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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Within 1 Km to ANGLO-CHINESE SCHOOL (PRIMARY) & TENGAH PARK MRT STATION
Executive Condominium TENET EXECUTIVE CONDOMINIUM (TAMPINES) with available units. Click ➡️here For brochures/prices, appointments & enquiries.
Existing available units at NORTH GAIA – EXECUTIVE CONDOMINIUM (YISHUN).
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WELCOME TO REGISTER YOUR INTEREST NOW.
Call or Whatsapp @ 96462822.
Alternatively, welcome to click on the form to submit.
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WHY DO EXECUTIVE CONDOMINIUM APPEAL TO BUYERS?
- A status of achievement
- Necessities within arms’ reach
- Greater upside for capital appreciation
- EC cheaper than other Mass Market Condominium
- Luxurious amenities to enjoy within the development
- Foreigners are not allowed to buy EC directly from developers.
Income ceiling set at $16,000 and MSR of 30% set by the government. As such, EC developers are mindful of the affordability of the buyers who are eligible to purchase an EC.
Lower land costs (compared to mass market land sites). Prices for EC sites seem rather unaffected by the upward spiral of other private residential sites and have risen by a smaller margin. EC lands are mostly bidder by construction firms who are also developer. As such, there is no double layer profit between a developer & a construction firm.
Given these restrictions, EC are typically priced to a discount compared to nearby private condos. In recent months, the demand of new EC has, however, reached new highs, with units oversubscribed at launch.