Buying an Executive Condominium? Read this first

For educational purposes only. All copyrights belong to their respective owners.

Thinking of getting an executive condominium, but unsure of the process? Rest assured, you’re not the only one.
Take a load off and let us do the heavy (intellectual) lifting for you with our step-by-step guide to purchasing your very own executive condominium.
Before you delve in, just a quick note: this article deals with purchasing an executive condominium from a developer. If you’re buying from an owner in the open market, the process is identical to buying a private condominium (though restrictions apply if you’re buying as a foreigner).
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6 factors to consider before buying an executive condo in Singapore

Despite all that talk about the 5 Cs no longer being important, in actual fact the only C that’s died is the country club. Everything else is still very much alive in the hearts and minds of Singaporeans.
Which is probably why the Executive Condominium or EC came into being. This property type is a public-private hybrid. It enables homebuyers to take advantage of CPF Housing Grants while still enjoying condo facilities.
1. Your EC will magically turn into private property after 10 years
2. You pay less and are eligible for CPF grants
3. If you’re part of the sandwiched class, you may not have many other options
4. You get all the frills of a private condo
5. You won’t qualify if you’re single or can’t form the “right” kind of family unit
6. You’ll have to arrange for your own bank loan
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Who Should Buy an Executive Condominium?

“Sandwiched” Singaporeans
Buyers who can comfortably handle the down payment
Buyers who consider the EC an investment
Buyers who will make actual use of the facilities

Guide to Buying Executive Condominium

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Executive Condominiums (EC) are a hybrid housing type that are built and sold by private developers but have eligibility conditions for purchase and sale, similar to HDB flats.
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Executive Condo (EC) or BTO? A Money Matters Approach.

Executive Condo (EC) or BTO?
This question has been asked many times, and there are many other articles addressing this question.
Instead of campaigning for one party based on commonly known attributes like facilities, the size of the bedrooms, etc., this article will put in the numbers to (1) the cost of buying, (2) maintaining and financing these properties and (3) their potential investment return. The main objective of this article is to provide you with a clear overview of the monetary commitments and rewards in purchasing either EC or BTO.
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Factors to Consider Before Buying an Executive Condo in Singapore

According to data from the Urban Redevelopment Authority (URA), the number of Executive Condominium units sold by developers went up from 492 in March 2016, to 572 in March 2017, indicating a 16.2% increase.
The demand for private housing, especially Executive Condominiums (ECs), has increased steadily, partly because of the current low-interest rate climate and rising income growth in Singapore. More new ECs have been launched in recent years to cater to the demand.

Top 10 Executive Condos (ECs) Worth Buying

Buying an Executive Condominium a no-brainer for those who qualify

List of Executive Condominiums

Executive Condominium (EC)

These are the eligibility conditions to buy a new Executive Condominium (EC). For ECs, please note that they are bought from the developer, not us. Before you submit an application, we advise that you also learn more what conditions apply after you buy an EC, and find out whether you must pay a resale levy.

To assess the average gross monthly household income for your EC application, you and any other applicants and essential occupier will need to prepare specific documents depending on your nature of employment. Also, please note that some forms of income/ allowance are not included when assessing your household income.