Most freshly weds can not treasure @ tampines vip preview afford the executive condominium type of houses. The chief condominiums have bigger pricing amount and HDB limitations than the regular condominiums. Among the list of constraints applied with the HDB would be the five yr minimal occupation from the occupant. The occupant may perhaps however request the housing to become a personal estate soon after ten a long time. The latest profits start in Singapore were being built from the next developers
FCL Compassvale Pte Ltd in the Esparina Residences
MCCLand (Singapore) Pte Ltd with the Cover
Punggol Discipline EC Pte Ltd for the Prive
Maxdin Pte Ltd & Lee Carriers Pte Ltd in the Austville Residences
Pasir Ris EC Pte Ltd in the Belysa
QingdaoCosntruction (Singapore) Pte Ltd within the RiverParc Residence
Grand Isle Holdings Pte Ltd within the Blossom Residences
Here will be the list for future EC development in Singapore
Hoi Hup Realty Pte Ltd for the Tampines Avenue 8
Camborned Developments Pte Ltd with the Choa Chu Kang Drive
Sim Lian Land Pte Ltd for the Tampines Central 7
FCL Tampines Court Pte Ltd & Keong Hong Construction Pte Ltd at the Punggol Way Punggol Field
The executive condominium housing style in Singapore started in 1996 as a way for your 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 in the executive condominiums were being inspired from the styles and layout of private condominiums. The government's economic plans on boosting or meeting the match from the money stage of the population evolved from recycling condominium formula. The design was to make housing accessible to the larger population with lower budget.
The main goal on the Govt Condominium Housing Scheme was to provide access to couples whose total monthly profits does not exceed $10,000. This broadens the supply for personal housing through the indirect financing with the state. The income ceiling for that household to be eligible for the executive condominium housing is $10,000 per month. Buyers were being required to pay at least 20% down payment or equity in cash and settle the remaining balance through monthly installments. The occupants ended up allowed to sell the flat to foreigners only immediately after tenure of five yrs.