Explore The EC Benefits
Find Out Whether Executive Condo (EC) Is Worth Buying
Many attractive EC Benefits cause Executive Condo to become so popular and high in demand for all these years.
- Executive Condo projects are designed and built by private developers. Therefore, you can expect executive condos also come with a great floor plan layout, quality finishing and thoughtful facilities, as good as those offered by the private condo.
- The government will sell the land (reserved for executive condo projects) to private developers at lower prices. Therefore, the price for EC is generally lower than a private condominium. Which means EC buyers will be able to enjoy a much lower purchase price for high-quality EC. It is indeed, value for money.
- If you are first-timer applicants, you are eligible to enjoy up to $30,000 ($30,000 / $20,000 / $10,000) in CPF Housing Grant.
- Executive Condo unit can be sold under private condo status after five years to Singapore Citizens and Singapore Permanent Residents, to foreigners or corporate entities after ten years. The privatization is automatic, and it offers an upside push factors for the selling prices.
- Executive condos come with a more spacious layout with a lower price per square foot (PSF), which will attract a larger pool of potential buyers (HDB upgraders and private residential downgrader) to tap on in the future. Resale ECs are likely to be sold at a good profit margin with potentially higher capital appreciation in the future.
- Executive Condo offers an excellent rental yield. With quality finishing, efficient layout and thoughtful facilities like a private condo, the landlord can demand a decent rental, yet with a lower capital outlay.
