The government has announced 5 major changes to the Executive Condominium (EC) framework.
Some of the biggest changes include:
• MOP extended from 5 years to 10 years
• Full privatisation extended from 10 years to 15 years
• Deferred Payment Scheme removed
• First-timer allocation increased from 70% to 90%
These changes clearly signal a shift towards longer-term home ownership while giving first-timers greater access to ECs.
In this video, I break down what changed and why these changes were