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.
Sale 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.
CPF Housing Grant
The CPF Housing Grant is a housing subsidy (in the form of CPF monies) provided by the Government. The grant assists eligible first-timer family to buy an EC from the developer. Receive up to $30,000 CPF Housing Grant for eligible first-time buyers.
There are certain criteria that you need to meet before you can qualify to purchase an EC, including age, citizenship, family nucleus, income ceiling, ownership of other properties etc. Do ensure that you meet these criteria before committing to a purchase.
More information is available on HDB's website.
Alternatively, you may call me to find out more.
Parc Greenwich is a new concept executive condo (EC) located at Fernvale / Yio Chu Kang, opposite Greenwich V mall. The development site covers about 1.87 hectares or 17,129.9 sqm with a maximum GFA of 47,964 sqm.
When completed, the development will house 496 residences in 9 blocks of 14 storey apartments. Unit types range from 2 bedroom to 5 bedroom layouts. Parc Greenwich will feature facilities such as a club, gym, tennis court, swimming pool, and many more.
Shopping malls, hospitals, and schools are located within easy reach of this exciting new EC developed by Frasers Property and CSC Land. Parc Greenwich also enjoys excellent connectivity via highways such as CTE, PIE and TPE.
The VIP Preview has been scheduled for August 2021. Interested parties may register your interest to participate in our VIP Preview.