Executive Condominium (EC) Launches
Executive Condominiums (ECs) in Singapore are hybrid residential properties developed by private developers on government-sold land. Initially regulated by the Housing & Development Board (HDB), ECs are fully privatized 10 years after completion. They offer the exclusivity and amenities of private condominiums at lower prices, making them attractive to middle-income families and first-time homebuyers.
ECs provide potential capital appreciation as they become fully privatized. Additionally, the Deferred Payment Scheme allows buyers to pay 20% upfront and the remaining amount upon receiving the keys, easing the financial burden. Buyers must meet HDB eligibility criteria, including forming a family nucleus, adhering to income ceilings, and observing minimum occupancy periods before selling.
In summary, ECs balance affordability and exclusivity, offering a viable option for those seeking private condominium living at more accessible prices with the potential for future capital gains.
Reach out to us to find the latest upcoming ECs in Singapore, and find your dream home today!