When the time comes for you to sell your HDB EC property, you are likely looking to maximize your profit. Many EC owners look to cash out right after the MOP or move to a larger unit or a more convenient location. Others might decide to downgrade to an HDB unit to save more money. Other sellers are retirees who want to unlock some cash that they can invest in other assets.
ECs are a hybrid between public and private housing
ECs, or executive condominiums, were introduced in 1996 as a hybrid between public and private housing. They are designed to cater to the sandwich class of home buyers, with prices above that of HDB flats, but similar in design to private condos. ECs can be purchased by Singapore citizens or foreigners who are forming a family unit. In order to purchase an EC, buyers must complete a Minimum …