"EC seems to be on the trend recently.
i found it interesting news article from www.condosglaunch.com
ECs were very strong in demand among many people along the years. Like private condominium, ECs are constructed and planned by private developers with condominium facilities, for example, club house, swimming pools and BBQ pits. First-time EC buyers can also enjoy government housing grants of up to S$30,000.
For things to take note for purchase of EC
√ monthly household income ceiling of S$14,000
√ Buyers of new ECs have to form a family nucleus
(which must comprise two Singapore citizens, or a Singapore citizen and a Singapore permanent resident (PR))
√ Minimum occupation period (MOP) of five years before they can offer in the open market to Singapore citizen or PRs. Only after 10 years will the EC be considered fully privatised and can be sold to foreigners.
√ New EC units are sold at a discount to comparable new private condos. (20 per cent to 25 per cent)
√ Woohoo! when the restrictions on ECs are lifted after the five-year MOP and at privatisation, the price gap of resale ECs and resale condos narrows to around 9 per cent and 5 per cent respectively.
Current selling EC launches include Sol Acres by MCL, Parc Life EC www.parc-life.net by Fraser Centrepoint and iNz Residences by Qing Jian Realty Ltd at Choa Chu Kang.
Upcoming new EC launch 2017 include Hundred Palms Residences at Yio Chu Kang Road
http://www.condosglaunch.com/propert...ms-residences/
Should I or should I not?"
