Executive Condominiums (ECs) are a hybrid form of property offering the advantages of both private and public housing.
Designed for the ‘sandwich class’ of Singaporeans, ECs are developed and sold by private developers, yet they are classified as public housing. They offer their first batch of buyers the chance to enjoy condo-style facilities like swimming pools at a subsidised price.
For the first 10 years, ECs are subject to the same restrictions and resale criteria as HDB flats. For instance, owners must fulfil their Minimum Occupation Period (MOP) before being allowed to sell the flat or rent out the entire unit.
Once the 10 years have run their course, however, ECs are privatised, and HDB’s selling restrictions no longer apply.
Thinking about buying an EC and wondering how you will need to go about financing it? Check out our starter video guide.
How to Finance an Executive Condo
Now, let’s check out all the ECs that have received their Temporary Occupation Permit (TOP), and the rest that are currently in construction.
Executive Condos in Singapore (2023)
The above list includes the ECs that have surpassed their MOP dates and 11-year marks which means they are privatised and can be sold to foreigners.
New and Upcoming Executive Condos
|Project name||Expected TOP date|
|Park Central Residences||2025|
What Are the ECs to Consider Buying in 2023
Note: The projects chosen are based on the writer’s discretion, and in no way reflect the opinion(s) of PropertyGuru as a brand. The information shared is for educational purposes only and should not be taken as an endorsement of any sort.
About 60% of the units at Sea Horizon enjoy views of the sea. The property is located on Pasir Ris Drive 3, approximately a 13-minute walk from Pasir Ris MRT station, and about a 10-minute walk from Pasir Ris Beach and various leisure options like Gallop Stable and Wild Wild Wet.
Sea Horizon units, which are currently priced at $1,300,888 to $2,100,000 (based on PropertyGuru listings, accurate as of 22 August 2023) are on the pricey side, but the view makes it worth it for those who want to be close to nature.
Browse Sea Horizon units for sale on PropertyGuru.
Located on Bukit Batok St 21, The Dew enjoys the heartland pleasures of Bukit Batok while having easy access to the lifestyle hub of Beauty World and Upper Bukit Timah. Bukit Batok MRT is located about a 10-minute walk away, while Bukit Timah Nature Reserve can be reached in under 40 minutes on foot.
Current units for sale are priced at about $1,650,000 which works out to a reasonable $1,189 per square foot (PSF).
Browse The Dew units for sale on PropertyGuru.
Located on Ang Mo Kio Avenue 9, Nuovo is one of the rare ECs to be built in a mature estate, just a five-minute walk from Yio Chu Kang MRT station and sports facilities like the Yio Chu Kang ActiveSG Sports Hall and Swimming Complex.
The current price range of $1,550,000 to $2,588,000 isn’t cheap, but is understandable given the neighbourhood and proximity to an MRT station.
Browse Nuovo units for sale on PropertyGuru.
Located about an 11-minute walk from Boon Lay MRT station, Summerdale‘s connectivity will enjoy a boost when the nearby Jurong West MRT station opens in 2027. This EC on Boon Lay Drive benefits from the proximity of the scenic Jurong Lake Gardens, as well as the lively Jurong East shopping district.
Some units are currently available for under $1 million at $929 to $1,046 PSF.
Browse Summerdale units for sale on PropertyGuru.
Waterfront living is in high demand now, and Park Green on Rivervale Link is located just across the water from Punggol Park and also connects via the Sungei Serangoon Park Connector to Lorong Halus Wetland and Coney Island. With Buangkok MRT station just a 10-minute walk away, Park Green enjoys decent connectivity to the rest of Singapore and the Punggol area.
Although available units are priced over $1 million at the moment, the $748 to $951 PSF price is relatively affordable.
Browse Park Green units for sale on PropertyGuru.
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