Most freshly weds cannot singapore new developer launch afford the executive condominium style of houses. The chief condominiums have greater pricing level and HDB constraints when compared to the typical condominiums. On the list of limits carried out with the HDB may be the five calendar year bare minimum profession of the occupant. The occupant could nevertheless request the housing to be a non-public estate following 10 years. The latest profits start in Singapore had been built with the adhering to developers
FCL Compassvale Pte Ltd on the Esparina Residences
MCCLand (Singapore) Pte Ltd for the Cover
Punggol Area EC Pte Ltd on the Prive
Maxdin Pte Ltd & Lee Carriers Pte Ltd at the Austville Residences
Pasir Ris EC Pte Ltd within the Belysa
QingdaoCosntruction (Singapore) Pte Ltd on the RiverParc Residence
Grand Isle Holdings Pte Ltd with the Blossom Residences
Here may be the list for future EC development in Singapore
Hoi Hup Realty Pte Ltd with the Tampines Avenue 8
Camborned Developments Pte Ltd in the Choa Chu Kang Drive
Sim Lian Land Pte Ltd at the Tampines Central 7
FCL Tampines Court Pte Ltd & Keong Hong Construction Pte Ltd within the Punggol Way Punggol Subject
The executive condominium housing sort in Singapore started in 1996 as a way with the government to raise the standard of living and change the town image of most places in Singapore to a better up market residential area. The architecture and design on the executive condominiums had been inspired from the styles and layout of non-public condominiums. The government's economic plans on boosting or meeting the match from the money degree with the population evolved from recycling condominium formula. The design was to make housing accessible to the larger population with lower budget.
The main goal from the Govt Condominium Housing Scheme was to provide access to couples whose total monthly earnings does not exceed $10,000. This broadens the supply for personal housing through the indirect financing from the state. The revenue ceiling for that household to be eligible to the govt condominium housing is $10,000 per month. Buyers were required to pay at least 20% down payment or equity in cash and settle the remaining balance through monthly installments. The occupants have been allowed to sell the flat to foreigners only after tenure of 5 many years.