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
Available EC Projects
|EC Project||Successful Tenderer||Land Bid Price||Price Per Plot Ratio||No of Units|
|Parc Greenwich (Fernvale Lane)||FCL Lodge Pte. Ltd.||$286.54 million||$555 psf/ppr||496 units|
|Provence Residence (Canberra)||MCC Land (Singapore) Pte Ltd||$233.89 million||$566 psf/ppr||413 units|
|Parc Central Residences (Tampines Ave 10)||Hoi Hup Realty Pte Ltd and Sunway Developments Pte Ltd||$434.4 million||$578 psf/ppr||700 units|
|OLA (Anchorvale Crescent)||Evia Real Estate (S) Pte Ltd & Gamuda (Singapore) Pte Ltd||$318.8 million||$576 psf/ppr||548 units|
|Parc Canberra (Canberra Walk)||Hoi Hup Realty Pte Ltd & Sunway Developments Pte Ltd||$271 million||$558 psf/ppr||496units|
|Piermont Grand (Sumang Walk)||CDL Constellation Pte. Ltd. and TID Residential Pte. Ltd.||$509.37 million||$583psf/ppr||820 units|
|Rivercove Residences (Anchorvale Lane)||Hoi Hup Realty Pte Ltd & Sunway Developments Pte Ltd||$241 million||$355psf/ppr||628 units|
Upcoming EC Projects
|Location||Successful Tenderer||Awarded Date||Land Bid Price||Price Per Plot Ratio||No of Units|
|Tampines Street 62 (Parcel B)-Reserved||TBA||TBA||TBA||TBA||TBA|
|Bukit Batok West Avenue 5||TBA||TBA||TBA||TBA||TBA|
|Bukit Batok West Avenue 8|
Bukit Batok EC
|Qingjian Realty and Santarli Construction||8 Mar 2022||$266 million||$661.67 psf/ppr||~375 units|
|Tampines Street 62 (Parcel A)|
Tampines North EC
|Qingjian Realty, Octava Pte Ltd & Santarli Realty||3 August 2021||$422 million||$659 psf/ppr||~590 units|
|Tengah Garden Walk EC||Taurus Properties SG Pte. Ltd.||3 June 2021||$400.32 million||$603 psf/ppr||~620 units|
|North Gaia (Yishun Ave 9)||Sing Holdings Limited||20 Nov 2020||$373.5 million||$576 psf/ppr||~600 units|