Executive Condominiums (ECs) are a popular housing option for couples and families in Singapore, offering a blend of public and private housing benefits. These units are designed for middle-income households, providing larger living spaces compared to traditional HDB flats. ECs offer a mix of facilities similar to those found in private condominiums, including swimming pools, gyms, and playgrounds, catering to diverse lifestyle needs. Prospective residents should note the eligibility criteria for purchasing an EC, which include being a Singapore citizen or a couple comprising at least one Singapore citizen and one Singapore permanent resident (PR), with an income ceiling. Upon fulfilling the minimum occupation period (MOP) of 5 years, ECs can be sold either to another eligible applicant or reverted back to HDB for resale to flatters. The process of purchasing an EC is competitive, with a balloting system in place for oversubscribed units. As with any property investment, understanding the nuances of EC policies and market trends is crucial for a sound decision.
