Executive Condominium (EC), known as the “sandwich flat”, is a hybrid of public-private housing catered for middle-income Singaporeans who don’t qualify for a HDB Build-To Order (BTO) flat due to the income ceiling cap, but still consider private condominiums too expensive in Singapore. Thus Executive Condos fulfills the rising aspirations of Singaporeans to live in private properties.
Executive Condominium (EC) units are launched and sold by private developers but are subsidised by the government. Buyers can take Central Provident Fund (CPF) grants to pay for an EC bought from a developer. As such, while ECs have condo-like attributes such as swimming pools, gyms, clubhouse and better design, they are cheaper compared to private condominium.
The flip side of being a hybrid development however, is that Executive Condos are considered HDB properties for the first 10 years, which means they’re bounded by HDB’s rules. These include the 5-year Minimum Occupancy Period (MOP) rule, HDB’s various eligibility schemes such as citizenship, age, income, and property ownership, HDB’s selling restrictions and the resale levy (if you’re buying it from a developer).
However, once ECs hit their 11th year, they will be privatised – and that’s when they truly shine; because now you can sell it to a bigger pool of buyers, including foreigners.
Latest Availability As At 25th September 2022
|Piermont Grand (Sumang Walk)|
|Parc Canberra (Canberra Walk)|
|OLÁ (Anchorvale Crescent)|
|Parc Central Residences (Tampines Ave 10)|
|Provence Residence (Canberra Crescent)|
|Parc Greenwich (Fernvale Lane)|
|North Gaia (Yishun Avenue 9)|
Latest Updates on Government Land Sales (Source: HDB)
|Copen Grand (Tengah Garden Walk)|
|Tenet (Tampines Street 62 - Parcel A)|
|Bukit Batok EC (Bukit Batok West Avenue 8)|
|Tampines Street 62 (Parcel B)|
|Bukit Batok West Avenue 5|