Like HDBs, executive condominiums (ECs) are subjected to a 5-year Minimum Occupation Period (MOP) as they are a hybrid of public and private housing. Once an EC MOPs, its owners are allowed to sell their unit on the resale market (to Singaporeans/PRs) or put the whole unit up for rent. Resale ECs might be attractive to some buyers as they.
For most of her 15 years in Singapore , Amy Nguyen, a creative designer from Vietnam , has been living in rental properties. She most recently shared a three-bedroom apartment with her husband and a flatmate until the lease expired in September last year, sending her on a frantic house-hunt. "My husband and I decided to look for a one-bedroom.