Singapore Revises Executive Condominium Sale, Rental Rules
Topics
Developing
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Sources · 7 independent
“Buyers of new ECs will need to fulfill the minimum occupation period of 10 years before they can rent out their whole unit, purchase another residential property, or sell their unit to Singaporeans and permanent residents.”
“years before they can rent out their whole unit, purchase another residential property, or sell their unit to Singaporeans and permanent residents. After the 15th year, EC homeowners can sell their unit to any buyer, including foreigners and corporate entities. Developers will have to reserve 90% of EC units for first-time families during the first month from the project's launch date.”
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