Parc Central Residences presents a new executive condo at Tampines Street 62 by Hoi Hup. Comprises of choice units from 3 to 5 bedrooms, Parc Central Residences provide a good unit mix for young couples and big families. View Parc Central Residences showflat, Brochure, Floor Plan, Price, Location, Review. Sales Hotline: +65 ☎️6100 8806Read More
Category: Executive Condominium for Sale Singapore
Executive Condominium, often know as EC is a type of housing that is governed by HDB yet is enclosed with private condo facilities. It balance out public and private housing by providing a cheaper form of housing as compared to private housing, yet is equipped with condo facilities. EC is often sold at a subsidise rate from private developer.
Being a hybrid of public housing, executive condominium will be subjected to hdb regulations such as income ceiling of $14,000, buyers forming a family neclues etc.
Purchaser of the Executive Condominium have to keep the unit for 5 years after TOP. During this 5 years, the unit cannot be rented out whole unit or sold. After 5 years from TOP then it can be sold to Singapore Permanent Residents (PRs) or Singaporean. Only once it reach 10 years before it reach a condo status that can be sold to foreigners.
Executive Condominium (EC) Eligibility Conditions
|Family Necleus||Eligibility schemes
– Joint Singles Scheme
– Orphans Scheme
– Public Scheme
– Fiance / Finacee Scheme
|Age||– At least 35 years old if under Joint Singles Scheme
– at least 21 years old
|Income Ceiling||– not most than $14,000 household income|
|Citizenship||– Singaporean Citizen
– All Singles must be Singapore Citizen when applying under joint singles
– At least 1 applicant must be Singapore Citizen or Singapore Permanent Resident
|Property Ownership||– No property locally or oversea or have not disposed any properties within last 30 months
– Have not received CPF Housing Grant before
– Have not bought new HDB / DBSS / EC
Provence Residence is an executive condominium development by the prestigious MCC Land (Canberra) Pte Ltd. This property is comprised of 4 and 5 grand blocks of 11-storey and 13-storey residential buildings respectively with 413 units. The development sits just beside Parc Canberra along Canberra Link and has a 99-year leasehold tenure.Read More
Parc Greenwich is a brand new executive condominium development by Fernvale Lane Pte Ltd. This development is comprised of a good number of home units that varies between 3 to 5-bedroom luxury units. About 499 units occupy the 15-storey development that has a 99-year leasehold tenure.Read More
Parc Canberra is a new executive condominium that is joint venture by Hoi Hup and Sunway Development This is strategically positioned in the serene District 27, along Canberra Link, Sembawang Road, Singapore. This residential property will house around 496 luxurious units that varies from 2-bedroom to 5-bedroom units. It has a 99 years leasehold tenure and its anticipated TOP date is on December 2023.Read More