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NEW EXECUTIVE CONDOMINIUM

Singapore Executive Condominium

Subsidized private condominiums in Singapore


*All pictures are for illustration purposes only

Latest EC Updates

(7/9/2025)

Novo Place EC Will be launching in Nov 2024!


DIRECT DEVELOPER'S BALLOTING



Availabile Unit Types: 3 & 4 Bedrooms

TOP/ Key Collection: Early 2026

Payment Scheme: Normal & Deferred Paymenent

First Timer Grant: Up to $30,000


*All pictures are for illustration purposes only


North Gaia EC Promotion

UPCOMING NEW EXECUTIVE CONDOMINIUM LAUNCHING IN 2025

AVAILABLE EXECUTIVE CONDOMINIUM FOR SALE TODAY!

LUMINA GRAND EC

Availaible units

  • 3 Bedrooms
  • 4 Bedrooms
  • 5 Bedrooms

Developer: CDL

Location: Bukit Batok

TOP/ Completion: Estimate 2026


*All pictures are for illustration purposes only

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ALTURA EC

AVAILAIBLE UNITS

  • 3 Bedrooms
  • 4 Bedrooms
  • 5 Bedrooms

Developer: Qingjian

Location: Bukit Batok

TOP/ Completion: Estimate 2026


*All pictures are for illustration purposes only

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NORTH GAIA EC 

AVAILAIBLE UNITS

  • 3 Bedrooms
  • 4 Bedrooms
  • 5 Bedrooms

Developer: Sing holdings

Location: Yishun Close

TOP/ Completion: Estimate 2025


*All pictures are for illustration purposes only

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EXECUTIVE CONDOMINIUM TOP/ COMPLETING IN 2024

Who Is Eligible To Buy Executive Condominium?

Citizenship

  • You must be a Singapore Citizen
  • At least 1 other applicant must be a Singapore Citizen or Singapore Permanent Resident
  • All singles must be Singapore Citizens if applying under the Joint Singles Scheme

Family Nucleus

  • Public Scheme
  • Fiancé/Fiancée Scheme
  • Orphans Scheme
  • Joint Singles Scheme

Income Ceiling

  • Your household income must not exceed $16,000 income ceiling
  • Household Income exceeding $16,000 will require appeal or approval from HDB

Age

  • At least 21 years old
  • At least 35 years old, if applying under the Joint Singles Scheme

First/ Second Timer

You must be first or second timer to be eligible to purchase an EC.

Property Ownership

  • You do not own other property overseas or locally, or have not disposed of any within the last 30 months
  • You have not bought a new HDB/ DBSS flat or EC, or received a CPF Housing Grant before; or, have only bought 1 of these properties/ received 1 CPF Housing Grant thus far

We have solutions for you

Eligibility Enquiry

How can i check my EC eligibility conditions?

In order to book, or to purchase an Executive Condominium unit, purchasers have to meet ALL the EC Eligibility's requirements.

Find out more

Available Payment Scheme

Normal Payment Scheme &

Deferred Payment Scheme?

Not sure about the purchase timeline, initial down payments, and other costs involved?

Find out more

About Executive Condominiums

Executive Condominium (EC) are strata-titled apartments which are built and sold by property developers to eligible Singaporean households. There are eligibility conditions and ownership restrictions in the first 5 years. Find out more about buying an EC unit from a property developer.


Executive Condominiums are designed for middle-income families who want something a bit nicer than generic public housing – but aren't quite ready to shell out for a penthouse suite.

They were introduced by the Housing and Development Board in 1997. This housing option is designed to bridge the gap between public flats and private residences, offering a more affordable alternative.


While they are built and sold by private developers, they come with certain restrictions similar to HDB flats. They are equipped with a range of amenities typically found in private residences – from swimming pools to gyms.

EC Procedure

6 Steps to purchase an EC

FIND OUT MORE

01. EC Sales Launch

  • No Payment at this stage

02. Submit Application

  • No Payment at this stage

03. Receive Application Outcome

  • No Payment at this stage

04. Book EC Unit

5% Booking Fee

  • Cheque
  • Cashier's Order
  • Bank Transfer

05. Sign Sales & Purchase Agreement

15% of the purchase price plus legal and stamp fees by CPF OA savings or cash within 9 weeks from the date of OTP or signing of the Sale and Purchase Agreement. For applicants who are eligible for the CPF Housing Grant, the grant forms part of your CPF funds and can be used to pay the balance down payment. 


(At this stage, payment can be different, depending on purchasers' financial situation. Do check with us if you need to find out more about your finances.)

06. Collect Keys/ TOP

Received updates to collect keys

Executive Condominium Payment Scheme

There are 2 types of payment scheme- Normal Payment and Deferred Payment Scheme.

Normal Payment Scheme

In Singapore, the Normal Payment Scheme (NPS) for purchasing an Executive Condominium (EC) involves making progressive payments based on the construction milestones of the project. This is the standard payment plan and contrasts with the Deferred Payment Scheme (DPS), where a portion of the payment is delayed until the project is completed.

Deferred Payment Scheme

EC buyers can opt for a Deferred Payment Scheme (DPS), allowing them to defer 80% of the purchase price until the Temporary Occupation Permit (TOP) is issued. This scheme eases the initial financial burden and provides more time to arrange for financing.

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