The Ownership of Executive Condominiums: What Should You Know

Monday , 1, May 2023 Leave a comment

Today, executive condos are one of most popular housing options. These condominiums are very affordable and allow you to house many people. You must meet several requirements to become eligible to purchase an Executive condo. This will make the process much simpler. Read more now on Altura EC floor plan.


You will be required to supply various documents during your application. Income statements, marriage certificates, birth certificates, NRICs, among other documents, are some of those you might need. To ensure that the HBD has the correct information, it is best to check all income statements with the HR.

Benefits of buying an Executive Condominium

Owning an executive condominium has many advantages. The Executive condominium is much like a private condominium. This type of property allows the owner to enjoy the facility and the facilities usually are available for residents. To help pay for their purchase, applicants to the Executive Condominiums may be eligible for a housing grant. Eligible applicants must apply at least once before the grant will be granted.

How to Rent theExecutive Condominium

You will need to follow certain rules when you acquire your Executive Condominium. MOP is the Minimum Occupation period. The Executive Condominium has other rooms that you can rent.

Rules and regulations

Different rules govern the sale of executive condominiums. A MOP must be met by the owners. It covers five years. It is impossible to complete a transaction within the five-year period. Owners can then sell their units to permanent residents or citizens after five years. Foreigners can purchase the Executive Condominium after 10 years. There is an additional 30 month waiting period after you have sold the Executive Condominium to be able buy another flat directly from HBD.

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