The Executive Condominiums in Singapore are also in order to as EC. In the past years, these HDB flats and hybrid of private property have been becoming popular among the local real estate buyers. The amenities offered by the ECs are usually in order to that of the private properties. The ECs are one good way to enjoy luxury living. Their pricing is quite affordable to the mass market.

Market and selling restrictions

The main difference concerned with the Executive Condominium and an individual can condominium is the ownership reduction. Owners of the ECs to be able to fulfil a smaller amount 5 years occupation period. This restriction is similar into the HDB ownership rules. Any EC owner can sell the unit only after 5 years of occupancy. However, the information mill limited and the Singapore Citizens as well as the Singapore Permanent Residents. Following a EC will acquire its privatized status, it is provided for free to be sold towards foreigners. The privatized status can be acquired after 10 yrs.

Because the ECs were meant for the use of your local homebuyers who can’t afford the prices of a person property and are also not legible to acquire new HDB flats, the restrictions were quite strict. If you are an investor, investing cash in an EC isn’t favorable. The Executive Condominiums are also priced about 25% reduce the private condominiums on the same zone. In addition, it is governed by a 99 year leasehold. The ECs are not considered like a freehold yard.

Benefits of EC buyers

The EC buyers are allowed to apply for Fourth Avenue Residences Bukit timah that CPF Housing grants. The CPF Housing grant has many set of eligibility measures. To know if you are eligible, you can inquire to the Singapore government. The grant ranges from $10,000 to $30,000 but very much dependent around evaluation of your household revenues.

The high return of investment one of several EC properties are definitely dependent on his or her location. The facilities offered by the ECs are deeper the regarding amenities offered by the condominiums located near the area. The Bishan Loft has been considered as one of the top performing ECs. Its proximity to the Bishan MRT station can be quite appealing to the working class. Besides, it lies close to the Bishan Junction 8 nearby mall and the MacRitchie Reservoir Park.

What get? EC or BTO?

The ECs are made by private developers. The potential buyer of ECs are individuals to afford higher than a BTO but cannot give the price of one’s private apartment. The BTOs are being sold to the subsidized price so to be able to to raise cash to upfront charge. The budget and the restrictions for this EC is highly recommended more properly.