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:
Name | 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)
- Unit sizes capped at 160 sqm (1,722 sq ft)
- Dual Key / Multi-Generational units must be sold to multi-generational families.
- Developers can launch a new Executive Condominium project for sale approximately 15 months after purchasing the land.
- All buyers can take 80% financing with Progressive Payment Scheme whether or not they have exisiting housing loan.
- Mortgage serving ratio (MSR) for EC purchases is 30%.
- 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.