What are Executive Condominiums (EC)?
Executive Condominiums (EC) were introduced to cater to Singaporeans, especially young graduates and professionals who can afford more than an HDB flat but find private property to be out of their reach. ECs are comparable in design and facilities to private condominiums as they are developed and sold by the private developers.
Sales of ECs in Open Market
EC owners may sell their apartment in the open market after complying with the minimum occupation period of 5 years from the Temporary Occupation Period (TOP) date. No transaction is permitted before this period is fulfilled. After five years, owners can sell their units to Singapore Citizen and/or Singapore Permanent Resident, and after 10 years they can sell to foreigners and corporate bodies. Upon selling an EC you must wait 30 months before buying any flat direct from HDB.
Sales of ECs in Open Market
EC owners may sell their apartment in the open market after complying with the minimum occupation period of 5 years from the Temporary Occupation Period (TOP) date. No transaction is permitted before this period is fulfilled. After five years, owners can sell their units to Singapore Citizen and/or Singapore Permanent Resident, and after 10 years they can sell to foreigners and corporate bodies. Upon selling an EC you must wait 30 months before buying any flat direct from HDB.
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> First Timer up to $30,000 CPF Housing Grant*
> Low Cash Outlay > No Agent Service Fee |
> Deferred Payment Scheme Available*
> Move-in Condition > Full Condominium Facilities * Terms & Conditions apply |
Piermont Grand - Upcoming Sumang Walk EC
* The ONLY UPCOMING EC launch in 2019!! *
Property Developers : City Developments Limited (CDL) and TID Residential
Project comprising 13 blocks of 10 to 17 storeys with about 820 units. Residents will enjoy waterfront living as the site is situated right next to My Waterway@Punggol. Nearby amenities such as Waterway Point, Punggol Plaza and Seletar Mall offer shopping, dining and entertainment options.
Expected TOP: TBA
* Click on image for more information
Register your interest or Call Developer Sales Team Now - 9878 1591 for the latest Units Availability and Floorplans !!!
Project comprising 13 blocks of 10 to 17 storeys with about 820 units. Residents will enjoy waterfront living as the site is situated right next to My Waterway@Punggol. Nearby amenities such as Waterway Point, Punggol Plaza and Seletar Mall offer shopping, dining and entertainment options.
Expected TOP: TBA
* Click on image for more information
Register your interest or Call Developer Sales Team Now - 9878 1591 for the latest Units Availability and Floorplans !!!
* Kindly note that owners who have exisiting private properties are not eligible to apply! To check if you are eligible to purchase an EC flat, do check out here.
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