Low Price HDB ECs are becoming more popular in Singapore, and there are now over 15,000 new units being released this year. They are the equivalent of private properties at a lower price. Here are the pros and cons of owning one: Owner-occupiers do not mind waiting for the five-year Minimum Occupancy Period (MOP) to complete and the ten-year wait for privatisation. They will likely upgrade or move within the time period. The low price of ECs has a huge advantage over private properties, and they are comparable in value to private properties.
15,000 new ECs to be released in 2019
HDB is set to release 15,000 new low-price HDB ECs in 2019. These properties are expected to be very affordable, with prices starting from S$230,000. They will be available in selected neighbourhoods in Singapore. These properties will also include similar amenities as private condominiums, such as a swimming pool …