The Outlook For Executive Condominiums In Singapore

The Executive Condominiums in Singapore are also called 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 to be able to that of the private properties. The ECs are certainly one good way to enjoy luxury living. Their expense is quite affordable to the mass market.

Market and Fourth Avenue Residences Bukit timah selling restrictions

The main difference concerned with the Executive Condominium and the non-public condominium will be the ownership restriction. Owners of the ECs to help fulfil a smaller amount 5 years occupation time. This restriction is similar for the HDB ownership rules. Any EC owner can sell the unit only after 5 connected with occupancy. However, the publication rack limited in order to the Singapore Citizens as well as the Singapore Permanent Residents. Following a EC will acquire its privatized status, it costs nothing to be sold into the foreigners. The privatized status can be acquired after 10 months.

Because the ECs were meant for your use of the local homebuyers who can’t afford the prices of a non-public property and tend to be not legible to acquire new HDB flats, the restrictions were quite upmost. If you are an investor, investing your money in an EC isn’t favorable. The Executive Condominiums are also priced about 25% less than the private condominiums from the same zone. In addition, it is subject to a 99 year leasehold. The ECs are not considered for a freehold home or property.

Benefits of EC buyers

The EC buyers should apply for your CPF Housing grants. The CPF Housing grant has its own set of eligibility considerations. To know if you are eligible, you can inquire for the Singapore govt. The grant ranges from $10,000 to $30,000 but very much dependent on his or her evaluation of one’s household gross income.

The high return of investment among the EC properties are definitely dependent in their location. The facilities provided the ECs are deeper the kind of amenities at the condominiums located close to the area. The Bishan Loft has been considered as one of the top performing ECs. Its proximity to your Bishan MRT station is very appealing towards working class. Besides, it lies close to the Bishan Junction 8 store and the MacRitchie Reservoir Park.

What to buy? EC or BTO?

The ECs are designed by private developers. The potential buyer of ECs are individuals who can afford eco-friendly tea’s health benefits BTO but cannot afford the price for this private residence. The BTOs are being sold set at a subsidized price so a sensational scene to raise cash for an upfront payment amount. The budget and the restrictions belonging to the EC is highly recommended more with care.