Thursday, 20 June 2013

Introduction to Executive Condominium

Executive Condominium (EC) were introduced to cater to Singaporeans, especially young graduates and professionals who can afford more than an HDB flat but find private property out of their reach.
ECs are comparable in design and facilities to private condominiums as they are developed and sold by private developers.

In Singapore, as of today (19th June 2013) there are a total of 23 Executive Condominiums that have been completed. Owners may sell their apartment in the open market after complying with the required Minimum Occupation Period from the Temporary Occupation Period (MOP) Date
There are 15 available EC Projects that has been launched recently (end 2012 till now). Another 6 sites are confirmed for sales.