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News Wire / economy

Singapore Revises Executive Condominium Sale, Rental Rules

CNA938 Singapore Singapore 4d4d Impact 6
Buyers of new Executive Condominiums (ECs) in Singapore must fulfill a minimum occupation period of 10 years before they can rent out their unit, purchase another residential property, or sell to Singaporeans and permanent residents. After 15 years, EC homeowners are permitted to sell their units to any buyer, including foreigners and corporate entities. Developers are also required to reserve 90% of ECs. Developers will also be required to reserve 90% of EC units for first-time families during the first month from a project's launch date.

Topics

housing real estate policy

Developing

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Sources · 7 independent

CNA938 Singapore

“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.”

CNA938 Singapore

“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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