Property: Are executive condominiums worth buying? Executive...

Property: Are executive condominiums worth buying? Executive condominiums (ECs) were originally introduced to cater to the aspirations and needs of the so called “sandwiched” class - those whose household incomes exceed the ceiling for public housing, but are not yet able to comfortably afford a private condominium. Currently, the monthly household…. Executive condominiums (ECs) were originally introduced to cater to the aspirations and needs of the so called “sandwiched” class - those whose household incomes exceed the ceiling for public housing, but are not yet able to comfortably afford a private condominium. Currently, the monthly household income ceiling to qualify for an EC purchase is set at S$14,000, while it is S$12,000 for those purchasing the Housing and Development Board’s (HDB) Build-to-Order (BTO) flats. Over the years, 66 ECs have been successfully launched. To date, 63 of them have been completed. http://bit.ly/2ViHkA6

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