Why investing in Executive Condominium is a good idea?
Owning an Executive Condominium is a privilege for Singaporean who wish to enjoy full fledge condominium lifestyle with a lower entry price. ECs are usually sold at 20-30% discount pricing compare to the neighboring private condo, and the price gap will narrow over time after MOP.
Imagine your neighbor are purchasing an EC with an average price of $1,000 – $1,200 per square feet (psf) while your entry price is between $750-$850, who is in a better position to reap the fruits of appreciation? Don’t miss out this amazing privilege cater for a small segment of Singaporean.
Executive Condominiums are regulated under HDB ruling and thus it can only be sold in the open market like private property in the 6th years onward. The only restriction is selling to foreigner which this restriction will also be lifted on the 11th years onward. Capital appreciation can materialize as soon as the property can be transacted in the open market.
ECs are attractive for people who wish to have a condo lifestyle (swimming pool, private gym, function room etc) and are over qualified for HDBs. Imagine enjoying the same full fledge facilities offer by your neighbor condominium at a discounted price.
There are also housing grants of up to $30,000 to help first time home owner to lower the purchasing cost. The grant can be use to help offset the 15% exercise fees. Deferred payment scheme are also available for purchasing of Executive Condominium unit, something your will not see in the private condominium market, making this an unique and attractive option for HDBs upgrader.
Don’t miss out the amazing opportunity to upgrade to an ECs if you qualify for it, remember this privileges is for Singaporean only.
You deserve better, start your amazing lifestyle today!