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NEW EXECUTIVE CONDOMINIUM
Subsidized private condominiums in Singapore
*All pictures are for illustration purposes only
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
Availaible units
Developer: CDL
Location: Bukit Batok
TOP/ Completion: Estimate 2026
*All pictures are for illustration purposes only
AVAILAIBLE UNITS
Developer: Qingjian
Location: Bukit Batok
TOP/ Completion: Estimate 2026
*All pictures are for illustration purposes only
AVAILAIBLE UNITS
Developer: Sing holdings
Location: Yishun Close
TOP/ Completion: Estimate 2025
*All pictures are for illustration purposes only
You must be first or second timer to be eligible to purchase an EC.
Eligibility Enquiry
In order to book, or to purchase an Executive Condominium unit, purchasers have to meet ALL the EC Eligibility's requirements.
Available Payment Scheme
Not sure about the purchase timeline, initial down payments, and other costs involved?
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.
6 Steps to purchase an EC
5% Booking Fee
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.)
Received updates to collect keys
There are 2 types of payment scheme- Normal Payment and Deferred 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.
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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Disclaimer: While every possible effort has been undertaken to ensure the accuracy of the information provided on this website, neither the developer nor its authorized agents can assure its correctness. To the greatest extent allowed by law, the information, statements, and representations contained herein should not be interpreted as factual claims, offers, or warranties (whether expressed or implied) from the developer or its agents. They are not intended to constitute any part of a contract for the sale of housing units. Please be aware that visual elements such as images and renderings are artistic representations and should not be regarded as factual depictions. The brand, color, and model of all materials, fixtures, equipment, finishes, installations, and appliances are subject to the decisions made by the developer's architect, availability in the market, and the developer's discretion. All information on this website is accurate as of the publication date but may be updated as required by relevant authorities or the developer. The floor areas mentioned are approximate and dependent upon final survey outcomes.