The Executive Condominiums in Singapore are also in order to 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 for you to that of the private properties. The ECs is one good way to enjoy luxury living. Their pricing is quite affordable to the mass market.

Market and selling restrictions

The main difference among the Executive Condominium and the individual condominium will be the ownership restriction. Owners of the ECs in order to be fulfil incredibly 5 years occupation occasion. This restriction is similar towards the HDB ownership rules. Any EC owner can sell the unit only after 5 years of occupancy. However, the market is limited in order to the Singapore Citizens as well as the Singapore Permanent Residents. Marriage ceremony EC will acquire its privatized status, it costs nothing to be sold towards foreigners. The privatized status can be acquired after 10 yrs.

Because the ECs were meant for Fourth Avenue Residences Bukit timah the use of the local homebuyers who cannot afford the prices of a person property and are generally not legible to acquire new HDB flats, the restrictions were quite strict. If you are an investor, investing money in an EC is not favorable. The Executive Condominiums are also priced about 25% reduce the private condominiums in the same zone. In addition, it is prone to a 99 year leasehold. The ECs are not considered as being a freehold site.

Benefits of EC buyers

The EC buyers are permitted to apply for that CPF Housing grants. The CPF Housing grant has its own set of eligibility expectations. To know if you are eligible, you can inquire to the Singapore govt. The grant ranges from $10,000 to $30,000 but very much dependent of the evaluation of the household gross income.

The high return of investment on the list of EC properties are definitely dependent in their location. The facilities offered by the ECs are better the form of amenities supplied by the condominiums located in the area. The Bishan Loft has been considered among the top performing ECs. Its proximity to the Bishan MRT station can be quite appealing into the working class. Besides, it lies close to the Bishan Junction 8 retail center and the MacRitchie Reservoir Park.

What get? EC or BTO?

The ECs are created by private web developers. The potential buyer of ECs are individuals who’s going to afford more than a BTO but cannot afford the price associated with private residence. The BTOs are being sold at a subsidized price so you do not have to raise cash the upfront payment amount. The budget and the restrictions belonging to the EC should be considered more completely.