How Much Does An Executive Condominium Owner Make When They Sell?

When you’re thinking about selling your EC, it’s important to know exactly what you can expect from the price. There are several factors that should be considered. For example, you may want to sell your EC after five years or ten years. It all depends on your goals and family needs. It might be more beneficial to sell your EC after your child has finished primary school, for example. Speaking to a professional real estate agent will help you determine the optimal time to sell. They can also advise you on the advantages and disadvantages of selling your EC after the MOP or after the property is fully privatised.

ECs are cheaper than private condos

As a first-time buyer, you’ll probably think that ECs are cheaper than private condos. But in reality, they are not necessarily cheaper. In general, ECs are around 20% cheaper than private condos, and despite their lower price, they tend to appreciate in value over time. The downside is that you’ll be paying a higher holding cost for the first five years of ownership due to the MOP requirement.

If you’re looking for an investment property, Executive Condos may be a better investment than private condos. While ECs are not exactly cheap, you can often sell them at the same price as private apartments if you don’t want to keep the property. In addition, you can get grants to help you buy an EC. Also, because an EC is a HDB property, it’s treated as such for 10 years and is subject to the same restrictions as private properties. Also, ECs cost less to construct and land. Because of this, they’re priced lower than private properties.

ECs are more attractive to Singaporeans

The cost of an EC is often cheaper than that of a private condo. An average five-room HDB flat costs between S$500,000 and S$600,000, while a mass market suburban condo can easily cost S$1.3 million. But EC buyers are not allowed to resell their unit if they have an income higher than S$16,000 a month. Furthermore, EC buyers are limited to Singaporeans, as foreigners cannot buy these flats.

Developers are able to bundle roof gardens with certain units and charge lower prices per square foot than those without rooftop space. This could create pent-up demand among EC buyers, which could push prices up. Nevertheless, the government should be wary of intervening in the private property market and ensure that prices remain competitive.

ECs guarantee a profit

The first step in buying a condominium is to check whether an EC is in a good location and is in good condition. The purchase price of an EC is typically lower than a similar private condo. Another advantage of ECs is their rental potential, which can be profitable even after the first year. A hypothetical study compared the median unit prices of ECs with those of mass-marketed private condos. The median unit price of an EC was about 39% less expensive.

The price of an EC is closely linked to its potential gains and losses. Some think that a low price at the launch is better for future gains, but that could change depending on the economy and market conditions at the time of resale. However, a good number of EC owners have profited from reselling their property. Recent examples include Citylife @Tampines, 1 Canberra, and Heron Bay.

ECs benefit from housing grants

When it comes to selling their condominiums, ECs can benefit from the housing grants given to them by the government, which can help them get up to $30,000 in extra cash. These grants are available to EC owners who are Singaporeans or have spouses who are Singapore citizens. ECs are generally cheaper than private condominiums and are sold at prices comparable to private properties. Additionally, these properties are eligible for CPF housing grants when selling.

Although these housing grants only apply to HDB flats and ECs, they can help EC buyers who cannot afford to pay full price for their properties. This is particularly helpful for those who have used CPF OA as part of the downpayment. As such, EC buyers should not miss out on this opportunity.

ECs are a good investment

Executive condominiums (ECs) can be a good investment. They are cheaper than private condominiums and typically sell for the same price in the resale market. Most ECs are purchased using government grants, and they are subject to the same restrictions as HDB properties. Additionally, ECs are built on cheaper land and have less construction costs. All of this adds up to a lower initial purchase price.

There are two primary ways to analyze EC performance. The first is by looking at the average psf of ECs, which peaks around ten years after the TOP date. This analysis is simple and straightforward. However, it is essential to note that the price of an EC may decline before its 10 year peak, so it is crucial to be patient when making your purchase.