Drawbacks of buying an Executive Condo in Punggol Central, Northeast Singapore for sale

Owner of an EC cannot sell it until the unit is at least five years. During the 6th to the 10th year, the owner can only sell to a Singaporean or PR who is able to form a family nucleus. The executive condominium is considered a private condominium and can be traded freely in the open market only from the 11th year onwards. This ruling will limit the number of potential buyers if the owner decides to sell the property before the 10th year.
It is more difficult for former owners of executive condominiums to buy a HDB flat. This is because they need to wait 30 months from the date of disposal before they can apply to buy a HDB flat directly from the government.
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