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HDB Executive Condominiums

Are you dreaming of owning a luxurious home without breaking the bank? HDB Executive Condominiums (ECs) are the perfect solution, offering a unique blend of affordability and luxury in Singapore’s housing market. These developments are meticulously designed to meet the aspirations of Singaporeans who desire higher living standards while maintaining cost-effectiveness. In this guide, we’ll delve into the features, eligibility criteria, and benefits of HDB Executive Condominiums, showcasing how they provide an ideal living solution for many.

HDB Executive Condominiums represent a golden opportunity to experience the lifestyle of private condominiums at a fraction of the cost. With ECs, you can enjoy high-end amenities, secure living environments, and modern architectural designs that rival private properties.

For many Singaporeans, the dream of owning a luxurious home often clashes with the harsh reality of high property prices. The quest for affordable yet sophisticated living spaces can feel like an uphill battle. Imagine the frustration of compromising on your dream home due to budget constraints. The limited options and high prices of private condominiums can be disheartening, leaving many to settle for less than they desire.

Enter HDB Executive Condominiums, the perfect blend of public and private housing, designed to offer you the best of both worlds. With HDB ECs, you can finally attain the luxurious lifestyle you’ve always wanted, without the financial strain.

Why Choose 9 Creation?

At 9 Creation, we understand the importance of affordability and personalization in your home. Our comprehensive 3D services and personalized interior design solutions ensure that your new EC not only fits your budget but also reflects your unique taste and lifestyle. With our expertise, transforming your executive condominium into a dream home has never been easier.

Dive into the world of HDB Executive Condominiums and discover how you can achieve a high standard of living without the high costs. Let 9 Creation guide you through every step of the journey, ensuring your new home is both beautiful and budget-friendly.


Key Takeaways

  • Affordability and Luxury: ECs offer a blend of affordable housing with private condominium features.
  • Eligibility: Specific criteria must be met to qualify for purchasing an EC.
  • Phased Ownership: ECs become fully privatized after 10 years, offering long-term investment potential.

What Are HDB Executive Condominiums?

Executive Condominiums (ECs) are a form of public-private hybrid housing in Singapore. They are built and sold by private developers but are subsidized by the government, making them more affordable than private condominiums. ECs offer full suite condominium facilities such as swimming pools, gyms, and security, but with eligibility and resale restrictions during the initial years.


What Are Key Features of Executive Condominiums?

  1. Luxurious Facilities: ECs come with facilities typically found in private condominiums, including swimming pools, gyms, function rooms, playgrounds, and BBQ pits. These amenities enhance the lifestyle of residents, providing opportunities for relaxation, exercise, and social interaction within the development.
  2. Quality Finishes: ECs are designed with high-quality finishes and modern interiors, providing a luxurious living environment comparable to private condos. From sleek kitchen fittings to elegant bathroom fixtures, ECs offer a high standard of living with attention to detail in design and construction.
  3. Phased Ownership: ECs start as public housing with a Minimum Occupation Period (MOP) of 5 years. During this period, the flat cannot be sold or rented out. After 5 years, they can be sold to Singaporeans and Permanent Residents (PRs). After 10 years, ECs become fully privatized and can be sold to foreigners, offering flexibility and potential capital appreciation.
  4. Government Subsidies: ECs are sold at a lower price compared to private condominiums due to government subsidies, making them an attractive option for middle-income families who aspire to own a private property but face budget constraints.


Eligibility Criteria

To purchase an HDB Executive Condominium, applicants must meet specific eligibility criteria:

  1. Citizenship: The applicant must be a Singapore Citizen, and at least one other applicant must be a Singapore Citizen or Permanent Resident.
  2. Age: Applicants must be at least 21 years old.
  3. Family Nucleus: Applicants must form a family nucleus, such as a couple, parent-child, or extended family. Singles above 35 years can also apply under certain conditions.
  4. Income Ceiling: The combined gross monthly household income must not exceed SGD 16,000.
  5. Property Ownership: Applicants should not own any private property or have disposed of any private property within the last 30 months. They must also not own more than one HDB flat or EC at the time of application.

Pricing and Financial Assistance

The pricing of ECs is typically higher than HDB flats but lower than private condominiums. Here’s a breakdown of typical prices:

Location Size Price Range (SGD)
Prime Areas 90 – 150 square meters 900,000 – 1,500,000
Non-Prime Areas 90 – 150 square meters 700,000 – 1,200,000

Financial Assistance and Grants

While ECs do not qualify for HDB loans, buyers can apply for bank loans to finance their purchase. Additionally, first-time buyers of ECs are eligible for the CPF Housing Grant, which can help offset the purchase price.

  1. CPF Housing Grant: Eligible for first-time applicants. The grant amount varies depending on household income and the type of flat being purchased.
  2. Family Grant: Up to SGD 30,000 for families purchasing their first EC.
  3. Half-Housing Grant: Up to SGD 15,000 for singles purchasing their first EC.


Key Considerations When Buying an Executive Condominium

  1. Affordability: Assess your financial situation and determine if you can comfortably afford the monthly mortgage payments and associated costs. Utilize financial assistance and grants to reduce the overall cost.
  2. Location and Amenities: Choose an EC located in an area that meets your lifestyle needs. Consider proximity to work, schools, public transportation, and amenities such as shopping centers and healthcare facilities.
  3. Future Value: Consider the long-term investment potential of the EC. After the 5-year MOP, you can sell the EC to Singaporeans and PRs, and after 10 years, to foreigners, potentially increasing its resale value.
  4. Eligibility and Restrictions: Ensure you meet the eligibility criteria and understand the resale restrictions during the initial 5 and 10-year periods.


Grants and Financial Assistance for ECs

Grant/Assistance Eligibility Amount (SGD)
CPF Housing Grant First-time applicants, varies by income Up to $30,000
Family Grant Families buying first EC Up to $30,000
Half-Housing Grant Singles buying first EC Up to $15,000


Benefits of Executive Condominiums

  1. Affordable Luxury: ECs offer a luxurious living environment with high-end facilities at a more affordable price compared to private condominiums. The government subsidies make it possible for middle-income families to enjoy the benefits of private condo living.
  2. Investment Potential: The phased ownership model allows for potential capital appreciation as the EC becomes fully privatized after 10 years. This increases the pool of potential buyers, including foreigners, and can lead to higher resale prices.
  3. Quality Living: With modern amenities, quality finishes, and comprehensive facilities, ECs provide a high standard of living. Residents can enjoy a range of recreational activities and conveniences within the development.
  4. Community Living: ECs foster a sense of community with shared facilities and social spaces, encouraging interactions among residents. This enhances the overall living experience, promoting a supportive and engaged community.
  5. Strategic Locations: ECs are often located in emerging and developing areas with planned infrastructure improvements. This strategic positioning can lead to appreciation in property values as the area develops.



HDB Executive Condominiums provide an attractive housing option for Singaporeans seeking a balance between affordability and luxury. With their quality finishes, modern facilities, and phased ownership model, ECs offer both a comfortable living environment and long-term investment potential. Understanding the eligibility criteria, pricing, financial assistance options, and key considerations can help potential buyers make informed decisions and find an Executive Condominium that meets their needs and aspirations.

Whether you are a first-time homebuyer or looking to upgrade your living standards, ECs offer a compelling option that combines the best of public and private housing. With thoughtful planning and careful consideration of your financial situation and lifestyle needs, you can enjoy the benefits of living in an Executive Condominium, reaping both immediate and long-term rewards.

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Impressed by their promptness and reliability throughout the entire renovation process! Alistair was our ID at 9creation and his promptness and reliability never fail to amaze us throughout the whole period of our renovation
Tan Susie