Upcoming Executive Condominium (EC)

Below are list of confirmed list of upcoming Executive Condomunium (EC):

Executive Condominium (EC) projects where land sale is on or after 9 Dec 2013 (including tenders launched earlier but not closed by 9 Dec 2013)

Second-timers will have to pay a resale levy when they buy an EC unit from this project onwards:

┬áName Location Tenure (99 years from) Tender Launch Date Tender Close Successful Tenderer’s Name
THE BROWNSTONE Sembawang 2014 18/11/2013 28/1/2014 Verwood Holdings Pte. Ltd. and TID Residential Pte. Ltd.
THE VALES Sengkang 2014 18/11/2013 13/2/2014 Phoenix Real Estate Pte Ltd
SOL ACRES CCK 2014 16/12/2013 25/2/2014 MCL Land (Brighton) Pte. Ltd.
YISHUN ST 51 (parcel A) Yishun 2014 27/3/2014 22/5/2014 Verwood Holdings Pte. Ltd and TID Residential Pte. Ltd.
YISHUN ST 51 (parcel B) Yishun 2014 29/3/2014 22/5/2014 JBE Holdings Pte Ltd
SEMBAWANG AVENUE Sembawang 2014 29/5/2014 10/7/2014 FCL Tampines Court Pte. Ltd. and KH Capital Pte. Ltd,
CCK DRIVE CCK 2014 26/6/2014 4/9/2014 Sim Lian Land Pte Ltd
SEMBAWANG RD / CANBERRA LINK Sembawang 2014 18/8/2014 30/9/2014 Qingjian Realty (Residential) Pte Ltd.
ANCHORVALE CRESCENT Sengkang 2015 18/11/2014 20/1/2015 Sim Lian Land Pte Ltd
WOODLANDS AVE 12 Woodlands 2015 16/12/2014 12/2/2015 Hao Yuan Investment Pte Ltd

Executive Condominium – Changes to Executive Condominium Scheme (affects all EC launches occuring after 12 Jan 2013)

  1. Unit sizes capped at 160 sqm (1,722 sq ft)
  2. Dual Key / Multi-Generational units must be sold to multi-generational families.
  3. Developers can launch a new Executive Condominium project for sale approximately 15 months after purchasing the land.
  4. All buyers can take 80% financing with Progressive Payment Scheme whether or not they have exisiting housing loan.
  5. Mortgage serving ratio (MSR) for EC purchases is 30%.
  6. Buyers of EC’s whose land was sold post 11th Dec 2013 must pay Resale Levy (for 2nd timers only) – this does not affect 2014 EC launches.

 

Contact Us

THE SINGAPORE EC PORTAL

Mortgage Payments