What are Executive Condominiums (EC)?

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.

Current EC

Latest Availability As At 24th January 2022

Project Name (Location)
Developer
Estimated TOP Date
Type Available
Price From
Piermont Grand (Sumang Walk)
CDL
February 2023
FULLY SOLD
-
Parc Canberra (Canberra Walk)
Hoi Hup
September 2023
FULLY SOLD
-
OLÁ (Anchorvale Crescent)
Evia
September 2024
4 Bedroom
$1,596,000
Parc Central Residences (Tampines Ave 10)
Hoi Hup
3rd Quarter 2023
FULLY SOLD
-
Provence Residence (Canberra Crescent)
MCC Land
April 2026
3 / 4 Bedroom
$1,036,000
Parc Greenwich (Fernvale Lane)
Frasers Property
June 2026
3 / 4 Bedroom
$1,144,000

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Upcoming EC

Project Name (Location)
Developer
Award Date
Land Price
Price Per Plot Ratio
Estimated Units
North Gaia (Yishun Avenue 9)
Sing Holdings Limited
29 October 2020
$373.5 million
$576 psf ppr
617 units
Tengah Garden Walk
Taurus Properties SG Pte Ltd
3 June 2021
$400.32 million
$603 psf ppr
~620 units
Tampines Street 62 (Parcel A)
Qingjian Realty Pte Ltd
3 August 2021
$422 million
$659 psf ppr
~590 units
Tampines Street 62 (Parcel B)
TBA
TBA
TBA
TBA
TBA
Bukit Batok West Avenue 8
TBA
TBA
TBA
TBA
TBA
Bukit Batok West Avenue 5
TBA
TBA
TBA
TBA
TBA

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