What is an Executive Condo? Pros and Cons


As the demand for housing options in Singapore continues to rise, executive condos (ECs) have emerged as a viable choice for many prospective homebuyers. In this article, we will explore the advantages and disadvantages of executive condos, shedding light on the factors that influence buyers’ decisions regarding this unique property type.

What is an executive condo? Unlike private condominiums, ECs are subject to resale restrictions for the first ten years of ownership, which means owners cannot sell their units to foreigners or corporate entities during this time. However, following the Minimum Occupation Period (MOP) of five years, EC owners have the option to sell their units on the open market, potentially benefiting from property appreciation.

Pros of Executive Condos

  • Affordability: Executive condos offer a more affordable option compared to private condominiums, making them an attractive choice for the middle-income segment of the population.
  • Modern Facilities: ECs come equipped with a range of modern amenities, including swimming pools, gyms, and lush landscaped gardens, providing residents with a high-quality living experience.
  • Enhanced Security: Many executive condos have robust security systems, ensuring the safety and peace of mind of their residents.
  • Potential Investment: ECs can offer a good return on investment. Once the Minimum Occupation Period (MOP) of five years is fulfilled, owners have the option to sell their units in the open market, potentially benefiting from property appreciation.
  • Government Subsidies: During the initial launch, ECs are subject to certain government subsidies, making them even more affordable for eligible buyers.

Cons of Executive Condos

  • Restrictions on Resale: During the first ten years of ownership, ECs cannot be sold to foreigners or corporate entities, limiting potential resale opportunities.
  • Eligibility Criteria: The strict eligibility criteria may exclude some potential buyers who do not meet the income ceiling or family nucleus requirements.
  • Higher Cash Outlay: Compared to HDB flats, ECs often require a higher cash outlay during the initial purchase, which may pose a challenge for some buyers.
  • Limited Financing Options: Financing an executive condo can be more complex than a regular HDB flat, as some banks may have specific loan restrictions for ECs.
  • Competition During Launch: During the launch of new EC projects, there can be high demand and intense competition, making it challenging to secure a unit.


Executive condos offer a unique blend of affordability and modern amenities, catering to the needs of middle-income homebuyers in Singapore. While they come with certain restrictions and considerations, the benefits they offer make them a compelling option for those looking to own a property that balances quality living with reasonable pricing. As with any major investment, prospective buyers should carefully weigh the pros and cons to determine if an executive condo aligns with their financial goals and lifestyle preferences.

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