Question 1

How do I check my MSR or TDSR eligibility?

Accepted Answer

You can use the MSR / TDSR calculator to estimate your monthly loan eligibility here: https://ottoplace.ec.sg/msr-tdsr-calculator/

Question 2

Who is eligible to buy an executive condo in Singapore?

Accepted Answer

You must be a Singapore Citizen, apply under a valid HDB scheme, meet income ceiling and family nucleus requirements, and not own other properties locally or overseas. More info here: https://ottoplace.ec.sg/executive-condo-eligibility/

Question 3

What is resale levy?

Accepted Answer

The resale levy payable is determined at the point you book your second subsidised flat. It applies regardless of ownership type (joint-tenancy or tenancy-in-common) or shared interest in the flat. Calculate how much is your resale levy: https://ottoplace.ec.sg/resale-levy-calculator/

Question 4

What is Deferred Payment Scheme (DPS)?

Accepted Answer

The Deferred Payment Scheme (DPS) allows property buyers to delay most of the payment until the property is fully constructed, providing greater flexibility. More info here: https://ottoplace.ec.sg/ec-payment-scheme/#sec-b9d3

Otto Place: A New Executive Condominium (EC) Redefining Modern Living in Tengah

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