Through our different social media channels, we are able to see on the ground what is the sentiment when it comes to Executive Condominiums (ECs). Some people will insist that only resale ECs are worth buying. Others will only want fully privatised ECs, and some will insist the entire point is to “buy new”. It isn’t easy to prove any one point of view; but home buyers should know the following, for the sake of clarity: What are these three different age groups for ECs?  New ECs are new launches, while by “MOP EC” we refer to ECs that have crossed the five-year mark. A privatised EC is one that has crossed 10 years in age. These are differences between them:

	New EC	MOP EC	Privatised
HDB eligibility requirements	Yes, must meet usual requirements	Yes, but fewer restrictions	No, considered private and not HDB
Housing grants	Yes	No	No
Minimum Occupancy Period (MOP)	Five-year MOP applies	No	No
Can sell to foreigners or entities	No	No	Yes
Mortgage Servicing Ratio (MSR) applies	Yes	No	No
Total Debt Servicing Ratio (TDSR) applies	Yes (you need to meet both the MSR and TDSR)	Yes	Yes

 ...