The Executive Condominiums in Singapore are also in order to as 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 is one good way to enjoy luxury living. Their expenditure is quite affordable to the mass market.

Market and selling restrictions

The main difference between the Executive Condominium and the private condominium will be the ownership restriction. Owners of the ECs in order to be fulfil incredibly 5 years occupation time. This restriction is similar into the HDB ownership rules. Any EC owner can sell the unit only after 5 years of occupancy. However, the publication rack limited and the Singapore Citizens as well as the Singapore Permanent Residents. Marriage ceremony EC will acquire its privatized status, it is free of charge to be sold for the foreigners. The privatized status can be acquired after 10 many years.

Because the ECs were meant for the use for the local homebuyers who can’t afford the prices of a private property and they are not legible to acquire new HDB flats, the restrictions were quite upmost. If you are an investor, Fourth Avenue Residences investing money in an EC is not favorable. The Executive Condominiums are also priced about 25% reduce the private condominiums on the same aspect. In addition, it is prone to a 99 year leasehold. The ECs are not considered being a freehold yard.

Benefits of EC buyers

The EC buyers should apply for the CPF Housing grants. The CPF Housing grant very 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 on the evaluation of one’s household gross income.

The high return of investment among the EC properties are definitely dependent in their location. The facilities on offer at the ECs are much better the associated with amenities offered by the condominiums located near the area. The Bishan Loft has been considered as the top performing ECs. Its proximity on the Bishan MRT station is very appealing towards the working lecture. Besides, it lies close to the Bishan Junction 8 local mall and the MacRitchie Reservoir Park.

What shop for? EC or BTO?

The ECs are made by private developers. The potential buyer of ECs are individuals who’s going to afford eco-friendly tea’s health benefits BTO but cannot pay for the price of a private residence. The BTOs are being sold for the subsidized price so there is no need to raise cash a great upfront payments. The budget and the restrictions for this EC should be considered more completely.