2 Answers

Hi Lee,

As Derrick mentioned, the main difference is the restrictions on ownership. If you take any grants for the purchase, you are not able to sell the EC for 5 years after moving in.

For ECs less than 5 years you are also not able to sell to people other than Singaporeans and PRs, regardless if you took any grants for the purchase.

There will be no restrictions on ownership after the EC is 10 years old. Thus EC is usually cheaper due to this restriction.

Most of the time EC location are also not as ideal as condos as EC is meant to be priced between HDB flats and condos.

I hope this helps. Feel free to contact me if I'm not clear in the above.

Regards,
Andy Chua
 9068 0898 
findmynest@gmail.com Read More
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Mani Subramanian Veeramani
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