If you’re thinking of buying a property, then perhaps you should check out EC at Tengah Plantation Loop. These types of condominiums require a deferred payment scheme. They are also not eligible for HDB loans, and they’re not near bus interchanges or MRT stations. Regardless, there are many reasons why ECs are becoming popular with first time buyers.
ECs are more ‘atas’ than private condominiums
Executive condominiums (ECs) are condominiums with additional facilities. They are usually cheaper than private condominiums and have similar finishings. They also qualify for the CPF Housing Grant. If you are a first-time buyer and do not need to have a lot of money for a mortgage, ECs are a good choice.
When it comes to buying a new property, many first-time property buyers find it difficult to decide between executive condos and private condominiums. Both types of condos offer full suite amenities and are …