Wide Selection of HDB EC
HDB EC is a subsidised private condominium – a hybrid between private and public housing. Executive Condo Housing Scheme was launched in 1996. It is designed to cater to the needs of those whose household incomes exceed the ceiling for public housing but are not quite yet able to afford a private property.
To ensure a fair housing system and affordability for this group of people, a set of stringent eligibility criteria is unavoidable. Also, EC buyers have to meet the 5-year minimum occupation period before they can sell their EC in the open market, and some resale restrictions from 6th to 10th year.
Why HDB EC (Executive Condo) Have Been Among The Best-Choice Projects
- HDB ECs hold a clear pricing edge over private condominiums. They are typically sold at a discount of about 20-30% to comparable private condominiums. It helps many Singaporeans to own a private condominium at way below market price.
- In today’s competitive market, ECs come with a full suite of condominium facilities and some ECs are also coming up with innovative ways to differentiate themselves.
Buying an HDB Executive Condo become a no-brainer for those who qualify! If you are the one, you should capitalise on this opportunity to own an EC for a whole new lifestyle.
HDB EC Updates At A Glance
Following are some of the New Launch Executive Condo marketed by us. Our aim is to help you make a wise decision when it comes to buying HDB Executive Condo in Singapore. Kindly browse through each and every project to find out more.
(Updated as of 21 February 2019)
| EC Name | Address | Region | Region 2 | District | # of Units | Expected TOP | Sold % | Sales Summary |
|---|---|---|---|---|---|---|---|---|
| Sumang EC | Punggol Way | North East | OCR | 19 | TBA | TBA | Launching soon | |
| Rivercove Residences | Anchorvale Lane | North East | OCR | 19 | 628 | 2020/09 | 100% | |
| iNz Residence | Choa Chu Kang Avenue 5 | West | OCR | 23 | 497 | 2019/08 | 100% | |
| Northwave | Woodlands View | North | OCR | 25 | 358 | 2019/02 | 99% | Updates |
| The Brownstone | Canberra Drive | North | OCR | 27 | 638 | 2019/01 T.O.P. | 100% | |
| The Criterion | Yishun Street 51 | North | OCR | 27 | 505 | 2018/12 | 100% | |
| The Visionaire | Canberra Drive | North | OCR | 27 | 632 | Oct 2018 | 100% |
NEW LAUNCH HDB EC (Executive Condo)
Anchorvale Lane (D19)
628 Units
3-5 Bedrooms
Est. TOP: 04 Sep 2020
Woodlands View (D25)
358 Units
2-5 Bedrooms
Est. TOP: 22 Feb 2019
Canberra Drive (D27)
632 Units
2-4 Bedrooms
Est. TOP: 01 Oct 2018
Canberra Drive (D27)
638 Units
2-5 Bedrooms
Est. TOP: 28 Jan 2019
Yishun Street 51 (D27)
505 Units
2-5 Bedrooms
Est. TOP: 31 Dec 2018
Westwood Avenue (D22)
480 Units
2-5 Bedrooms
Est. TOP: 31 Aug 2018
HDB EC (Executive Condo) Appeals To Two Main Groups of Buyers
- First-timers
- Their income levels clustered around the S$10,000 threshold. They tend to be more financially savvy. They have a choice between buying an EC or applying for a Build-to-Order HDB flat.
- They are eligible for a CPF family grant of up to S$30,000.
- Second-timers (HDB upgraders)
- Their income levels clustered around the S$10,000 to $14,000 threshold.
- This group mainly consists of families with children, and they are looking to upgrade to between an EC or a private development.
Useful Information About Executive Condominium
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