Known as the “sandwich flat”, an Executive Condominium (EC) is a public-private housing hybrid catered for middle-income Singaporeans who don’t qualify for an HDB flat due to the income ceiling cap, but still consider private condominiums too expensive.
ECs are developed 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 they have condo-like attributes such as swimming pools, gyms, clubhouse and better design, they are cheaper compared to private condos.
The flip side of being a hybrid development however, is that ECs 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 26th May 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)
|Tengah EC (Tengah Garden Walk)|
|Tampines EC (Tampines Street 62 - Parcel A)|
|Bukit Batok West Avenue 8|
|Tampines Street 62 (Parcel B)|
|Bukit Batok West Avenue 5|