Executive Condominium (EC) is a special class of residential property in Singapore. Only eligible households whose combined income does not exceed $16,000 can buy an EC. This is because ECs sold by developers are at subsidised prices and is only for first and second timers. Many conditions also apply. To find out if you are eligible for EC, you can reach out to us by clicking on the Blue callout button on the bottom right of the page.
Most of the existing launched executive condo are selling out fast. The last launched Executive Condominium was Parc Greenwich by Frasers. There was strong interests for Parc Greenwich and only 79 units are unsold as of 13 November 2021.
Executive Condominium is attractive to many because it offers Normal Payment Scheme (NPS) and Deferred Payment Scheme (DPS). Additional Buyer Stamp Duty (ABSD) does not apply to EC upgraders. You may contact us via the messaging button below to find out more about Normal Payment Scheme (NPS) and Deferred Payment Scheme (DPS). Resale levy may be applicable if you have sold or own a subsidised public housing such as BTO, DBSS, Executive Condominium or have taken housing grant for your resale HDB.
Some will ask about the difference between an executive condo and condo. An EC will be semi-privatised after 5 years from TOP and it can be resold to Singaporean or Singapore PR buyers. During the first 5 years, it is subjected to HDB regulation where owners are not permitted to rent out or sell during the Minimum Occupation Period (MOP). After 10 years from TOP, an EC will become fully privatised and can be resold even to foreigners. Essentially speaking, there is not much difference for an executive condo or a condo because both are built by private developers and has similar facilities. As of today, EC are built in the Outside Central Region (OCR) or in mass market area. Unlike private condos, they can be built in the Core Central Region (CCR) or Rest of Central Region (RCR).