Is EC Worth Buying? A Comprehensive Guide for Singaporeans

In Singapore, you can find a special type of home called the Executive Condominium (EC). It’s like a mix between public housing and private condos. Many people wonder if purchasing an EC is a good idea. This guide will help you understand the value, costs, and benefits of ECs. It’s designed to assist you in making a smart choice that fits your needs and budget.

This article will look at the EC cost, EC features, and EC benefits. We’ll explore the differences between ECs and private condos. You’ll also learn about the EC eligibility criteria and EC financing options. By the end, you should have a clear idea of an EC’s worth. And there’s info on EC reviews, EC alternatives, and EC value for money. It will help you make a balanced decision on this unique housing choice.

Key Takeaways

  • ECs offer a balance of affordability and luxury, with a price point 20-30% lower than private condominiums.
  • ECs have strong investment potential, with historical data showing faster appreciation rates compared to private condos.
  • Eligible first-time buyers can take advantage of various government grants and subsidies, further enhancing the financial appeal of ECs.
  • ECs are subject to specific eligibility criteria, including income ceilings and a Minimum Occupation Period (MOP).
  • Financing options for ECs include bank loans and CPF usage, with additional costs such as legal fees and stamp duties to consider.

What is an Executive Condominium (EC)?

An Executive Condominium (EC) is a home option in Singapore. It’s between public housing and private condos. Developed by private firms, ECs follow certain government rules. This housing is for middle-class Singaporeans. They earn too much for HDB flats but can’t buy private condos.

An EC is a hybrid housing option between public and private housing

ECs have great condominium facilities like pools and gyms. They also come with lower price points than private condominiums. This way, Singaporeans get good condo features without the high cost.

ECs are designed for the “sandwiched” middle-class Singaporeans

The idea of Executive Condominiums is to help the “sandwiched” middle-class. They earn more than HDB limits but can’t buy private. ECs let them have a better life standard at a fair price.

ECs offer full condo facilities at a lower price point compared to private condos

One big plus of Executive Condominiums is their full condo features. You get to use pools, gyms, and more for less. This is great for those who want luxury without the high price.

Is EC Worth Buying?

Executive Condominiums (ECs) in Singapore have become a popular pick for homebuyers. They strike a balance between affordability and luxury, perfect for people looking for top-notch living that doesn’t cost a fortune.

Affordability and Luxury

Compared to private condos, ECs are priced lower by 20-30%. This drop in cost lets buyers reach for luxury living without emptying their wallets. They come packed with amenities like pools and gyms, matching the features of pricey private homes.

Investment Potential

ECs also shine in the investment potential department. Over time, they tend to gain value quicker than private condos, marking them as a good choice for growing wealth through property.

Government Grants and Subsidies

Moreover, first-time buyers can enjoy government grants and subsidies on ECs. These financial boosts lower the initial buying costs, making it easier for Singaporeans to own their first home.

With their advantageous mix of affordability, luxury, investment potential, and government support, ECs are rising in preference. They offer a luxurious lifestyle at a friendlier price, a major draw for many. This makes them a top choice for anyone wanting to step into homeownership in Singapore.

EC Eligibility Criteria and Restrictions

An Executive Condominium (EC) in Singapore has special rules for those who want to buy. One buyer needs to be a Singapore citizen. Also, the total household income must not go above $16,000 a month. Families must make up the buyers. They shouldn’t have owned a property in the last 30 months too.

Eligibility requirements for Singaporeans and PRs

The EC rules target middle-class Singaporeans. At least one buyer has to be a Singaporean citizen. PRs can buy too, but they face more restrictions and a higher income limit.

Income ceilings for EC buyers

The top limit for monthly household income is $16,000 for an EC. This keeps ECs affordable for those in the middle-income range. Buyers need to show their income records when applying.

Minimum Occupation Period (MOP) and privatization process

ECs need to be lived in for at least 5 years before selling or renting out the whole place. After the 5 years, owners can sell or rent freely. This rule helps middle-class families move up to owning private property.

Financing and Purchasing an EC

When you think about buying an Executive Condominium (EC) in Singapore, you’ve got choices on how to pay for it. You can either get a bank loan or use your Central Provident Fund (CPF) savings. It’s a big decision to make.

Loan options: bank loans and CPF usage

The most money you can borrow for an EC is 75% of its value. This is less than the 90% you can borrow for some HDB flats. There are also rules on how much of your income can go towards paying back the loan each month.

Using your CPF savings can boost how much you can buy and help you meet these rules. It makes things easier.

Progressive Payment Scheme vs Deferred Payment Scheme

For how to pay, you can pick from the Progressive Payment Scheme (PPS) or the Deferred Payment Scheme (DPS). The PPS means you pay some money during the building phase. The DPS lets you start paying later, which helps with your budget right after buying.

Additional costs: legal fees, stamp duties, and resale levies

Remember, buying an EC has more costs than just the price. You’ll pay for things like legal help, stamp duties, and maybe a resale levy if you sell it too soon. It’s important to plan your spending so everything goes smoothly.

Knowing about financing, payment plans, and extra costs is key to choosing the right EC. With the right information and a good budget, buying an EC can fit well with your future plans.


Executive Condominiums (ECs) in Singapore mix affordability, luxury, and a chance to invest. It’s essential to know about EC’s key features, who can buy them, how to pay for them, and the rules they come with. This knowledge helps readers decide if an EC is a good fit for their life and finances.

If you’re thinking about your first home or moving up from an HDB flat, ECs are worth looking at. They offer a mix of condo perks with a more reachable price. By considering the details in this guide, you can see if an EC suits your next step in owning a home.

ECs mix affordability and luxury, making them a hit with Singapore’s middle class. By looking at the good and the not so good points, prospective owners can choose what fits their needs and budget best.


What is an Executive Condominium (EC)?

An Executive Condominium (EC) is a special housing choice in Singapore. It combines features of both public housing and private condos. ECs are developed by private builders but follow specific government rules.

Who are ECs designed for?

ECs are meant for middle-income Singaporeans. They earn too much for public housing but find private condos too costly.

What amenities do ECs offer?

ECs provide many luxurious facilities like pools, gyms, and more. They offer these at a more affordable cost than private condos.

How do ECs compare to private condominiums in terms of affordability and luxury?

ECs are 20-30% cheaper than private condos. This makes a high-quality living more affordable for buyers.

What is the investment potential of ECs?

ECs often increase in value more quickly than private condos. This means they could be a good financial investment.

What government grants and subsidies are available for EC buyers?

First-time buyers might get help from government grants and subsidies. This makes ECs even more financially desirable.

What are the eligibility criteria for purchasing an EC?

To buy an EC, one applicant must be a Singaporean. The household’s total income can’t exceed $16,000 monthly. The buyers should also form a family nucleus and not have owned homes the last 30 months.

What are the restrictions on ECs?

After buying an EC, there’s a 5-year wait before selling or renting the unit. After 10 years, these restrictions are lifted, and ECs become fully private.

What financing options are available for purchasing an EC?

For ECs, buyers can choose bank loans or use their CPF savings. The maximum loan they can get is 75%, different from HDB loans. There are also strict ratios to consider.

What are the payment schemes for ECs?

The two main payment schemes offered for ECs are Progressive Payment and Deferred Payment. These help manage buying an EC over time.

What additional costs are involved in purchasing an EC?

Buying an EC has added expenses like legal fees and stamp duties. Resale levies might also apply, which buyers should consider.