Questions and answers

How many EC are there in Singapore?

How many EC are there in Singapore?

All 66 Completed Executive Condos (ECs) in Singapore and Where You Can Find Them (Prices Included) Executive Condominiums (ECs) are a hybrid form of property offering the advantages of both private and public housing.

Which is the first EC in Singapore?

Executive Condominium, or EC, is a type of public housing in Singapore. First built in 1999, EC is a hybrid of public and private housing.

How much is new EC in Singapore?

Depending on the floor area, a typical 3-bedder EC can cost from $800,000+ to $1.2 million. For example, for a recent EC launch–Parc Central Residences at Tampines Avenue 10—the 3-bedroom units are priced at around $956,000 to $1,069,000.

Is it worth buying EC in Singapore?

ECs can be a better investment choice compared to private condominiums, as they are usually sold for around the same price as private apartments in the resale market even though EC is purchase with grants (subsidized housing). EC is treated as HDB property for 10 years.

Can single buy EC after 5 years?

Can Single PR Buy Resale EC After 5 Years? Yes, you can buy a resale EC after MOP.

Can single buy new EC?

Unfortunately, a single citizen can’t buy a new EC unit alone. However, he or she can opt to purchase a resale EC or even a private condo if it’s within the budget. As a single, you may purchase a resale EC or private condo.

Can I sell my EC before 5 years?

Sale of EC ECs can only be sold in the open market after the 5-year MOP (from TOP date) has been met.

Can PR buy EC after 5 years?

Can 2 PR siblings buy HDB?

Can Two PRs Buy An HDB Flat? PR households can only buy resale HDB flats.

Can I buy a resale EC if I own a HDB?

Can I get a new EC if I used to/ still own an HDB flat, DBSS flat, or EC? Yes, provided that you only own/ owned 1 of the following units prior to your application: EC/ DBSS flat bought from the developer. HDB resale flat bought using a CPF Housing Grant (only applies to first-timer applicants)

What happened to EC after 5 years?

Executive Condominium or EC will reach their Minimum Occupation Period (MOP) after 5 years and will be fully privatised after 10 years from TOP (Temporary Occupation Permit). If you are an EC owner, this means that at minimum, you can only sell your EC after 5 years. There is really no BEST TIME to selling your EC.

Where are the new ECS being built in Canberra?

This new EC launch by MCC Land will be located just 300m from the upcoming Canberra MRT station, right next door to the Sembawang Park Connector and the brand new Canberra Plaza in a new residential area located between Sembawang and Yishun. The project consists of 2- to 5-bedroom units, including some 2- and 3-bedroom units with studies.

When is the new launch EC coming out?

Although the launch dates have not been released yet, there are a few other EC sites that have been snapped up by developers. If they are not ready as a new launch EC in 2021, they’ll likely be ready in 2022.

Who was awarded first EC site in Tengah?

SINGAPORE – The first executive condominium (EC) site in the “forest town” Tengah has been awarded to Taurus Properties SG for $400,318,000, the Housing Board announced on Thursday (June 3).

Can a Singapore citizen buy an EC property twice?

In essence, an eligible Singapore Citizen is allowed to buy the above properties twice in total, not twice per type of property. If you have already bought 2 such properties, you will not be eligible to apply for an EC or be listed as an essential occupier in an application. Check out our latest upcoming sales launches.