Minimum occupation period for executive condos doubled; first-timer quota, priority expanded

New rules prioritising first-time EC buyers may curb exuberance in land bids, new launches

Three  measures announced  that will apply to all EC government land sales (GLS) sites with tender closing dates on or after May 8. Read more at straitstimes.com.

Minimum occupation period for executive condos doubled; first-timer quota, priority expanded

Developers can also no longer offer the Deferred Payment Scheme for executive condominiums as part of measures to help first-time home buyers get a unit amid rising prices.

Chee Hong Tat: MOP for new ECs now at 10 years

SINGAPORE: In a bid to help first-time homebuyers deal with higher prices,  the Ministry of National Development (MND) announced several changes to the executive condominium (EC) scheme on May 8. The changes include doubling the minimum occupation period (MOP) for new ECs, currently at five years, to 10 years. This means that those who purchase new ECs are required to live in these units for at least 10 years before they are allowed to sell them…

Upcoming EC projects that are exempt from new rules get a ‘bonus’, as buyers steer towards them: analysts

Scrapping of deferred payments could be a major blow to sales on sites sold in the future

New EC measures: No deferred payment scheme, increased first-time buyers quota, 10-year MOP

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Executive condo minimum occupation period doubled to 10 years

First-time home buyers quota for new EC units has been raised to 90%.