Sage-Tips

Is EC considered HDB or private?

Known as the “sandwich flat”, an EC is a public-private housing hybrid catered for middle-income Singaporeans who don’t qualify for an HDB flat due to the income ceiling cap, but still consider private condominiums too expensive. ECs are developed and sold by private developers but are subsidised by the government.

Can DBSS be Privatised?

As for DBSS, they are considered public flats that are sold by private developers. For new DBSS, it is not private property but rather a category of “premium HDB”, treated same as all other hdb flats and will not be privatized. In any case, DBSS scheme has been shelved already hence theres limited units to pursue.

How can you tell the difference between an EC and a condo?

The biggest difference between a regular condo and an EC comes in the first 11 years. During this time, ECs count as HDB properties – they are subject to the Minimum Occupancy Period (MOP) of five years. You can’t sell or rent out your EC during this time.

Why is DBSS stopped?

About the Design, Build and Sell Scheme The DBSS was suspended in 2011 after a public outcry over high indicative price tags for units at Centrale 8 in Tampines. The developer had given an initial price of $880,000 for a five-room unit, which was later lowered to $778,000.

What is the difference between DBSS and EC?

What Is The Difference Between DBSS and EC? DBSS flats are a premium breed of HDB flats while ECs are built exactly as private condos, complete with a full suite of facilities like swimming pools and gyms.

Is EC considered private?

Important Note: While Executive Condominiums (EC) are treated as public housing, after the 10th year, they’re considered private properties. Here’s how public and private properties differ from a purchasing standpoint: Public housing on the other hand can be purchased with no cash down payment with an HDB loan.

Is buying an EC a good investment?

Condo living at affordable pricing For many Singaporeans, buying an ECs is a way to enjoy the condo living experience without stretching themselves too thinly, budget-wise. In addition, those upgrading from HDB flats do not have to pay the hefty additional buyer’s stamp duty (ABSD) when they buy an EC.

Why is DBSS more expensive?

The high prices of DBSS flats are mainly paid for units with excellent, exceptional attributes. For Natura Loft, it is very well located in Bishan where 5-room flats are commonly sold at above $850,000. Moreover, the higher the unit is located, the higher is the transacted price.

Is EC worth buying?

ECs can be a better investment choice compared to private condominiums, as they are usually sold for around the same price as private apartments in the resale market even though EC is purchase with grants (subsidized housing). EC is treated as HDB property for 10 years.

Is DBSS worth buying?

If you’d bought your DBSS flat brand new at a subsidised price and with HDB grants, you can definitely enjoy a tidy profit when you resell it – as with any brand new HDB flat. But you also paid more for it, compared to a regular BTO flat.

Can EC owner buy private property?

Yes, you will be eligible to purchase a private property once you met your Minimum Occupation Period (MOP) of 5 years. For your next property, the loan quantum will be dependent on whether you still have an outstanding housing loan. If you are still servicing the EC, the max loan amount is 50\%.

When do HDB and DBSS become private?

They become fully private properties after the 10th years where they can be sold in the open market to foreigners and corporate bodies. As for DBSS, they are considered public flats that are sold by private developers. The DBSS has since been discontinued by the HDB. Hi Anonymous, thanks for writing to us on AskGuru.

What is a DBSS flat and is it worth buying?

What is a DBSS flat and is it worth buying? DBSS flats are public apartments built under the Housing & Development Board’s (HDB) short-lived Design, Build and Sell Scheme (DBSS) from 2005 to 2012. They are a unique (and premium) breed of HDB flats in Singapore, which are built by private developers.

What is the difference between EC and DBSS?

DBSS will still be public housinga fter 5 years minimum occupation period as for EC, it will be privatised after 10 years in which you can sell to foreigners. May I know how can I value add further in your property needs? Find out your property value for FREE on a monthly basis. Simply sign up by clicking the link below:

How many DBSS projects were built in the last decade?

A total of 13 DBSS projects, amounting to 8,649 units, were built in less than a decade. Unlike a regular HDB flat that is developed by the HDB (i.e. a government authority), a DBSS flat is developed by a private developer.