HDB flats house around 80% of the Singapore population, but there is one type of HDB housing that actually has more in common with the private than the public market: Executive Condominiums. We look at the advantages and disadvantages of purchasing this uniquely Singaporean form of housing, ask who’s eligible to purchase, and look at the various rules and regulations concerning ownership.
What are Executive Condominiums? The HDB website describes them as being “introduced to cater to Singaporeans, especially young graduates and professionals who can afford more than an HDB flat but find private property to be out of their reach. Executive Condominiums are comparable in design and facilities to private condominiums as they are developed and sold by the private developers.” Essentially, an Executive Condominium has most if not all the facilities of most condos but is a 99-year leasehold rather than a freehold.
Other Details:
Number of Bedrooms: 3 Number of Bathrooms: 2
Keywords:
Executive Condominiums, Singapore Citizen, HDB
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