Why Executive Condominiums Are Still Drawing Crowds
Executive Condominiums (ECs) were first introduced more than 10 years ago by the government to cater to the needs of the “sandwiched class” of Singaporeans who could not qualify for cheap new HDB flats but cannot afford to buy a private condo. ECs filled the gap by providing apartments with condo facilities but at 20-30% discount compared to nearby private properties.
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