ECs are developed and sold by private developers but are subsidised by the government. As such, while they have condo-like attributes such as swimming pools, gyms, clubhouse, and better design, they are cheaper than private condos.
Singapore ECs are considered HDB properties for the first 10 years, which means they’re bounded by HDB’s rules. These include the 5-year Minimum Occupancy Period (MOP) rule, HDB’s various eligibility schemes, HDB’s selling restrictions, and the resale levy (if you’re buying it from a developer).
Once executive condos (EC) hit their 11th year, they will be privatised – and that’s when they truly shine, as the EC price will because higher and you can sell it to a bigger pool of buyers. Alternatively, renting out privatised condos can also rake in good profits.
Executive Condominium lower land price by developer translated to lower selling. Executive condominium usually priced 20%-30% lower than private condominium.
Executive Condominiums usually located in new URA masterplan township with new amenities in the pipeline plus lower entry price gives you the advantages of buy low sell high.
Up to $30,000 CPF Housing Grant Applicable for First Timer purchasing Executive Condominiums.
Executive Condominium layout are thoughtfully designed to maximise the use of space, creating a comfortable living plus year round access to different lifestyle facilities and social space.
As Executive Condominium are cater for home staying purchasers, ABSD is not applicable but yet you enjoy having two properties at the same period.
After the Minimum Occupation Period (MOP) of 5 years, ECs can be sold to Singaporeans, and after 10 years, they become fully privatized, often resulting in significant capital appreciation.
Only for Executive Condominium that there will be different payment schemes that cater to different group of buyers.
Experienced leading local developers with strong track records in building executive condominiums as private condominiums.
