Executive Condominiums in Punggol Central, Northeast Singapore for sale

Executive condominiums are a hybrid of public and private housing. They are built by private developers but buyers are subject to a set of eligibility criteria set by the Housing and Development Board (HDB). Executive condominiums are meant to meet the housing aspirations of the “sandwich” class who wish to live in private condominiums but fall a little short financially. Singaporeans with a monthly household income of less than $12,000 are eligible to purchase an EC directly from the developer.
A reason for the great demand for ECs could be the lower price compared to nearby private condominiums. As ECs are built by the private sector, the units are likely to have better finishing and materials compared the basic finishings that are commonly found in a new standard HDB flat. First-hand EC buyers can potentially save some money as there will be less renovations needed. In addition, ECs have facilities that are commonly found in private condominiums such as gym, tennis courts, children’s playground, swimming pool, clubhouse and BBQ pits.
http://propertylaunch-invest.com/executive-condo/property/the-amore-ec-punggol.html