executive condo singapore

Getting a HDB Flat vs Executive Condo (EC) vs Private Condo in Singapore

If you are house-shopping now and can only afford to get a new HDB BTO, then you obviously don’t have much of a choice. But if you still have time to save up and are considering an executive condo (EC) or private condo instead, then things can get a little tricky.

Apart from them being public or private, leasehold or freehold, there are quite a few key differences in terms of eligibility and financing. Here’s a helpful comparison of the 3 apartment housing types.


HDB flat vs executive condo (EC) vs private condo in Singapore (2019)

HDB flats Executive condominiums (EC) Private condominiums
Price $ $$ $$$
Lease 99 years 99 years 99 years to freehold
Public or private Public Considered private after 10 years Private
Minimum occupancy period (MOP) 5 years 5 years None
Income ceiling $7,000 to $21,000 $16,000 None
CPF housing grants Eligible Eligible Not eligible
Mortgage HDB or bank loan, MSR & TDSR apply Bank loan only, MSR & TDSR apply Bank loan only, TDSR applies
Who can buy Must be eligible to apply under HDB’s BTO schemes Must be eligible to apply under HDB’s EC schemes Anyone

Getting a new HDB flat is the cheapest housing option in Singapore.

Although you don’t have to be like, in extreme poverty or anything, there are nonetheless quite a few hoops you need to jump through in order to be eligible. Think strict eligibility schemes, low income ceilings, and etc.

Up one tier are the executive condominiums (ECs), which are “sandwich” flats that cater to the middle class — those who are “too rich” to apply for public housing, but still can’t quite afford a private home.

The main appeal of ECs lies in that after 10 years, it magically gets upgraded to “private” status.

The OLA Executive Condominium New Launch Singapore | OLA EC New Launch | Sengkang New Launch Condo

Welcome to the OLA EC Launch Official site! Ola New EC is an executive condominium located along Anchorvale Crescent, District 19, Singapore. Developed by Singapore-listed developer Evia Real Estate & Gamuda.

Ola EC Launch in Chinese – 盛港安谷弯执行共管公寓

Conveniently located that blends into your lifestyle, shopping and F&B establishment needs. Well Connected with network of roads and expressways as well as good rail transportation; with OLA EC, you can plan to go anywhere you need to be in minutes.

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