Exec Condos Drawing More Buyers

Source: Straits Times

As the entry price for an executive condominium (EC) is much lower than a private condominium, demand for ECs has been on the rise. New EC units are generally 15-30% cheaper than new private condominiums. In addition, first-timer applicants are entitled to receive a CPF Housing Grant of up to $30,000. This makes EC an extremely worthwhile purchase.

Physical features are similar when comparing between a new executive condominium and a new private condominium. This includes facilities such as gym, clubhouse, security guard, tennis court, swimming pool and more. Singaporeans can check their eligibility before committing to a purchase.

With Sol Acres being the largest executive condominium in Singapore, residents enjoy greater economies of scale as the maintenance fees will be shared amongst all the residents.




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