Asked by Gary Loke
What is a EC? If I buy a EC from selling a 4-room flat, is that deem as upgrade?
68 views
7 Answers
Hi Gary, EC stands for Executive condominium developed by private developers and will have the similar guidelines as HDB housing. Do contact me at 97970200
to understand and discuss more on your plans.
Mark, your RIGHT choice
Propnex Read More
Mark, your RIGHT choice
Propnex Read More
Hi Gary,
EC stands for executive condominium. Yes from HDB to EC, it is also considered upgrading as EC is similar to private condo in some ways like design, facilities and localities. A good mix of these categories can be found in the Punggol Sengkang area. May I know if your MOP of 5 years has been fulfilled?
May I have more info and requirements about your plans so to make better recommendations? Thanks and look forward to value-add to your housing plans.
Warm Regards,
Ivan Ng Realtor
ERA Senior Marketing Director
ERA Diamond Achiever
ERA Top 11 Achiever in June 2020 (Top 1% Company Level)
ERA Top 91 Achiever in 2nd Quarter 2020 (Top 2% Company Level)
ERA Top 15 Achiever in April 2019 (Top 1% Company Level)
ERA Top 86 Achiever in Sept 2019 (Top 2% Company Level)
ERA Top 510 Achiever in Year 2019 (Top 8% Company Level)
SMU BBM (Finance), Magna Cum Laude
Proactive. Sincerity. Feedback.
Contact: (+65) 97432395
Email: Ivanng10@gmail.com
IG: instagram.com/ivanngrealtor
WeChat: ivanng10
FB: fb.com/IvanNgRealtor
W: ivanng10.com/clientreviews
(Client's Testimonials)
CEA: R052114D
**Note: We are not prompted when you respond here, hence please get in touch directly. Look forward to hear from you soon! **
-- EC Sellers, Private Property Buyers Dr. Chan & Ms. Xie --
I would like to compliment Mr Ivan Ng for his professional work and effort.I sent my first post in Jan 2019 and Ivan replied promptly, so I have decided to contact Ivan for follow up. My EC was not ready for sale due to MOP (another 3 months from Jan) at that time and Ivan was able to give me advices on how to proceed from there. Initially we have decided to try to write to HDB for early sale but since it was only 3 months left, eventually we waited for another 3 months while we looked for our next property. Ivan was able to arrange for new property showroom appointment at a timely manner while helping us to list for our EC for sale. We were a bit worried when our EC sale time was longer than expected due to trade war, but Ivan was able to reassure us that our EC would sell. By November, he managed to secure a buyer for our EC. Thank you.
-- HDB Yishun BTO 5-RM Sellers, Private Property Upgraders Mr. & Mrs. Koh --
I would like to express my appreciation to Ivan Ng for his excellent work. Ivan is a dedicated, client-focused, patient and sincere agent. Throughout the whole process of selling and looking for our next property, he has always acted very professionally that makes my wife and I feel at ease and assured. Ivan is not a pushy and hard sales agent. Ivan listens and understands our needs and carefully guided us through. We are fortunate to have Ivan as our agent. Thank you Ivan. Read More
EC stands for executive condominium. Yes from HDB to EC, it is also considered upgrading as EC is similar to private condo in some ways like design, facilities and localities. A good mix of these categories can be found in the Punggol Sengkang area. May I know if your MOP of 5 years has been fulfilled?
May I have more info and requirements about your plans so to make better recommendations? Thanks and look forward to value-add to your housing plans.
Warm Regards,
Ivan Ng Realtor
ERA Senior Marketing Director
ERA Diamond Achiever
ERA Top 11 Achiever in June 2020 (Top 1% Company Level)
ERA Top 91 Achiever in 2nd Quarter 2020 (Top 2% Company Level)
ERA Top 15 Achiever in April 2019 (Top 1% Company Level)
ERA Top 86 Achiever in Sept 2019 (Top 2% Company Level)
ERA Top 510 Achiever in Year 2019 (Top 8% Company Level)
SMU BBM (Finance), Magna Cum Laude
Proactive. Sincerity. Feedback.
Contact: (+65) 97432395
Email: Ivanng10@gmail.com
IG: instagram.com/ivanngrealtor
WeChat: ivanng10
FB: fb.com/IvanNgRealtor
W: ivanng10.com/clientreviews
(Client's Testimonials)
CEA: R052114D
**Note: We are not prompted when you respond here, hence please get in touch directly. Look forward to hear from you soon! **
-- EC Sellers, Private Property Buyers Dr. Chan & Ms. Xie --
I would like to compliment Mr Ivan Ng for his professional work and effort.I sent my first post in Jan 2019 and Ivan replied promptly, so I have decided to contact Ivan for follow up. My EC was not ready for sale due to MOP (another 3 months from Jan) at that time and Ivan was able to give me advices on how to proceed from there. Initially we have decided to try to write to HDB for early sale but since it was only 3 months left, eventually we waited for another 3 months while we looked for our next property. Ivan was able to arrange for new property showroom appointment at a timely manner while helping us to list for our EC for sale. We were a bit worried when our EC sale time was longer than expected due to trade war, but Ivan was able to reassure us that our EC would sell. By November, he managed to secure a buyer for our EC. Thank you.
-- HDB Yishun BTO 5-RM Sellers, Private Property Upgraders Mr. & Mrs. Koh --
I would like to express my appreciation to Ivan Ng for his excellent work. Ivan is a dedicated, client-focused, patient and sincere agent. Throughout the whole process of selling and looking for our next property, he has always acted very professionally that makes my wife and I feel at ease and assured. Ivan is not a pushy and hard sales agent. Ivan listens and understands our needs and carefully guided us through. We are fortunate to have Ivan as our agent. Thank you Ivan. Read More
Hi Gary,
1) EC aka Executive Condominium is a type of housing that replaced HUDC (Housing and Urban Development Company).
2) HUDC was set up in 1974 to provide housing for middle-income households who did not qualify for HDB flats and yet could afford private homes in Singapore.
3) You may classify this as a sandwich layer between HDB flats and private residences.
4) EC is designed, built, and sold by a private developer. But the buyer must be eligible under the HDB policy. Mainly for only the SC families.
5) All ECs were designed according to the private residences with condo facilities.
6) The buyers who bought EC from the developer have to satisfy a minimum of 5 yrs period from TOP before being allowed to be sold in the open market. And this is restricted to selling to SC or SPR, foreigners are not allowed to purchase these ECs until they reached 10 yrs from TOP.
7) ECs have the designed and built exactly like the private residences and with all the facilities; swimming pool, gym, greenery within the premise & security guards sentry, etc.
8) It owns the same status as a private residence after 10 yrs from TOP, meaning it is open to selling to any nationality just like a private residence.
9) Compare to HDB flat, it is definitely an upgrade from public housing to private housing with a lower premium.
10) Due to the stable property environment in Singapore. EC growth is moderate and will not see a spur in capital appreciation similar to the private.
11) As the quantum is lower than private thus the growth is also lower.
Hope the above answer your main concerns, but if there are more query, please feel free to contact me at 90110636 , or email: ling.ck7@gmail.com if more information is needed.
I'll be glad to assist.
Best regards
Ling CK
90110636
ling.ck7@gmail.com
https://R056727F.propnex.net/
https://www.facebook.com/Homesellerbuyer
Note:
Any response to our answer does not reach us.
The best way to get a follow-up is to Whatsapp or email us directly. Read More
1) EC aka Executive Condominium is a type of housing that replaced HUDC (Housing and Urban Development Company).
2) HUDC was set up in 1974 to provide housing for middle-income households who did not qualify for HDB flats and yet could afford private homes in Singapore.
3) You may classify this as a sandwich layer between HDB flats and private residences.
4) EC is designed, built, and sold by a private developer. But the buyer must be eligible under the HDB policy. Mainly for only the SC families.
5) All ECs were designed according to the private residences with condo facilities.
6) The buyers who bought EC from the developer have to satisfy a minimum of 5 yrs period from TOP before being allowed to be sold in the open market. And this is restricted to selling to SC or SPR, foreigners are not allowed to purchase these ECs until they reached 10 yrs from TOP.
7) ECs have the designed and built exactly like the private residences and with all the facilities; swimming pool, gym, greenery within the premise & security guards sentry, etc.
8) It owns the same status as a private residence after 10 yrs from TOP, meaning it is open to selling to any nationality just like a private residence.
9) Compare to HDB flat, it is definitely an upgrade from public housing to private housing with a lower premium.
10) Due to the stable property environment in Singapore. EC growth is moderate and will not see a spur in capital appreciation similar to the private.
11) As the quantum is lower than private thus the growth is also lower.
Hope the above answer your main concerns, but if there are more query, please feel free to contact me at 90110636 , or email: ling.ck7@gmail.com if more information is needed.
I'll be glad to assist.
Best regards
Ling CK
90110636
ling.ck7@gmail.com
https://R056727F.propnex.net/
https://www.facebook.com/Homesellerbuyer
Note:
Any response to our answer does not reach us.
The best way to get a follow-up is to Whatsapp or email us directly. Read More
1
Hi Gary,
I would be most glad to assist you further and please feel free to let me know if you need any assistance. Have a good day ahead. By the way, yes that is deem as an upgrade.
Regards
Aaron Chong
9730 8455
aaronchong2774@yahoo.com.sg Read More
I would be most glad to assist you further and please feel free to let me know if you need any assistance. Have a good day ahead. By the way, yes that is deem as an upgrade.
Regards
Aaron Chong
9730 8455
aaronchong2774@yahoo.com.sg Read More
Hi Gary,
EC are built by private developers and are similar to private condos. For brand new ECs, the buyers must satisfy certain criteria such as their household income must be less than 16k in order to be able to purchase. EC will fully privatize after 10 years and its status will be similar to a private condo.
Changing from a 4 room flat to an EC is considered as upgrade as private properties tend to retain their value better in the long run. I have personally assisted many of my clients to upgrade from a HDB to a private condo. I will be happy to help you to work out your finances to determine whether it is a comfortable move and also help you plan out the timeline so that you can transit smoothly and seamlessly from one property to another.
Please feel free to contact me so that I can assist you further!
Regards,
Nick Tan
(M) +65 9644 4854
B.Eng(Chemical)(Hons)(NUS) / Cert-in-REA
(E) nick96444854@gmail.com
SEAA Salespersons Achievement Platinum Award 2020
Visit my website to get to know me better:
www.nicktan.com.sg
I was featured recently on Council for Estate Agencies (CEA) Newsletter:
http://bit.ly/CEAnews
Testimonial from Satisfied Clients
“I would like to recommend Nick Tan from SRI. Before we engaged Nick, we were working with another agent from a very popular property agency in February 2017. We decided to terminate the contract after 5 weeks of zero viewings and no paper advertisements. Basically he was just waiting for phone calls. We engaged Nick on 20th April and by 10th of May, our unit was sold off. Why Nick? 1. He has good marketing strategies 2. He always kept us posted on what he did (communications!) 3. He made sure we understand the current market situation but he will consistently reassure us that the unit can be sold off 4. He is not greedy and trusting 5. He walks the talk”
Peter & Wendy (Property Seller)
I write to commend Nick Tan (R040814C). When my husband and I first met Nick, we were impressed by his drive, commitment, business acumen and strategical thinking, and decided to engage him. We were not disappointed. Nick sourced for prospective quality buyers in a targeted methodical fashion and was effective in connecting us with serious buyers, notwithstanding the fact that the search primarily took place over Dec – Feb (a traditional lull period). Throughout the transaction, he also gave us helpful advice in various aspects; the advice reflected his personal experience and expertise and was not simply regurgitated from public sources without any value-add. Further, Nick went beyond the call of duty of a competent professional. He had a sense of humanity in the way he interacted with myself and the other parties to the transaction such as my parents. As an example, my newborn daughter was warded into A&E on the completion date of the transaction; the care and concern that Nick showed went beyond the scope of work of an estate agent. I commend Nick for his capabilities and character, and would certainly wish to engage him for future property transactions.
Weilun & Benita (Property Seller)
“We are very grateful to Nick for his extensive marketing efforts. With his comprehensive marketing plan, he helped us to achieve a record selling price within 2 weeks of listing our property for sale! We highly recommend his service to anyone who is keen to sell their properties.”
Mr & Mrs Wong (Property Seller)
“Nick has conducted himself ethically and professionally when handling the sales of our property. Thanks to his patience and perseverance, we managed to secure a sales price beyond our expectations. We are very happy and satisfied with his services and will definitely recommend him to our friends and family in the future.”
Mr & Mrs Tan (Seller of Inter-Terrace House)
“Nick provides a delightful customer experience from day one when I engage him as my agent to look for a flat of my choice to the completion of the deal. He is competent, resourceful and has a pl Read More
EC are built by private developers and are similar to private condos. For brand new ECs, the buyers must satisfy certain criteria such as their household income must be less than 16k in order to be able to purchase. EC will fully privatize after 10 years and its status will be similar to a private condo.
Changing from a 4 room flat to an EC is considered as upgrade as private properties tend to retain their value better in the long run. I have personally assisted many of my clients to upgrade from a HDB to a private condo. I will be happy to help you to work out your finances to determine whether it is a comfortable move and also help you plan out the timeline so that you can transit smoothly and seamlessly from one property to another.
Please feel free to contact me so that I can assist you further!
Regards,
Nick Tan
(M) +65 9644 4854
B.Eng(Chemical)(Hons)(NUS) / Cert-in-REA
(E) nick96444854@gmail.com
SEAA Salespersons Achievement Platinum Award 2020
Visit my website to get to know me better:
www.nicktan.com.sg
I was featured recently on Council for Estate Agencies (CEA) Newsletter:
http://bit.ly/CEAnews
Testimonial from Satisfied Clients
“I would like to recommend Nick Tan from SRI. Before we engaged Nick, we were working with another agent from a very popular property agency in February 2017. We decided to terminate the contract after 5 weeks of zero viewings and no paper advertisements. Basically he was just waiting for phone calls. We engaged Nick on 20th April and by 10th of May, our unit was sold off. Why Nick? 1. He has good marketing strategies 2. He always kept us posted on what he did (communications!) 3. He made sure we understand the current market situation but he will consistently reassure us that the unit can be sold off 4. He is not greedy and trusting 5. He walks the talk”
Peter & Wendy (Property Seller)
I write to commend Nick Tan (R040814C). When my husband and I first met Nick, we were impressed by his drive, commitment, business acumen and strategical thinking, and decided to engage him. We were not disappointed. Nick sourced for prospective quality buyers in a targeted methodical fashion and was effective in connecting us with serious buyers, notwithstanding the fact that the search primarily took place over Dec – Feb (a traditional lull period). Throughout the transaction, he also gave us helpful advice in various aspects; the advice reflected his personal experience and expertise and was not simply regurgitated from public sources without any value-add. Further, Nick went beyond the call of duty of a competent professional. He had a sense of humanity in the way he interacted with myself and the other parties to the transaction such as my parents. As an example, my newborn daughter was warded into A&E on the completion date of the transaction; the care and concern that Nick showed went beyond the scope of work of an estate agent. I commend Nick for his capabilities and character, and would certainly wish to engage him for future property transactions.
Weilun & Benita (Property Seller)
“We are very grateful to Nick for his extensive marketing efforts. With his comprehensive marketing plan, he helped us to achieve a record selling price within 2 weeks of listing our property for sale! We highly recommend his service to anyone who is keen to sell their properties.”
Mr & Mrs Wong (Property Seller)
“Nick has conducted himself ethically and professionally when handling the sales of our property. Thanks to his patience and perseverance, we managed to secure a sales price beyond our expectations. We are very happy and satisfied with his services and will definitely recommend him to our friends and family in the future.”
Mr & Mrs Tan (Seller of Inter-Terrace House)
“Nick provides a delightful customer experience from day one when I engage him as my agent to look for a flat of my choice to the completion of the deal. He is competent, resourceful and has a pl Read More
Hi,
EC (Executive Condominiums) are considered subsidized housing which will eventually be privatized as full-fledge condominiums. They share the same attributes of a private condo in terms of facilities and security, i.e swimming pool, gym, gated, security guardhouse etc.
It is considered as an upgrade from a HDB flat in terms of housing type. Whether or not it's a location upgrade will depend on where your HDB flat is located.
I am experienced and well-versed in both HDB and private transactions. I will be able to assist you in your property plans. Please get in touch with me for a more in-depth discussion.
Should you need require further assistance in matters relating to property, please contact me at my mobile 9748 6305 . I will be happy to assess and share with you the possibilities for you in the current market.
Thank you.
Best regards,
Robbie Chen
9748 6305
PropNex Realty Read More
EC (Executive Condominiums) are considered subsidized housing which will eventually be privatized as full-fledge condominiums. They share the same attributes of a private condo in terms of facilities and security, i.e swimming pool, gym, gated, security guardhouse etc.
It is considered as an upgrade from a HDB flat in terms of housing type. Whether or not it's a location upgrade will depend on where your HDB flat is located.
I am experienced and well-versed in both HDB and private transactions. I will be able to assist you in your property plans. Please get in touch with me for a more in-depth discussion.
Should you need require further assistance in matters relating to property, please contact me at my mobile 9748 6305 . I will be happy to assess and share with you the possibilities for you in the current market.
Thank you.
Best regards,
Robbie Chen
9748 6305
PropNex Realty Read More
Hi
An EC is considered a 'subsidised' housing where only 'Singaporean' family (household income below $16,000) are eligible to purchased. In addition, 5 years MOP from the date of the development 'TOP' applies. Due to the restrictive eligibility and conditions attached, an EC price is normally lower than new development. An EC an be sold in the open market to any SC and SPR buyer after 5 year (almost as good as full pledged condo and to all buyers including foreigners and corporate entity full pledged condo after 10 years. Do note that if you have bought a flat directly from HDB or have enjoyed housing grant in the past, you are liable for resale levy. I am specialised in both HDB and private property. Do contact me at 93375051 for a free and non obligatory discussion on this.
Regards
Taufik Hussein
CEA Reg No: R061607B
ERA Realty Network Pte Ltd
Contact No: 93375051 Read More
An EC is considered a 'subsidised' housing where only 'Singaporean' family (household income below $16,000) are eligible to purchased. In addition, 5 years MOP from the date of the development 'TOP' applies. Due to the restrictive eligibility and conditions attached, an EC price is normally lower than new development. An EC an be sold in the open market to any SC and SPR buyer after 5 year (almost as good as full pledged condo and to all buyers including foreigners and corporate entity full pledged condo after 10 years. Do note that if you have bought a flat directly from HDB or have enjoyed housing grant in the past, you are liable for resale levy. I am specialised in both HDB and private property. Do contact me at 93375051 for a free and non obligatory discussion on this.
Regards
Taufik Hussein
CEA Reg No: R061607B
ERA Realty Network Pte Ltd
Contact No: 93375051 Read More