NEW EXECUTIVE CONDOMINIUM
Singapore Executive Condominium
Subsidized private condominiums in Singapore
*All pictures are for illustration purposes only
Latest EC Updates
(21/02/2025)
𝗔𝗨𝗥𝗘𝗟𝗟𝗘 𝗢𝗙 𝗧𝗔𝗠𝗣𝗜𝗡𝗘𝗦 (𝗘𝗖)
Showflat Preview: 22/2/2025 to 4/3/2025
Developer: Sim Lian Group
Address: Tampines St 62 (Parcel B)
14 Blocks of 14-Storey
Total Units: 760
Availabile Unit Types: 3, 4 and 5 Bedrooms
TOP/ Key Collection: TBC
Payment Scheme: Normal & Deferred Paymenent
First Timer Grant:
Up to $30,000
UPCOMING NEW EXECUTIVE CONDOMINIUM LAUNCHING IN 2025
Novo Place EC
Developed by Hoihup & Sunway
88% SOLD!!
Launched in Nov 2024
Address: Plantation Close
TAMPINES ST 62 EC 2025
Developed by Sim lian
Launching in 2025
Address: Tampines St 62
AVAILABLE EXECUTIVE CONDOMINIUM FOR SALE TODAY!
Who Is Eligible To Buy Executive Condominium?
Citizenship
- You must be a Singapore Citizen
- At least 1 other applicant must be a Singapore Citizen or Singapore Permanent Resident
- All singles must be Singapore Citizens if applying under the Joint Singles Scheme
Family Nucleus
- Public Scheme
- Fiancé/Fiancée Scheme
- Orphans Scheme
- Joint Singles Scheme
Income Ceiling
- Your household income must not exceed $16,000 income ceiling
- Household Income exceeding $16,000 will require appeal or approval from HDB
Age
- At least 21 years old
- At least 35 years old, if applying under the Joint Singles Scheme
First/ Second Timer
You must be first or second timer to be eligible to purchase an EC.
Property Ownership
- You do not own other property overseas or locally, or have not disposed of any within the last 30 months
- You have not bought a new HDB/ DBSS flat or EC, or received a CPF Housing Grant before; or, have only bought 1 of these properties/ received 1 CPF Housing Grant thus far
We have solutions for you
Eligibility Enquiry
How can i check my EC eligibility conditions?
In order to book, or to purchase an Executive Condominium unit, purchasers have to meet ALL the EC Eligibility's requirements.
Available Payment Scheme
Normal Payment Scheme &
Deferred Payment Scheme?
Not sure about the purchase timeline, initial down payments, and other costs involved?
About Executive Condominiums
Executive Condominium (EC) are strata-titled apartments which are built and sold by property developers to eligible Singaporean households. There are eligibility conditions and ownership restrictions in the first 5 years. Find out more about buying an EC unit from a property developer.
Executive Condominiums are designed for middle-income families who want something a bit nicer than generic public housing – but aren't quite ready to shell out for a penthouse suite.
LUMINA GRAND EC
ENQUIRE
*All pictures are for illustration purposes only
ENQUIREThey were introduced by the Housing and Development Board in 1997. This housing option is designed to bridge the gap between public flats and private residences, offering a more affordable alternative.
While they are built and sold by private developers, they come with certain restrictions similar to HDB flats. They are equipped with a range of amenities typically found in private residences – from swimming pools to gyms.
EC Procedure
6 Steps to purchase an EC
01. EC Sales Launch
- No Payment at this stage
02. Submit Application
- No Payment at this stage
03. Receive Application Outcome
- No Payment at this stage
04. Book EC Unit
5% Booking Fee
- Cheque
- Cashier's Order
- Bank Transfer
05. Sign Sales & Purchase Agreement
15% of the purchase price plus legal and stamp fees by CPF OA savings or cash within 9 weeks from the date of OTP or signing of the Sale and Purchase Agreement. For applicants who are eligible for the CPF Housing Grant, the grant forms part of your CPF funds and can be used to pay the balance down payment.
(At this stage, payment can be different, depending on purchasers' financial situation. Do check with us if you need to find out more about your finances.)
06. Collect Keys/ TOP
Received updates to collect keys
Executive Condominium Payment Scheme
There are 2 types of payment scheme- Normal Payment and Deferred Payment Scheme.
Normal Payment Scheme
In Singapore, the Normal Payment Scheme (NPS) for purchasing an Executive Condominium (EC) involves making progressive payments based on the construction milestones of the project. This is the standard payment plan and contrasts with the Deferred Payment Scheme (DPS), where a portion of the payment is delayed until the project is completed.
Deferred Payment Scheme
EC buyers can opt for a Deferred Payment Scheme (DPS), allowing them to defer 80% of the purchase price until the Temporary Occupation Permit (TOP) is issued. This scheme eases the initial financial burden and provides more time to arrange for financing.