Executive Condominiums (ECs) are intended as a stepping stone between HDB housing and private condos; a sort of “sandwich class housing” if you will. So when these ECs go on the secondary market, a common assumption is that they’ll still be cheaper than a regular condo – something that has been true for many years. However, the price gap has narrowed over time, and there have been some interesting observations with recent transactions. Here’s what to consider: A quick rundown on ECs For those who are not clear about the difference, ECs are built and sold by private developers. However, they count as HDB properties, with the usual HDB eligibility requirements, for the first 10 years; after that, they’re fully private (which also means they can be sold en bloc to developers). The five-year Minimum Occupancy Period (MOP) only applies to the first batch of EC buyers: after the MOP, subsequent buyers can sell whenever they like (subject to the usual...