Executive Condominium benefit

B

bolster

New Member
Hi Expert,

Is it true that those who buy Executive Condo, do not need to sell HDB till TOP. No penalty? Loan is still 80%?

Compare to private Condo, you need to sell first before you can buy?
 
A

ampark21

New Member
Hi,

It is true. You are only required to sell your HDB within 6 months, from the issuance TOP date of the Executive Condo.

For buying of private condo, you do not need to sell your HDB before you can buy the condo. You can own both HDB and condo concurrently.

Mark
 
D

dasimond

Member
Do make sure your HDB had met the Minimum occupation period (MOP) before you make any purchase. And also do make sure you have speak to a banker on the amount of loan you can get, especially if you have not clear the current property loan.

If loan is not clear, you can only take max 50% loan for your 2nd purchase. Otherwise, it will be max 80% loan.
 
L

lkybd

New Member
There are so many benefits to EC in Singapore! Such as no ABSD, can take max loan, i.e. 75% LTV, cheaper cost of purchasing the condo etc.
 
L

Longterminvestor

Administrator
I have never come across the term “executive condo” what exactly does it mean?
 
P

Propertyculture

New Member
Executive Condominium is a hybrid of public and private housing for Singaporean.
 
L

Longterminvestor

Administrator
Are there restrictions when you buy new condos in Singapore?
 
G

gunturhakim

New Member
rent a space like condominium is good at the big city like jakarta, we call the place is kost
you can invest to build kost and rent to the college student
 
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