EXECUTIVE CONDOMINIUM (EC) in Singapore came with Minimum Occupation Period (MOP) of five years before they can be sold on the open market. Between the 6th & 10 years, only Singaporeans (SC) and Singaporean Permanent Residents (SPR) can purchase them, while Foreigners can only do so from the 11th year.
Findings show that EC is a practical alternative to private condominium. They augur well for the EC market and buyers will feel even more confident that EC are reasonable investments to commit to. Upon after 5 years of MOP, prices rose in tandem with private condominium and even surpassed new EC.
There are several Executive Condominium launched for sale in parts of Singapore. Followings are some related articles on EC launches. Hope that these could help you on your decision to select your dream home.
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