Living the Condominium Life

Executive condos are a hot topic. There are many factors that could drive you to choose one. Developers are busy working on multimillion-dollar projects in order to seize all opportunities. Visit our website and learn more about upcoming EC launch 2023 2024.

A Executive condominium is, in essence, a mix of a private and flat. Most units have resale restrictions and ownership restrictions, such as income limits of no more than $12,000 and a 5-year occupation period. Units can be offered for sale to PRs anytime between 6 and 10 years, provided they do not have any family nucleus requirements. These units can be sold to PRs at a partial price. The restrictions usually end after 10 years and then the property can be privatized. One of the best things about such housing options is that buyers may be eligible for grants, which can prove to be extremely helpful.

These condominiums are being sold at a discount of up to 20% when compared with private property. After 5 years, the units will be sold at a reduced price. After the 10 year period, the units will be priced as all private properties.

Executive condominiums have another advantage: their location is pre-planned. They are located near transportation and other amenities. MRT stations can be found nearby and the expressways are easy to access. This is to improve the comfort of the residents.

These areas are undergoing significant changes every day. The variety of units that are available in Executive condominiums allows for a wide range of options. There are 2/3, 4/5 and 5 bedroom options. There are a wide range of sizes available, with some units measuring anywhere from 786sqft up 1549sqft. The units can accommodate different sizes of families and all their needs. These units are very affordable.