heron bay river . refine . relax
E-Applications open from 16 - 23 September 2012
Call 98805546 or click here to submit your enquiry
General Information
EXECUTIVE CONDOMINIUM'S FREQUENTLY ASKED QUESTIONS & ANSWERS*
(* These Frequently Asked Questions are meant to highlight some common questions and answers for general information only.)
Q1. What is Executive Condominium housing?
A1: The Executive Condominium Housing Scheme is the Government’s housing scheme to cater to the aspirations of Singaporeans to live in private properties.
Executive Condominiums (ECs) are developed and sold by private developers. They are comparable in design and facilities to private condominiums but are sold at more competitive prices.
Similar to private condominiums, ECs are sold with strata titles. This allows buyers to own common property like car parks and recreational facilities. When a management corporation is formed by the resident owners, all of them will be able to manage and maintain the estate independently in the manner that best meets their interests and requirements.
ECs are different from private condominiums in that only applicants who meet the basic eligibility conditions are entitled to purchase an EC Unit. Purchasers are required to maintain their eligibility and physically occupy the EC Unit for the first 5 years.
Q2. What types of facilities are provided in the Executive Condominium (EC) development? What is the range of purchase price?
A2: The facilities available in the EC development are generally similar to those provided in private condominiums such as a clubhouse, swimming pool, tennis court, etc. Details of these facilities and purchase prices of EC will vary from project to project. These details will be made known by the developer during the launch of each EC project. Range of purchase price is determined by the developer. You may contact the developer for more information and details.
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