold to any buyer, including foreigners.
How much CPF Housing Grant is available?
First-timer households may qualify for a CPF Housing Grant of up to $30,000, depending on household income. The grant is credited to the buyer’s CPF account and reduces the effective purchase price rather than the cash needed at booking. A household in which either applicant has previously received a housing subsidy or bought a subsidised flat counts as a second-timer, and pays a resale levy instead of receiving a grant.
What is the Minimum Occupation Period for Coastal Cabana?
Five years from the date of Temporary Occupation Permit. During that period the owner must physically occupy the unit and may not sell it on the open market, rent out the whole flat, or hold any other private residential property. After the five years, the unit may be sold to Singapore Citizens and Permanent Residents and may be rented out in full. Ten years after TOP the development privatises completely, with no further restriction on who may buy.
Coastal Cabana keeps this earlier timeline because its land tender closed on 1 August 2024, before the changes of 8 May 2026. Executive Condominium sites whose tender closed on or after that date carry a 10-year Minimum Occupation Period and a 15-year wait to privatisation, and have lost the Deferred Payment Scheme. On an expected TOP of 31 March 2029, resale here opens in 2034 and full privatisation in 2039.
Is the HDB flat required to be sold before buying?
No. An existing HDB flat may be retained through the purchase and must be sold within six months of taking possession of the Executive Condominium. Buying an EC directly from the developer does not attract Additional Buyer’s Stamp Duty for an HDB upgrader, even where the flat is still owned at the point of purchase, provided that six-month condition is met. Buyer’s Stamp Duty applies in the normal way and is payable in cash.
What resale levy applies to a second-timer?
A fixed amount set by the type of subsidised flat previously sold, not by the unit being bought. A household that previously bought and sold a 5-room HDB flat on or after 3 March 2006 pays $45,000. Every flat type carries its own figure, and there is a separate rate for applicants buying as a single. The full table, and the way the levy is paid, are set out on our resale levy calculator.
Financing Limits That Apply Before Eligibility Is Confirmed
An Executive Condominium is capped twice on financing, where a private condominium is capped once. The Mortgage Servicing Ratio limits the monthly repayment on this loan to 30% of gross monthly income, and the Total Debt Servicing Ratio caps all monthly debt obligations combined at 55%. Whichever produces the smaller loan is the one that governs. A household can clear the $16,000 income ceiling comfortably and still be limited by the Mortgage Servicing Ratio, so both should be worked through before a unit is chosen. Our mortgage calculator models the downpayment and instalment against a specific price, and the Buyer’s Guide to Coastal Cabana works through what the MOP restricts in practice.
Eligibility is assessed by HDB and the developer against the household’s actual documents. The summary above is a guide to the rules, not a determination. Our Developer Sales team can check a specific household position before a showflat visit.
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