EXECUTIVE CONDOMINIUM (EC) are build by private developers with parcel land bought from government with leasehold title. It is built to allow HDB upgraders and young couples whose income ceiling are much too high to purchase HDB Build-to-order flats (BTO) and not that affordable to go for a private property. These are the “sandwich” groups that are likely to apply for Executive Condominium (EC).
Most EC are build at locations that are easy transport accessible and with amenities like schools, retails and many more. Prices on sale are much lower as compared to private condominium. They are similar as private condominium that comes with facilities. The new recent launch EC are designed with attactive features and layouts with luxurious facilities to attract more buyers.
These are the reasons that EC are drawing many families to buy. (Eligibility to purchase is based on the time of application with rule set by HDB)
The following privileges** are eligible to buy/apply Executive Condominium.
FAMILY NUCLEUS form as:-
> PUBLIC SCHEME **
Singapore Citizen with Singapore Citizen(SC)/Singapore Permanent Resident(SPR) Spouse/Parents/Children.
> FIANCÉ/FIANCÉE SCHEME **
> JOINT SINGLE SCHEME **
Both SINGLE (related/non-related SC&SC) aged above 35 years old.
1st-Timer or 2nd-Timer intended Buyer,
> Income ceiling capped @ $16,000/- Monthly (exceeding in come ceiling capped needs HDB approval based on case by case appeal).
> Do not own private property in the pass 30 months from date of application/booking.
LATEST NEWS UPDATES:- Income Ceiling for ECs raised to $16,000
Upon reaching 5 years of Minimum Occupation Period (MOP), the whole development is considered a private property.
Like to know your eligibility and on how to apply for one of your preferred type and location?
Submit this form and shall be responding to you once received.
REGISTER YOUR INTEREST TO VIEW ANY EXECUTIVE CONDOMINIUM / CHECK ELIGIBILITY / ENQUIRY, CALL 96462822 FOR MORE INFOMATION.