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
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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.
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