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Executive Condominiums

 Lake Life

DEVELOPMENT DETAILS INFORMATION
PROJECT NAME : LAKELIFE Executive Condominium

LOCATION :YUAN CHING ROAD

 Brownstone EC

DEVELOPMENT DETAILS INFORMATION
PROJECT NAME : CANBERRA DRIVE
 Executive Condominium

LOCATION : CANBERRA DRIVE

Westwood Residences EC

DEVELOPMENT DETAILS INFORMATION
PROJECT NAME : WESTWOOD RESIDENCES Executive Condominium

LOCATION :WESTWOOD AVENUE 

 Sol Acres News

DEVELOPMENT DETAILS INFORMATION
PROJECT NAME : SOL ACRES Executive Condominium

LOCATION :CHOA CHU KANG GROVE

 The Vales

DEVELOPMENT DETAILS INFORMATION
PROJECT NAME : THE VALES Executive Condominium

LOCATION : ANCHORVALE CRESCENT

The Criterion

DEVELOPMENT DETAILS INFORMATION
PROJECT NAME : THE CRITERION Executive Condominium

LOCATION :YISHUN ST 51

HDB flats house around 80% of the Singapore population, but there is one type of HDB housing that actually has more in common with the private than the public market: Executive Condominiums. We look at the advantages and disadvantages of purchasing this uniquely Singaporean form of housing, ask who’s eligible to purchase, and look at the various rules and regulations concerning ownership. 

What are Executive Condominiums? The HDB website describes them as being “introduced to cater to Singaporeans, especially young graduates and professionals who can afford more than an HDB flat but find private property to be out of their reach. Executive Condominiums are comparable in design and facilities to private condominiums as they are developed and sold by the private developers.” Essentially, an Executive Condominium has most if not all the facilities of most condos but is a 99-year leasehold rather than a freehold.

SUPPLY OF EXECUTIVE CONDOMINIUMS RUNNING OUT! 200 EC UNITS SOLD OUT OVER 1 WEEKS. LEFT 1500 UNITS

BALANCE UNITS AS OF 20/8/17

CRITERION: 159

SIGNATURE YISHUN : 200

SOL ACRES: 12

BROWNSTONE: 14

WESTWOOD: 2

VISIONAIRE : 38

PARC LIFE : 150

NORTHWAVE : 143

INZ : 157

 

 Sea Horizon Executive Condominium

DEVELOPMENT DETAILS INFORMATION
PROJECT NAME : SEA HORIZON Executive Condominium

LOCATION : PASIR RIS DRIVE 3

 

 

 Waterwoods Executive Condominium

DEVELOPMENT DETAILS INFORMATION
PROJECT NAME : WATERWOODS
 Executive Condominium

LOCATION :PUNGGOL FIELD WALK

 

 

DEVELOPMENT DETAILS INFORMATION
PROJECT NAME : SKY PARK RESIDENCES Executive Condominium

LOCATION :SEMBAWANG

 Forestville

DEVELOPMENT DETAILS INFORMATION
PROJECT NAME : FORESTVILLE
 Executive Condominium

LOCATION : WOODLANDS DRIVE 12

 

 

 

 Yuan Ching Lake Life Executive Condominium

DEVELOPMENT DETAILS INFORMATION
PROJECT NAME : YUAN CHING LAKE LIFE Executive Condominium 
  HOT!!!!!

LOCATION :YUAN CHING ROAD

 

 The Amore

DEVELOPMENT DETAILS INFORMATION
PROJECT NAME :THE AMORE Executive Condominium    HOT!!!!! 

LOCATION : PUNGGOL CENTRAL

 Bellewoods

DEVELOPMENT DETAILS INFORMATION
PROJECT NAME :BELLEWOODS
  Executive Condominium

LOCATION : WOODLANDS AVENUE 5

 Northwave Residences

DEVELOPMENT DETAILS INFORMATION
PROJECT NAME : NORTHWAVE RESIDENCES
  Executive Condominium

LOCATION : WOODLANDS VIEW /WOODLANDS AVENUE 12

Twin Fountains

DEVELOPMENT DETAILS INFORMATION
PROJECT NAME : TWIN FOUNTAINS
 Executive Condominium

LOCATION : WOODLANDS AVENUE 6 

 

 


Who is eligible to buy an Executive Condominium? There are a number of criteria purchasers must meet, but first and foremost, Executive Condominium applicants would need to be at least Singapore Citizens or Singapore Citizen + Singapore Permanent Resident combo. They must form a family nucleus, in line with those expected of Public Housing Scheme and their household incomes should not exceed S$14 000per month.
family nucleus


eligibility

What incentive is there to purchase an Executive Condominium? If both applicants are Singapore citizens they are eligible to receive a $30,000 housing grant. If the applicants are a Singapore citizen and a PR, they are eligible to receive $20,000. 

What documentation do applicants need to bring with them to the Application process?
 Generally, the documents required would be their NRICs, birth certificates, marriage certificates, and latest income statements. Check with your HR at work to ensure that the income statements are what is required by HDB.

What are the advantages of purchasing an Executive Condominium ? An Executive Condominium is much more similar to a private condominium, where there are facilities for owners to enjoy, which are usually restricted to residents' usage. In addition, purchasers of EC are able to apply and use the Housing Grant for the purchase of the EC unit, if they are eligible and have not not apply for it previously.

Can you rent out your Executive Condominium? You cannot rent out the EC during the minimum occupation period (MOP) of the first five years. YHou can, however, rent out rooms within the EC during this period.

What are the rules and regulations governing selling an Executive Condominium? Owners would have to fulfil a MOP of five years. No transaction is permitted before this period is fulfilled. After five years, owners can sell their units to Singapore Citizen and/or Singapore Permanent Resident, and after 10 years they can sell to foreigners. Upon selling an EC you must wait 30 months before buying any flat direct from HDB.

 

 

 

CPF Housing Grant for EC Applicants

The CPF Housing Grant is a housing subsidy provided by the government to eligible buyers of Executive Condominiums. The CPF Housing Grant (in the form of CPF Monies and not cash) can be used for the initial payment or to reduce the mortgage loan for the EC purchase.

*Only applicable to first-timers.

 

 

Type of Grant Available

Grant Amount
Average Monthly Household Income <$10,001 Average Monthly Household Income >$10,000 but <$11,001 Average Monthly Household Income >$11,000 but <$12,001
SC / SC Household SC / SPR Household SC / SC Household SC / SPR Household SC / SC Household SC / SPR Household
CPF Housing Grant for Family $30,000 $20,000* $20,000 $10,000* $10,000 $0*
Half Housing Grant
(If you are a first-timer citizen and your spouse has previously enjoyed a housing subsidy)
$15,000 $10,000 $5,000

 

*If you are from an SC/SPR household, you can enjoy the full housing subsidy by applying for the Citizen Top-Up when your SPR partner takes up Singapore Citizenship or when you have an SC child.

Eligibility Conditions:

  • You are a Singapore Citizen. Your family nucleus must comprise of at least another Singapore Permanent Resident or Singapore Citizen.  
  • You are 21 years old and above  
  • You are applying as family nucleus either in one of the following forms:
    • Spouse and children (if any), or  
    • Fiancé/fiancée (must be able to produce your marriage certificate, latest by the date of keys collection), or  
    • Children under your legal custody, care and control (if widowed or divorced)  
  • You and the essential family members listed in the application for purchase of the flat must not:
    • Be the owners of a flat bought direct from HDB, a DBSS flat or an Executive Condominium bought from the developer  
    • Have sold a flat bought direct from HDB, a DBSS flat or an Executive Condominium bought from the developer  
    • Have received the CPF Housing Grant for the purchase of an HDB resale flat  
    • Have enjoyed other forms of housing subsidy (for example, enjoyed benefits under the Selective En bloc Redevelopment Scheme, privatisation of HUDC estate etc)  
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