Overall, the Executive Condominium (EC) scheme has successfully introduced a number of well-received housing developments that cater to the ‘sandwiched’ class of buyers – those who cannot afford condominiums, and homeowners who earn too much to qualify for the HDB subsidy. Designed in the 1990s as a replacement for flats such as executive maisonettes, the EC scheme has overtaken the Design Build and Sell Scheme (DBSS) and is a proven rung on the property progression ladder. While most EC projects generate capital gains for their sellers, there can be substantial differences in sales outcomes for different buyers. For example, the performance of the famous Hundred Palms Residences EC Resale prices reflect the heights to which some of these headline-grabbing projects can reach. On the other hand, we have also written about ECs which are not immune from harmAnd sellers face issues like time and holding period which has a significant impact on the sales result…
