Singapore Expats Forum

Am i allowed to purchase Executive Condos?

Moving to Singapore? Ask our regular expats in Singapore questions on relocation and their experience here. Ask about banking, employment pass, insurance, visa, work permit, citizenship or immigration issues.

Sponsored by:
Image
The Club Residences

choojnr
Newbie
Newbie
Posts: 2
Joined: Thu, 06 Jul 2017

Am i allowed to purchase Executive Condos?

Postby 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
Chatter
Chatter
Posts: 321
Joined: Sun, 02 Sep 2012
Location: Singapore

Re: Am i allowed to purchase Executive Condos?

Postby 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.

User avatar
Wd40
Director
Director
Posts: 3919
Joined: Tue, 04 Dec 2012
Location: SIndiapore

Re: Am i allowed to purchase Executive Condos?

Postby Wd40 » Thu, 06 Jul 2017 5:26 pm

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

Sent from my Redmi Note 4 using Tapatalk

CashewNut
Member
Member
Posts: 37
Joined: Sat, 08 Jul 2017

Re: Am i allowed to purchase Executive Condos?

Postby 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?

User avatar
Wd40
Director
Director
Posts: 3919
Joined: Tue, 04 Dec 2012
Location: SIndiapore

Re: Am i allowed to purchase Executive Condos?

Postby 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.

Sent from my Redmi Note 4 using Tapatalk

CashewNut
Member
Member
Posts: 37
Joined: Sat, 08 Jul 2017

Re: Am i allowed to purchase Executive Condos?

Postby 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.

Sent from my Redmi Note 4 using Tapatalk


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


  • Similar Topics
    Replies
    Views
    Last post

Return to “Relocating, Moving to Singapore”

Who is online

Users browsing this forum: No registered users and 1 guest