What is top EC?

TOP EC is the Executive Condominiums already obtained the key, but Minimum Occupation Period (MOP) of 5 years upon Temporary Occupation Permit (TOP) has not met yet. EC buyers have to fulfil the 5-year MOP before they can sell their EC in the open market to Singapore Citizens or Singapore Permanent Residents.

How do I find my EC top date?

TOP dates for completed EC: HDB InfoWeb > Sale Launches > Executive Condominium > List of EC Temporary Occupation Permit (TOP) dates.

Is EC a good buy?

ECs can be a better investment choice compared to private condominiums, as they are usually sold for around the same price as private apartments in the resale market even though EC is purchase with grants (subsidized housing). EC is treated as HDB property for 10 years.

What is the mop for EC?

5-year minimum occupation period
Executive Condominium (EC) owners who have occupied their EC and met the 5-year minimum occupation period (MOP) can sell their EC in the open market. The 5-year MOP is computed from the Temporary Occupation Permit (TOP) date.

Can I take HDB loan for EC?

EC buyers aren’t eligible for HDB loans, so your only option is to apply for a bank loan. The main difference is that you’ll need to fork out a bigger downpayment (at least 25% in cash/CPF), so be prepared for that.

Can I own both HDB and EC?

You can own a HDB and still buy an EC or HDB as long as you dispose of the it within 6 months of possession of the new unit though.

Can single buy EC after 5 years?

Can Single PR Buy Resale EC After 5 Years? Yes, you can buy a resale EC after MOP.

Why is EC so expensive now?

The EC market is currently driven by demand for cheaper, bigger homes by millennials and first-time buyers. Sales were strong for both new and resale ECs. Last year, overall sales volume of ECs surged by 70.5 per cent to 2,145 units from 1,258 units in 2019, surpassing the 1,735 units moved in 2018.

Can EC be paid by CPF?

Buyers of Resale ECs Aren’t Eligible for the CPF Housing Grant. Unlike resale HDB flats, buyers of EC units in the secondary market aren’t eligible for the CPF Housing Grant as they are considered as private properties.

Can I buy a resale EC if I own a HDB?

If you already own an existing HDB flat, you cannot buy a new EC and keep that HDB as ECs are under HDB rules. The only option is to sell your existing flat six months before receiving the keys to the EC if you really want the more premium residence.