Executive Condos Singapore
New Executive Condos Launch In Singapore
The Government announcement in August 2015 “that they will raise the income ceiling for those eligible to buy these New EC (public- private hybrid homes) has made them more accessible to a wider pool of people.
Higher salary eligibility for purchasers means that New EC Launches remain very popular among potential buyers.
The thought of purchasing an New EC as a speculation seems, by all accounts, to be picking up footing among homebuyers, even as the property market keeps on moving along at a slow pace.
Investors see opportunity in EC market
Higher income ceiling for buyers among factors for their popularity; privatised ECs remain highly sought after. The idea of buying an executive condominium (EC) as an investment appears to be gaining traction among homebuyers, even as the wider property market continues to trudge along at a snail’s pace.
The Government’s move last August to raise the income ceiling for those eligible to buy these public- private hybrid homes has made them more accessible to a wider pool of people. Introduced in 1995, ECs were targeted at helping the growing “sandwich class” of graduates and young professionals meet their housing aspirations. The strata-titled apartments are built by private developers, and come with facilities similar to those in private condominiums. Source Straits Times.