What is Executive Condominium (EC)?

➢ Hybrid of public and private housing in Singapore.
➢ Resemble private condominiums with a gated compound with security, facilities like swimming pools, clubhouses, playgrounds etc.
➢ Built and sold by private developers, at a price lower than private homes because the land prices are subsidised by the Government.
➢ Buyers need to meet several eligibility conditions such as citizenship, age, income, and property ownership.
➢ Buyers can take Central Provident Fund (CPF) grants to pay for an EC bought from a developer.
➢ EC is subject to some regulations that apply to HDB flats.
➢ Buyers' household income must not exceed $16,000.
➢ Minimum occupancy period (MOP) of five years.
➢ Resale levy applies to ECs whose land sales were launched on or after 9 December 2013