13 Freshly MOP-ed Resale Executive Condos in 2022/2023

The executive condominium (EC) is a public-private hybrid type of home that was introduced to cater to the aspirations and needs of the “sandwich class” – households that have exceeded the income ceiling for public housing (HDB flats), but still couldn’t comfortably afford a private property.

ECs are subsidised by the Singapore government but come with condo features such as better fittings and facilities like swimming pools, landscaped gardens, gyms, BBQ pits, and more.

However, resale EC is most enticing, especially when they complete their Minimum Occupation Period (MOP) of five years and hit their 10-year mark. Considering a resale EC as your potential new home? Here’s a list of freshly MOP-ed resale executive condos for sale in Singapore.

Why Should You Buy an Executive Condo in Singapore?

ECs are built and sold by private developers but are typically about 25% cheaper than their private counterparts. This is because the Urban Redevelopment Authority (URA) allocates land for such subsidised residential dwellings based on the Government Land Sales (GLS) programme. 

For those who wish to enjoy condo facilities, purchasing an executive condo becomes a more viable, affordable option than purchasing private property. Furthermore, eligible EC buyers can use the CPF housing grants to offset some of the costs. Another plus is that 70% of EC units are earmarked for first-timers during the developer’s initial launch period.

After 10 Years, Executive Condos Essentially Become ‘Private Property’ 

For the first 10 years after an executive condo receives its Temporary Occupation Period (TOP), only Singaporeans and Singaporean Permanent Residents (PRs) are allowed to purchase them. Upon privatisation from its 11th year, EC units can be put up for sale or rent to foreigners.

The above reasons make ECs a good option for own-stay purposes. But what are some things to take note of if you’re an EC owner hoping to sell or rent out their property?

Can I Rent out My Executive Condo Before MOP?

While you cannot rent out the entire executive condo unit you own during the five-year MOP, you can rent out a room. After the MOP is fulfilled, you can sell or rent the unit to Singaporeans and PRs.

Is Buying an EC a Good Investment?

The low initial selling price of an EC fosters greater capital appreciation within the first five years of its launch. A study conducted by Squarefoot revealed that the price gap between a private condo and a nearby executive condo can narrow substantially after the latter has met its 5-year MOP.

With a red-hot rental market, current market conditions also suggest ECs can offer a good rental yield, should you choose to lease out your property for rental income.

Impact of Recent Cooling Measures on Executive Condos

In September 2022, cooling measures were announced that saw the bank loan interest rate floor rising to 4%, in turn impacting one’s Total Debt Servicing Ratio (TDSR) and Mortgage Servicing Ratio (MSR).

The latest round of measures came hot on the heels of the December 2021 cooling measures that saw the Additional Buyer’s Stamp Duty (ABSD) raised for Singaporeans and PRs buying their second and subsequent residential properties, as well as for foreigners and entities. In that sense, the full privatisation of an EC may not be as enticing as before.

But this doesn’t mean that ECs aren’t still a popular choice. Let’s look at what gives them that star power.

4 Reasons to Buy a Resale Executive Condo in Singapore  

1. No MOP for Resale ECs

For BTO flats, DBSS units and resale flats, the MOP is calculated from the date you get the keys to your new home. But for an executive condo, the MOP is calculated from the TOP date.

This means buying a resale EC allows homeowners to gain the flexibility to move as early as a good opportunity presents itself.  

2. Resale ECs Are Closer to Becoming Private

While not so relevant to own-stay properties, this is particularly beneficial for those looking for investment opportunities to sell or rent to foreigners in Singapore.

3. Can Keep Your Current HDB Flat 

Also, if you already own an HDB flat and you don’t want to give it up, you can’t buy a new EC. You can, however, buy a resale EC. Do note that you still need to have met the MOP of your previous HDB flat, and the Additional Buyer’s Stamp Duty (ABSD) applies for the resale EC, which is considered your second property.

4. Resale ECs are Already Built and Completed 

Lastly, resale ECs are already completed and more or less move-in ready. New launch executive condos can take years to build, and you can’t inspect the place before paying. Resale ECs are better for those who need a new home quickly, and like to do a physical viewing before committing to the purchase.

Resale Executive Condos That Have Reached EC MOP in 2022

The following listed prices are taken from listings on PropertyGuru and are accurate at the time of writing (13 December 2022). However, due to the nature of property listings, they may be taken down or changed at any time.

Keen to purchase an EC in 2023? Browse all available executive condominium units for sale on PropertyGuru.

1. Bellewaters

Bellewaters is an EC with a total of 651 units, across 3-, 4- and 5-room bedder configurations. It’s about five minutes’ walk from Farmway LRT station, which is just two stops from Sengkang MRT station. Those who live in the area enjoy other nearby amenities and developments such as Seletar Aerospace Park, Sengkang General and Community Hospitals, as well as the picturesque Sengkang Riverside Park.

It is also close to schools Nan Chiau Primary School, Springdale Primary School, Rivervale Primary School, Edgefield Secondary School, CHIJ Saint Joseph’s Convent and Compassvale Primary School.

Browse all available Bellewaters units for sale on PropertyGuru.

2. Bellewoods

Bellewoods is an EC with 561 units and this forest-themed development has six zones: Aquatic Forest, Urban Forest, Bamboo Forest, Evergreen Forest, Wellness Forest and Mangrove Forest that aim to promote better air quality.

It is just a 10-minute walk to Admiralty MRT station, and the same to Woodlands South MRT station on the Thomson East Coast Line. For parents, nearby schools include Woodlands Ring Secondary, Woodlands Ring Primary, Woodgrove Secondary and Greenwood Primary.

Browse all available Bellewoods units for sale on PropertyGuru.

3. The Vales

The Vales is an EC with 517 units in configurations that include 2- to 5-bedroom units, maisonette and penthouse. Its facilities include a jogging track, spa pool, steam bath, tennis courts and more.

It is just two minutes’ walk from Cheng Lim LRT station on the Sengkang LRT line West Loop. Schools in the area include ​​Nan Chiau Primary/High School, and Compassvale Primary School.

Browse all available The Vales units for sale on PropertyGuru.

4. The Terrace

The Terrace is an EC overlooking the serene Punggol Waterway. Its 747 units are said to be larger compared to similar 3- or 4-bedder units in other developments. Nearby schools are Horizon Primary School, Waterway Primary School, Greendale Primary School and Greendale Secondary School.

For residents, Kadaloor LRT station is at their doorstep, and they can easily take public transport or ride their bicycles/walk to other amenities and photo spots that include Waterway Point Mall, Coney Island and Sengkang Riverside Park.

Browse all available The Terrace units for sale on PropertyGuru.

5. Signature at Yishun

Signature at Yishun is an EC with 525 units. Its amenities include a barbecue area, foot reflexology, a slide pool, swing beds, cascading water, a jogging trail, an art alley, a clubhouse, a tennis court, a jacuzzi, and more.

The development is a short bus ride to Yishun and Khatib MRT stations and schools in the area include Naval Base Primary School, Northbrooks Secondary School and Orchid Park Secondary School.

Browse all available Signature at Yishun units for sale on PropertyGuru.

6. Westwood Residences

Westwood Residences is an EC with 480 units in 2-bedroom to 5-bedroom units housed over nine unblocked towers, each 14 storeys tall. What’s unique about Westwood is said to be Singapore’s first bike-themed residence.

On-site are unique facilities such as a mini velodrome, kid’s traffic garden, children’s BMX adventure park, a covered bike maintenance area, and a secure bike garage fitted with biometric sensors.

Browse all available Westwood Residences units for sale on PropertyGuru.

7. The Brownstone

The Brownstone is a New York-influenced EC with 638 units ranging from 2- to 5-bedroom units that have access to facilities such as two lap pools, a basketball court, a gymnasium, a junior skating rink, three sky BBQ pits, a wading pool, a clubhouse, a spa, a social pool and a pavilion.

It is just a three-minute walk to Canberra MRT Station, and a short journey to sprawling malls such as Causeway Point, Northpoint City, Sun Plaza and Sembawang Shopping Centre. Schools in the vicinity include Canberra Primary and Secondary School, Sembawang Primary and Secondary Schools, Wellington Primary School, Northland Secondary School, Ahmad Ibrahim Secondary School, Furen International School and Republic Polytechnic.

Browse all available The Brownstone units for sale on PropertyGuru.

Resale Executive Condos That Will Fulfil the EC MOP in 2023

1. The Criterion

The Criterion is an EC with 505 units ranging from 2- to 5-bedroom units, as well as 3- and 4-bedroom premium units. Privacy is a key focus for this development, thanks to the layout of the buildings and balconies that face the picturesque Lower Seletar Reservoir.

Residents also enjoy a rooftop dining area and electric solar-powered bicycles among other on-site facilities. Nearby learning institutions include Yishun Junior College School, Naval Base Primary School, Chung Cheng High School, Orchid Park Secondary School, Northbrooks Secondary School, Rainbow Centre – Yishun Park School and Northland Primary School. 

Browse all available The Criterion units for sale on PropertyGuru.

2. Wandervale

Wandervale is an EC with 534 units in 3- and 4-bedroom units housed over nine blocks. Residents can walk to Keat Hong LRT station or Choa Chu Kang MRT station in less than 10 minutes.

Amenities in the area include Dairy Farm Nature Park, Stagmont Park and The Wildlife Reserves Singapore, and schools of note nearby are Concord Primary School, Assumption Pathway School, Teck Whye Primary School, and Regent Secondary School.

Browse all available Wandervale units for sale on PropertyGuru.

3. Parc Life

Parc Life is an EC with 628 units and is about a 10-minute walk to Sembawang MRT station. Other amenities in the area include Sun Plaza and Sembawang Shopping Centre, and the schools are Sembawang Primary School, Sembawang Secondary School and Canberra Primary School.

Browse all available Parc Life units for sale on PropertyGuru.

4. Sol Acres

Sol Acres is an EC with a whopping 1,327 units split over three towers. The MCL Land development is also kitted out with amenities that include a tennis court, table tennis pavilion, gymnasium, a 50-metre lap pool and a rollerblading trail.

The executive condo is a three-minute walk from Teck Whye LRT station (three stops away from Choa Chu Kang MRT station / Bukit Panjang MRT station). Nearby schools are Delta Senior School, ITE College West, CGM Kindergarten, Ichiban Nurtureland Kindergarten (Choa Chu Kang), South View Primary School and Teck Whye Primary School.

Browse all available Sol Acres units for sale on PropertyGuru.

5. The Visionaire

The Visionaire is an EC with 632 units in 2- and 3-bedroom configurations, and the development is a seven-minute walk from Canberra MRT station. Schools in the area include Yishun Primary School and ​​Ahmad Ibrahim Primary/Secondary School.

Browse all available The Visionaire units for sale on PropertyGuru.

6. Treasure Crest

Treasure Crest is an EC with 504 units. It is a five-minute walk to Cheng Lim LRT station, on the Sengkang LRT line west loop. Schools in the vicinity include Nan Chiau High School, Anchor Green Primary School and Nan Chiau Primary School.

Browse all available Treasure Chest units for sale on PropertyGuru.

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