What Is an Executive Condominium (EC)?

The executive condominium (EC) is one of the most popular housing types in Singapore.
They are more ‘atas’ than HDB flats, and compared to private condominiums, ECs are more attractively priced and come with comparable facilities and design.
EC is a public-private housing hybrid catered for middle-income Singaporeans who don’t qualify for an HDB new flat due to the income ceiling cap, but still consider private condominiums too expensive.
ECs are developed and sold by private developers but are subsidised by the government. As such, while they have condo-like attributes such as swimming pools, gyms, clubhouse and better design, they are cheaper compared to private condos. As former National Development Minister Khaw Boon Wan puts it, it’s like buying a Lexus at the price of a Corolla.
 

New Launch EC

Updated as at 07 Aug 2022

ProjectNORTH GAIACopen GrandTenet
LocationYishun CloseTengah Garden WalkTampines St 62
Launch date23 Apr 2022Est. Sep/Oct 2022Est. Nov/Dec 2022
Est. TOP1Q 2025Est. 2025Est. 2026
Total No. of units616Est. 639Est. 590
Balance Units
2 BR =     0NATBATBA
3 BR = 373373TBATBA
4 BR =   6565TBATBA
5 BR =     44TBATBA
Total = 442442TBATBA
Available Units Price From
2 BedroomNATBATBA
3 Bedroom$1,140,000TBATBA
4 Bedroom$1,608,000TBATBA
5 Bedroom$1,974,000TBATBA

Upcoming EC

Project LocationBooking DateTOP DateLand PriceSelling Price
Tengah Garden Walk (Copen Grand)Est. Oct 2022Est. 2025$603 PSF PPREst. $1,300 PSF
Tampines St 62 Parcel A (Tenet)Est. Dec 2022Est. 2026$659 PSF PPREst. $1,380 PSF
Bukit Batok West Ave 8Est. 3Q 2023Est. 2026$662 PSF PPREst. $1,400 PSF
Bukit Batok West Ave 5Est. 1Q 2024Est. 2027TBA (Sep 22)TBA (Sep 22)
Tampines St 62 Parcel B (Reserve)TBATBATBATBA
Senja Close (Reserve)TBATBATBATBA
Tengah Plantation LoopTBATBATBATBA
Project Name COPEN GRAND
Street Name Tengah Garden Walk
Site Area Est. 22,020.8 Sqm
No. of Units Est. 639
Launch Date Est. 3Q 2022
TOP (Key Collection) Est. 2025
Tenure of Land 99-Year Leasehold
Awarded Date 03/06/2021
Developer Taurus Properties SG Pte. Ltd. [Joint venture between City Developments Limited (CDL) & MCL Land]

Tengah Garden Walk EC HDB Location Map

Project Name Tenet TBA
Street Name Tampines St 62 (Parcel A) Tampines St 62 (Parcel B)
Site Area Est. 23,799.2 Sqm Est. 28,000 Sqm
No. of Units Est. 590 Est. 590
Launch Date Est. Dec 2022 TBA
TOP (Key Collection) Est. 2026 TBA
Tenure of Land 99-Year Leasehold 99-Year Leasehold
Awarded Date 03/08/2021 TBA
Developer Qingjian Realty Pte Ltd and Santarli Realty Pte. Ltd. TBA

Tampines St 62 EC Parcel A & B HDB Location Map

Project Name TBA TBA
Street Name Bukit Batok West Avenue 8 Bukit Batok West Avenue 5
Site Area Est. 12,449.3 Sqm Est. 16,600 Sqm
No. of Units Est. 375 Est. 495
Launch Date Est. 3Q 2023 Est. 1Q 2024
TOP (Key Collection) Est. 2026 Est.  2027
Tenure of Land 99-Year Leasehold 99-Year Leasehold
Awarded Date 22/03/2022 TBA (Sep 2022)
Developer Qingjian Realty Pte Ltd & and SNC Realty Pte. Ltd.  TBA

Bukit Batok West Ave 8 and 5 EC HDB Location Map

Project Name TBA
Street Name Senja Close (Bukit Panjang)
Site Area Est. 10,200 Sqm
No. of Units Est. 300
Launch Date Est. Mid 2024
TOP (Key Collection) Est. 2027
Tenure of Land 99-Year Leasehold
Awarded Date TBA
Developer TBA

Senja Close EC Location Map

Project Name TBA
Street Name Tengah Plantation Loop
Site Area Est. 17,700 Sqm
No. of Units Est. 495
Launch Date Est. Mid 2024
TOP (Key Collection) Est. 2027
Tenure of Land 99-Year Leasehold
Awarded Date TBA
Developer TBA

Tengah Plantation Loop EC Location Map

Quick EC Eligibility Check

Married Couple Children + Parent(s) Non-citizen Spouse + Children Widowed/ Divorced + Children
You must be a Singapore Citizen (SC) & at least 21 years old
+
SC or SPR Spouse SC or SPR Parent(s) SC or SPR Children
+
Your average gross monthly household income must not exceed $16,000.
+
Current HDB new flat (if any) must met 5-year MOP
+
Never or own 1 time new HDB or resale HDB with CPF Housing Grant
+
No private residential property or sold more than 30 months
+
Min. 5% cash + CPF + Max. 75% Home Loan (total ~103% of NPS Price)
or
Min. 5% cash + CPF + Max. 80% Home Loan & Bridging Loan (total ~103% of DPS Price)
or
Min. 5% cash + CPF (total ~103% of purchase price)
0r
Full cash (~103% of purchase price)
Fiancé/ Fiancée Orphans Joints Singles
Spouse-to-be All single siblings 2 to 4 singles
You must be a Singapore Citizen (SC) & at least 21 years old You SC Age at least 35
+
SC or SPR age at least 18 SC or SPR deceased parents Other(s) SC Age at least 35
+
Your average gross monthly household income must not exceed $16,000.
+
Current HDB flat (if any) must met 5-year MOP
+
Never or own 1 time new HDB or resale HDB with CPF Housing Grant
+
No private residential property or sold more than 30 months
+
Min. 5% cash + CPF + Max. 75% Home Loan (total ~103% of NPS Price)
or
Min. 5% cash + CPF + Max. 80% Home Loan & Bridging Loan (total ~103% of DPS Price)
or
Min. 5% cash + CPF (total ~103% of purchase price)
0r
Full cash (~103% of purchase price)

Why buy a new EC?

  • Good value and potential appreciation
  • Around 20% cheaper than private condos
  • New ECs are eligible for CPF housing grants
  • After 5-year MOP can sell it to SC or SPR or rent it out
  • From the 11th year onwards can sell it to foreign buyers
  • Capital gains are generally higher compared to resale condos
  • Only new ECs can apply for the Deferred Payment Scheme (DPS)
  • Can decoupling (remove a name to invest in private property) after 5-year MOP

 

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