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.