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Am i allowed to purchase Executive Condos?

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choojnr
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Am i allowed to purchase Executive Condos?

Post by choojnr » Thu, 06 Jul 2017 1:30 pm

Hi,

I'm moving to Singapore for long and will be renting a condo unit at Siglap. However, i am also interested to invest in property here, and was looking at some upcoming condominiums they term Executive condos.

Am i allowed to buy/invest in them since they are privatised after 5 years, or can i only go for normal private condominums?

Thank you.

p.s. I was looking at ecs' like kingsford waterbay or Hundred Palms
Currently Looking at: Parc Botannia

bro75
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Re: Am i allowed to purchase Executive Condos?

Post by bro75 » Thu, 06 Jul 2017 3:45 pm

As far as I know, assuming you are not a PR, you can buy a resale executive condo on the open market only from the 11th year from its TOP.

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Wd40
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Re: Am i allowed to purchase Executive Condos?

Post by Wd40 » Thu, 06 Jul 2017 5:26 pm

and pay 15% absd. That amount can buy you rental for 5 years.

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CashewNut
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Re: Am i allowed to purchase Executive Condos?

Post by CashewNut » Sat, 08 Jul 2017 12:23 pm

I thought the rule was the EC must be 5 years old for a PR to buy. More than 10 and it's considered a fully private condo?

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Wd40
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Re: Am i allowed to purchase Executive Condos?

Post by Wd40 » Sat, 08 Jul 2017 6:42 pm

CashewNut wrote:I thought the rule was the EC must be 5 years old for a PR to buy. More than 10 and it's considered a fully private condo?
Your thought is correct.

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CashewNut
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Re: Am i allowed to purchase Executive Condos?

Post by CashewNut » Mon, 10 Jul 2017 8:02 am

Wd40 wrote:
CashewNut wrote:I thought the rule was the EC must be 5 years old for a PR to buy. More than 10 and it's considered a fully private condo?
Your thought is correct.

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Problem is that not many have been built in recent years with preference towards DBSS. I'd happily buy an EC but also don't want to pay ABSD

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