In many ways, Executive Condominiums (ECs) play an important role to meet the housing needs of Singaporeans, especially those who find themselves unable to afford the higher prices in the private residential market. But the general perspective of ECs has unintentionally shifted in recent years, as the original owners capitalise on their gains and the units start competing in the resale market. The scheme began in 1995 as a way to replace executive flats, and it is a hybrid public-private housing to meet the needs of more affluent Singaporeans who might bust the income ceiling for regular flats, yet struggle to comfortably afford private homes. But thanks to their subsidised launch prices, nearly all ECs have resulted in windfalls for their initial owners. There are many stories about how these EC owners were able to sell their properties and upgrade to larger homes in condominiums. Pretty soon, ECs were seen as ideal ‘property progression’ assets for aspiring private home owners....