1. What is an Executive Condominium?

Executive Condominiums (ECs) are hybrid properties developed by private firms but sold under HDB rules. They offer full condominium facilities (swimming pools, gyms, clubhouse facilities) at a 20-30% discount compared to private property. They privatise fully after 15 years.

2. Eligibility & Monthly Household Income Ceiling

Buyers must qualify under one of the HDB eligibility schemes, such as the Public Scheme or Fiance/Fiancee Scheme. At least one main applicant must be a Singapore Citizen (SC). The monthly household income cap is capped at $16,000.

3. CPF Housing Grants for First-Timer Families

First-time buyer households can qualify for CPF Housing Grants of up to $30,000 to offset their purchase cost. The grant amount depends on the combined household income, phasing out completely for households earning over $14,000.

4. Payment Schemes: NPS vs DPS

Under the Normal Progressive Scheme (NPS), payments are milestone-driven during construction. Under the Deferred Payment Scheme (DPS), buyers pay a 20% downpayment at booking and defer the rest until TOP (Temporary Occupation Permit), albeit at a 3% price premium.

5. The New 10-Year Minimum Occupation Period (MOP)

From May 2026, all new launch ECs are subject to a 10-year MOP rule. Buyers must occupy the unit for a full decade before selling on the open market. Privatisation allowing sales to foreigners begins after 15 years.