ECs (Executive Condominiums) reaching their Minimum Occupation Period (MOP) in 2021

1
548

Executive condominiums (EC) have always been a popular form of hybrid public and private housing since the first was launched in 2017.

The main reason is because of its discounted price compared to private condominiums, but its “status” one step up compared to HDB flats.

This article will go introduce to you the ECs that are reaching their minimum occupation period (MOP) in 2021.

When an EC reaches its MOP mark, which is 5 years after the Temporary Occupation Period (TOP) date (TOP is also the time when a buyer collects his key from the developer), it can be sold to Singaporeans and PRs in the open market.

The unit cannot be sold to foreigners yet. It can only be sold to foreigners at the 10 year mark, when the status of the EC is converted into a private condominium.

After the 5 year mark, the unit can also be rented out as one whole unit.

Before the 5 year mark, the unit cannot be sold and cannot be rented out as a whole unit, except with the approval of HDB or the relevant authorities.

For buyers who did not manage to get a new EC unit from the developer at the launch date, buying from an existing EC owner at the 5 year mark can be one way to live in an EC.

Based on the known TOP date of ECs, we’ve collated a list of those that are reaching their MOP date in 2021. These are the ECs that TOP’d in the year 2016.

Waterbay

Location: Punggol Central/ Edgefield plains

Nearest MRT/LRT: Punggol MRT, Cove LRT, Meridian LRT

Nearest malls: Waterway Point, Punggol Plaza

Number of sale listings on propertyguru: 50

Latest selling price: S$934 psf

[email protected]

Location: Tampines Central 7/ Tampines Avenue 7/ Tampines Avenue 9

Nearest MRT/LRT: Tampines

Nearest malls: Tampines Mall, Tampines 1, Century Square

Number of sale listings on propertyguru: 65

Latest selling price: S$1,038 psf

Twin Fountains

Location: Woodlands Avenue 6/ Woodlands Drive 16

Nearest MRT/LRT: Woodlands South

Nearest malls: Causeway Point

Number of sale listings on propertyguru: 42

Latest selling price: S$896 psf

The Topiary

Location: Fernvale Lane

Nearest MRT/LRT: Fernvale LRT

Nearest malls: Seletar Mall

Number of sale listings on propertyguru: 81

Latest selling price: S$991 psf

Forestville

Location: Woodlands Avenue 5/ Woodlands Drive 16

Nearest MRT/LRT: Woodlands South MRT

Nearest malls: Causeway Point

Number of sale listings on propertyguru: 57

Latest selling price: S$874 psf

Lush Acres

Location: Sengkang West Way/ Fernvale Link

Nearest MRT/LRT: Kupang LRT, Thanggam LRT, Fernvale LRT, Layar LRT

Nearest malls: Seletar Mall

Number of sale listings on propertyguru: 10

Latest selling price: S$953 psf

Skypark Residences

Location: Sembawang Crescent/ Sembawang Drive

Nearest MRT/LRT: Sembawang MRT

Nearest malls: Sun Plaza

Number of sale listings on propertyguru: 14

Latest selling price: S$928 psf

Ecopolitan

Location: Punggol Way/ Punggol Walk

Nearest MRT/LRT: Punggol MRT

Nearest malls: Causeway Point

Number of sale listings on propertyguru: 4

Latest selling price: S$1,006 psf

Sea Horizon

Location: Pasir Ris Drive 3/ Pasir Ris Rise

Nearest MRT/LRT: Pasir Ris MRT

Nearest malls: Downtown East, White Sands

Number of sale listings on propertyguru: 24

Latest selling price: S$937 psf

The Amore

Location: Punggol Central/ Edgedale Plains

Nearest MRT/LRT: Oasis LRT, Kadaloor LRT

Nearest malls: Punggol Plaza

Number of sale listings on propertyguru: 4

Latest selling price: S$895 psf

Lake Life

Location: Yuan Ching Road/ Tao Ching Road

Nearest MRT/LRT: Lake Side MRT

Nearest malls: Taman Jurong Shopping Centre, Jurong Point

Number of sale listings on propertyguru: 12

Latest selling price: S$1,130 psf

Interested?

Interested in any of these projects or even a new EC? There are a number of new ECs that will be launched in 2021, Parc Greenwich for example.

Drop us a line using the contact form and we’ll be in touch with you.

    My age is (required)
    20-3031-3536-4041-4545-50Above 50

    Do you own a HDB (required)
    Yes, I own a HDBNo, I don't own a HDB

    Have you met your minimum occupation period (MOP) or when is it? (required)
    Yes, past my HDB MOP202120222023My MOP is 2024 and afterN.A.

    My budget is (required)
    Below S$1mS$1m-1.25mS$1.26m-1.5mMore than S$1.5m

    My combined monthly household income is (required)
    S$2-3kS$3-4kS$4-5kS$5-6kS$6-7kS$7-8kS$8-9kS$9-10kS$10-11kS$11-12kS$12-13kS$13-14kS$14-15kS$15-16kMore than S$16k

    We hate spam as much as you do. Feel free to opt out anytime.