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Singapore New EC Launch

What is an Executive Condominium

Executive Condos (ECs) are first introduced in 1996, it is a fusion of public and private housing. The objective of ECs is targeted to help the middle class SC households, where they do not qualify to buy Build-To- Order (BTO) flats, and are not able to afford hefty private properties. Back in 1996, in order to qualify for BTO flats, household combine income cannot exceed $8000, pricing of private properties were also at its peak. ECs is normally priced about 20%-25% cheaper than private condominiums in today’s market, and have grown popular in the past few years.

ECs are built by private developers and come with facilities like any other condominiums, however, it is governed by HDB rulings, and only buyers who qualified can purchase EC. Similar to BTO, ECs can be sold in the open market after 5 years of minimum occupation period (MOP). ECs can only be sold to foreigners when it is fully privatized after 10 years.

As mentioned by Minister Khaw Boon Wan in Today Newspapers on 27 April 2014, he said that ECs are necessary. ECs safeguards the middle class Singaporeans from competition, and ECs also provides Singaporeans a market-friendly way to own condominiums at affordable prices. It is like offering a Lexus car at a Toyota Corolla price, and only Singaporeans are given this special privilege to buy ECs at its attractive prices.

Find out if you qualified under the EC eligibility conditions.

Click Executive Condominium to see all ECs projects available in the market right now!

 

West Region

New Launch

Inz Residence EC

  iNz Residence EC – What to look forward to Nestled in Singapore’s North-West ...
  iNz Residence EC – What to look forward to Nestled in Singapore’s North-West region, the 99-year lease ...
2BR From $5xxK

Westwood Residences EC

Talk about unique and healthy lifestyle and here is Westwood Residences EC. This developme ...
Talk about unique and healthy lifestyle and here is Westwood Residences EC. This development by KBD Westwood is by ...
Attractive Pricing

Sol Acres EC

Sol Acres EC Singapore’s Largest Executive Condo Sol Acres EC Price From 1BR to 5BR. ...
Sol Acres EC Singapore’s Largest Executive Condo Sol Acres EC Price From 1BR to 5BR. From $370k only Sol Acre ...
Attractive Pricing
Limited Units

Wandervale EC

UNBELIEVABLE PRICING!!! Wandervale EC The Wandervale EC development will have a total of 5 ...
UNBELIEVABLE PRICING!!! Wandervale EC The Wandervale EC development will have a total of 534 residential units in n ...
Near CCK MRT!
Limited Units

Lakelife EC

LakeLife EC is a project developed by Evia Real Estate who won with the highest bid on a p ...
LakeLife EC is a project developed by Evia Real Estate who won with the highest bid on a parcel of land located alo ...
Limited Units Left!

North Region

New Launch

Northwave EC

Special Vicinity Direct Discount From Developer $5,000 for 2BR units $8,000 for 3/4/5BR/PH ...
Special Vicinity Direct Discount From Developer $5,000 for 2BR units $8,000 for 3/4/5BR/PH units Purchasers who res ...
2BR From $5xxK

The Visionaire EC

Enjoy Deferred Payment Scheme!!! + Offering Deferred Payment Scheme At Normal Payment Sche ...
Enjoy Deferred Payment Scheme!!! + Offering Deferred Payment Scheme At Normal Payment Scheme Price For Selected Sta ...
Next to MRT!

The Brownstone EC

The Brownstone EC is an Executive Condominium comprising of 8 blocks of 10-12 storey (tota ...
The Brownstone EC is an Executive Condominium comprising of 8 blocks of 10-12 storey (total 638 units) with landsca ...
Next to MRT!

Signature at Yishun EC

Now Offering Deferred Payment Scheme At Normal Payment Scheme Price! For Limited Period On ...
Now Offering Deferred Payment Scheme At Normal Payment Scheme Price! For Limited Period Only! Book a unit => Pay ...
From $717 PSF Only!
Star Buy

The Criterion EC

Super Attractive Prices from $629k for a 3 Bedroom Unit The Criterion EC showflat open dai ...
Super Attractive Prices from $629k for a 3 Bedroom Unit The Criterion EC showflat open daily from 10am to 7pm! Regi ...
3BR From $629k

Parc Life EC

Parc Life EC showflat open daily from 10am to 7pm! Register with New Launch SG to make an ...
Parc Life EC showflat open daily from 10am to 7pm! Register with New Launch SG to make an appointment today!   ...
Near Sembawang MRT

Bellewoods EC

Experience the beauty of the nature. Enjoy the peace and tranquility of the forest and fea ...
Experience the beauty of the nature. Enjoy the peace and tranquility of the forest and feast your eyes in the wonde ...
Attractive Pricing
Already T.O.P

Skypark Residences EC

Skypark Residences EC is an Executive Condominium slated to have 9 blocks and 15 storey of ...
Skypark Residences EC is an Executive Condominium slated to have 9 blocks and 15 storey of residential homes. It wi ...
Already T.O.P
Already T.O.P

Forestville EC

Forestville EC is comprised of 14 towers each with 13-storey height. This project in execu ...
Forestville EC is comprised of 14 towers each with 13-storey height. This project in executive condominium project ...
Already T.O.P

North-East Region

Upcoming Launch

Hundred Palms Residences EC

Updated: 30 March 2017 ​VVIP Preview Date & Price ​E-Application, Balloting/Booking Of ...
Updated: 30 March 2017 ​VVIP Preview Date & Price ​E-Application, Balloting/Booking Official Showflat Preview: ...
Launching Soon!
T.O.P Soon

The Terrace EC

The Only EC Fronting Punggol Waterway NO RESALE LEVY  DPS Scheme Available @ NPS Prices Fo ...
The Only EC Fronting Punggol Waterway NO RESALE LEVY  DPS Scheme Available @ NPS Prices For All Units! $10,000 or $ ...
Without Resale Levy
T.O.P Soon

The Vales EC

New Superb 3-in-1 Starbuy Promo For Selected 2 BR Units ! Starbuy Discount + Free Fridge & ...
New Superb 3-in-1 Starbuy Promo For Selected 2 BR Units ! Starbuy Discount + Free Fridge & Washer cum Dryer + D ...
Attractive Pricing

Bellewaters EC

A home is where tranquility and peace are found. If convenience, elegance and style come f ...
A home is where tranquility and peace are found. If convenience, elegance and style come forth with it- then the be ...
Attractive Pricing
T.O.P Soon

The Amore EC

The Amore Executive Condominium (EC) is developed by Keong Hong Construction Pte Ltd and M ...
The Amore Executive Condominium (EC) is developed by Keong Hong Construction Pte Ltd and Master Contract Services P ...
Attractive Pricing
Already T.O.P

Waterwoods EC

A new charm is rising in Punggol, an addition to the developments in the area. Waterwoods ...
A new charm is rising in Punggol, an addition to the developments in the area. Waterwoods EC is developed by Sing H ...
Already T.O.P
Already T.O.P

Ecopolitan EC

Experience a true-to-life chic living in the arms of the nature. Never ever compromise you ...
Experience a true-to-life chic living in the arms of the nature. Never ever compromise your lifestyle for the sake ...
Already T.O.P
Already T.O.P

Sea Horizon EC

Located in the Eastern part of Singapore, Sea Horizon EC is an Executive Condominium to be ...
Located in the Eastern part of Singapore, Sea Horizon EC is an Executive Condominium to be built in Pasir Ris Town. ...
Almost T.O.P

ECs Without Resale Levy

 

T.O.P Soon

The Terrace EC

The Only EC Fronting Punggol Waterway NO RESALE LEVY  DPS Scheme Available @ NPS Prices Fo ...
The Only EC Fronting Punggol Waterway NO RESALE LEVY  DPS Scheme Available @ NPS Prices For All Units! $10,000 or $ ...
Without Resale Levy

Bellewoods EC

Experience the beauty of the nature. Enjoy the peace and tranquility of the forest and fea ...
Experience the beauty of the nature. Enjoy the peace and tranquility of the forest and feast your eyes in the wonde ...
Attractive Pricing
Already T.O.P

Skypark Residences EC

Skypark Residences EC is an Executive Condominium slated to have 9 blocks and 15 storey of ...
Skypark Residences EC is an Executive Condominium slated to have 9 blocks and 15 storey of residential homes. It wi ...
Already T.O.P
Already T.O.P

Waterwoods EC

A new charm is rising in Punggol, an addition to the developments in the area. Waterwoods ...
A new charm is rising in Punggol, an addition to the developments in the area. Waterwoods EC is developed by Sing H ...
Already T.O.P
Limited Units

Lakelife EC

LakeLife EC is a project developed by Evia Real Estate who won with the highest bid on a p ...
LakeLife EC is a project developed by Evia Real Estate who won with the highest bid on a parcel of land located alo ...
Limited Units Left!
Already T.O.P

Ecopolitan EC

Experience a true-to-life chic living in the arms of the nature. Never ever compromise you ...
Experience a true-to-life chic living in the arms of the nature. Never ever compromise your lifestyle for the sake ...
Already T.O.P
Already T.O.P

Sea Horizon EC

Located in the Eastern part of Singapore, Sea Horizon EC is an Executive Condominium to be ...
Located in the Eastern part of Singapore, Sea Horizon EC is an Executive Condominium to be built in Pasir Ris Town. ...
Almost T.O.P
Already T.O.P

Forestville EC

Forestville EC is comprised of 14 towers each with 13-storey height. This project in execu ...
Forestville EC is comprised of 14 towers each with 13-storey height. This project in executive condominium project ...
Already T.O.P

Bellewaters EC

A home is where tranquility and peace are found. If convenience, elegance and style come f ...
A home is where tranquility and peace are found. If convenience, elegance and style come forth with it- then the be ...
Attractive Pricing
T.O.P Soon

The Amore EC

The Amore Executive Condominium (EC) is developed by Keong Hong Construction Pte Ltd and M ...
The Amore Executive Condominium (EC) is developed by Keong Hong Construction Pte Ltd and Master Contract Services P ...
Attractive Pricing

Already T.O.P / T.O.P Soon

Limited Units

Lakelife EC

LakeLife EC is a project developed by Evia Real Estate who won with the highest bid on a p ...
LakeLife EC is a project developed by Evia Real Estate who won with the highest bid on a parcel of land located alo ...
Limited Units Left!
Already T.O.P

Ecopolitan EC

Experience a true-to-life chic living in the arms of the nature. Never ever compromise you ...
Experience a true-to-life chic living in the arms of the nature. Never ever compromise your lifestyle for the sake ...
Already T.O.P
Already T.O.P

Sea Horizon EC

Located in the Eastern part of Singapore, Sea Horizon EC is an Executive Condominium to be ...
Located in the Eastern part of Singapore, Sea Horizon EC is an Executive Condominium to be built in Pasir Ris Town. ...
Almost T.O.P

Bellewaters EC

A home is where tranquility and peace are found. If convenience, elegance and style come f ...
A home is where tranquility and peace are found. If convenience, elegance and style come forth with it- then the be ...
Attractive Pricing
T.O.P Soon

The Amore EC

The Amore Executive Condominium (EC) is developed by Keong Hong Construction Pte Ltd and M ...
The Amore Executive Condominium (EC) is developed by Keong Hong Construction Pte Ltd and Master Contract Services P ...
Attractive Pricing
T.O.P Soon

The Vales EC

New Superb 3-in-1 Starbuy Promo For Selected 2 BR Units ! Starbuy Discount + Free Fridge & ...
New Superb 3-in-1 Starbuy Promo For Selected 2 BR Units ! Starbuy Discount + Free Fridge & Washer cum Dryer + D ...
Attractive Pricing

Bellewoods EC

Experience the beauty of the nature. Enjoy the peace and tranquility of the forest and fea ...
Experience the beauty of the nature. Enjoy the peace and tranquility of the forest and feast your eyes in the wonde ...
Attractive Pricing
T.O.P Soon

The Terrace EC

The Only EC Fronting Punggol Waterway NO RESALE LEVY  DPS Scheme Available @ NPS Prices Fo ...
The Only EC Fronting Punggol Waterway NO RESALE LEVY  DPS Scheme Available @ NPS Prices For All Units! $10,000 or $ ...
Without Resale Levy

Executive Condos Vs Private Condos

A financially beneficial option for Singaporean first time home buyers in the increasingly popular Executive Condominium (EC). The public as a whole has really taken to Executive Condominiums as they are the perfect solution for what’s known locally as the “Sandwich class”. For those who earn less, they qualify for the HDB system, for those who earn more will have the finances available to invest in a condo. For the middle category of Singaporeans, they have the EC options available.

Looking into this a little deeper. For those who have finances that fall between possibly using the HBD system and the Executive Condo option, the choice is straight forwards. The EC offers a lot more quality and you have the option to invest in a home that’s going to be worth a lot more over the 5 or 10 years. However, for those future homeowners who earn more money and are in the position to consider either an EC or private Condo then the decision is a little more complicated. We’re going to explore the option a little more to help those people who are considering the two options make an informed decision.

Click Here To Read More

The Foundations of the Executive Condominium

There are some requirements you need to meet to qualify for an Executive Condominium, it does have some strings attached. We’ll go into detail shortly but initially, it’s important to understand that a large proportion of potential applicants don’t meet the requirements to successfully apply for an Executive Condominium.

Here are some of the more important requirements you need to meet to be eligible:

  • Total household income should not exceed $14,000.
  • You are required to be a Singaporean citizen.
  • You can be the owner of property
  • You are not allowed to have owned property over the last 30 months, either in Singapore or abroad.
  • You can’t have owned more than one HDB or DBSS property. Additionally, you are only allowed to have owned 1 Executive Condo previously.

executive condo, executive condo singapore, executive condominiums singapore, executive condo in singapore, executive condo income ceiling, executive condo launch 2017There are 4 schemes available and you need to meet the requirements of one of these themes to be eligible The first is the Public Scheme: It takes a variety of forms, you can apply for your spouse and any children you may have. Additionally, you can apply with your parents or just your children, depending on your current family situation.

There are 2 variation schemes called the Single Scheme and the Fiance Scheme. Both are pretty clear if you are single or you are engaged to get married then these are the right schemes for you. The final scheme is Orphan Scheme. There is a scheme if you’re an orphan and you’re applying with a sibling, aptly named Orphan Scheme.

Within these schemes, there are some additional requirements that include the need to be 35 years older when applying for the Single Scheme whereas for other schemes the age requirement starts at 21 years old. When making an application for the Orphan, fiance and Public scheme the co-applicant also needs to be a Singaporean citizen or a permanent resident at a minimum.

Some background information on Executive Condos There have been high-quality private condos making up the Singapore skyline for well over 45 years. In fact, since the early 70’s there have been private condos available offering world class amenities to its residents.

On the other hand, Executive Condominiums are pretty new to the Singapore scene. They started appearing on the skyline from the 90s.

The Singaporean government has adopted a policy that favours home ownership. At the same time, they had the policy to develop a strong middle class and needed a strong foundation of housing for the increasingly affluent Singaporean middle class. This was how the Executive Condominium strategy was born, to bridge the divide between the public and private sectors property options.

How are Private condos and Executive condos similar?

executive condo in punggol, executive condo price, executive condo eligibility, executive condo for sale, 5 years old executive condominium, executive condo in sengkang, executive condo price rangeThere are similarities between private condos and ECs. Most of them are related to the build quality and amenities and features that both offer. They are both built to an extremely high standard. They both have facilities that include swimming pools, private parks, tennis courts, security around the clock and manicured landscaping. They have to. The process is to give up and coming Singaporeans a mini step onto the private condo property ladder.

There are some strings

There are some major strings attached once you’ve met the requirements needed for a successful application for EC.

Executive Condos are both an option to own a high quality and an opportunity to get on the property ladder, but they are not a quick route to an easy return on investment. You have to own and live in the Condominium for a minimum of 5 years before you can sell the property and even then there are some restrictions. For example, you are only allowed to sell the property to a Singaporean or a permanent resident.

How Executive Condos are made to be affordable

executive condo resale, executive condo resale levy, executive condo top 2017, executive condo vs condo, 5 year old executive condo for sale, executive condo hdb, executive condo in woodlandsIf you’re new to Executive Condos, or you’ve never really taken the time to dissect how they work, then you might have pondered how developers are able to build a condo with the same build quality and level of finishing as you’d find with private developments, but sold at a significantly lower price.

They work because the sale of land is subsidized by the government. They plan and tender the land to developers that are aware the land is to be sold at a reduced price and the whole process is controlled.

The Financial Incentive

Although ECs are protected against becoming a short term investment opportunity, they do offer a significant opportunity for investment in the long term. After 10 years they become private condos and as such as subject to market prices. In other words, you get to buy it at a drastically reduced price, live in high-quality accommodation for 10 years, and then sell the condo at a later date for a significant profit.

In other words, for professionals looking to get on the property market, they can qualify for and purchase a property that allows them to make that first step onto the property and as they develop in their career, they are in a great position to make the step onto the private condo market.

In Summary

executive condo in yishun, executive condo launch 2016, list of executive condominiums singapore, resale executive condo eligibility, executive condo in tampines, executive condo price listThere are a lot of significant advantages for choosing to take the Executive Condominium route onto the property market. Assuming you meet the criteria to be allowed to purchase an EC then you get to live in a condominium that has all the same facilities you’d expect to find in a high-quality private condo. 24/7 security, swimming pool, fitness facilities like tennis courts and a gym. All for a significantly lower price.

After 5 or 10 years, you are able to sell the property at the current market price for private condos which represents a significant return on your investment. Being restricted for possibly 10 years is not something some potential home buyers would be interested in committing to, however, if you are, it’s the ideal pathway onto the Singapore property market.

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