The Outlook For Executive Condominiums In Singapore

The Executive Condominiums in Singapore are also known 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 is one good way to enjoy luxury living. Their prices are quite affordable to the mass market.

Market and selling restrictions

The main difference involving the Executive Condominium and Fourth Avenue Residences in which you condominium may be the ownership reduction. Owners of the ECs to be able to fulfil a minimum of 5 years occupation period. This restriction is similar to your HDB ownership rules. Any EC owner can sell the unit only after 5 numerous occupancy. However, the information mill limited only to the Singapore Citizens and the Singapore Permanent Residents. After the EC will acquire its privatized status, it is provided for free to be sold towards foreigners. The privatized status can be acquired after 10 some time.

Because the ECs were meant for that use with the local homebuyers who cannot afford the prices of a personal property and they are not legible to acquire new HDB flats, the restrictions were quite stringent. If you are an investor, investing money in an EC isn’t favorable. The Executive Condominiums are also priced about 25% lower the private condominiums in the same aspect. In addition, it is susceptible to a 99 year leasehold. The ECs are not considered as being a freehold home or property.

Benefits of EC buyers

The EC buyers are allowed to apply for your CPF Housing grants. The CPF Housing grant possesses its own set of eligibility criteria. To know if you are eligible, you can inquire towards Singapore presidency. The grant ranges from $10,000 to $30,000 but very much dependent on his or her evaluation of the household revenues.

The high return of investment on the list of EC properties are definitely dependent over their location. The facilities provided the ECs are deeper the associated with amenities presented the condominiums located in the area. The Bishan Loft has been considered as one of the top performing ECs. Its proximity to the Bishan MRT station rrs incredibly appealing to the working type. Besides, it lies close to the Bishan Junction 8 store and the MacRitchie Reservoir Park.

What to buy? EC or BTO?

The ECs are manufactured by private web developers. The potential buyer of ECs are individuals that afford eco-friendly tea’s health benefits BTO but cannot give the price associated with private house. The BTOs are being sold at a subsidized price so there is no need to raise cash the upfront payment. The budget and the restrictions among the EC might be of interest more meticulously.