Upcoming EC, Condo launches in 2020 to consider if you are planning for a new home
If you are planning for a new home with your other half, 2020 might just be the right time for you.
Apart from the usual BTO launches, there are a slew of Executive Condominium (EC) and Condominium (condo) launches in 2020. Brand new launch EC! Confirmed! New EC launch for 2020! Upcoming New EC Launch: Parc Canberra EC, Ola EC (Sengkang), Tampines Ave 10 EC. July 2017: Hundred Palms Residences EC sets the 100% sold-out record within 7 hours. Jun 2018: Rivercove Residences EC marks the 100% fully sold out record after 3 months of its launch. Most units sold for over $1,000psf at the later stage …
Condominiums, or condos, as Singaporeans call them, are private apartment-like properties. They are very similar to an HDB, except that they can be owned by anyone regardless of your citizenship.
This means that, unlike HDB, which can only be owned by Singaporeans or Permanent Residents (PRs), foreigners can also purchase condos.
EC: A HDB AND CONDO HYBRID
ECs are the related cousins of condos. Some call them a hybrid of HDB and condo. That’s because ECs are considered public housing in the first 10 years post Temporary Occupation Permit (TOP).
This means that only Singaporeans and PRs can own ECs. Once ECs cross the 10-year mark, their status will convert into private housing.
Once that happens, ECs will have the same characteristics of a condo, i.e. privatised. You have the option to sell your EC to a foreigner once it is privatised.
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.
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.