ECs or Executive Condominiums, always sell out fast due to its low in supply in Singapore. A few call them a cross breed of HDB and condo. That is because, not everyone has the privilege to purchase it. At launch, only Singaporeans are allowed to buy it. 5 years after TOP, PRs will be allowed to buy it. It will be fully privatised after 10 years, which allows for foreigner to buy.
A popular estate, Tampines, is expecting a pent up demand for it’s newly launched EC,
Parc Central Residences Supposedly to launch in 2H 2020, due to the COVID-19 situation, the launch of Parc Central has been delayed till Q1 2021.
Among the list of up and coming EC and condominium dispatches in 2020, Sims Estate, The Point of interest and Parc Canberra are 3 launches that merit a few consideration. These 3 launches are unquestionably worth keeping an eye out for, as their cost point shows up to be moderately reasonable given their areas (Sims Drive, Chin Swee Street, and Canberra Interface individually). Bonus tip: Linq at Excellence World, at Upper Bukit Timah Street, is another dispatch that ought to earn a few consideration from soon-to-be property holders for its appealing cost as a freehold property. Make sure to compare costs for these some time recently marking the dabbed line and getting to be glad mortgage holders!
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And the huge difference between private condo and EC is the price factor. EC are subsidized which makes it very popular.
