National Development Minister Chee Hong Tat on new rules for executive condos

Singapore will tighten rules for executive condominiums from Friday (May 8), with the minimum occupation period doubled to 10 years to curb speculation.

More units will be set aside for first-time buyers, with the quota raised to 90 per cent and the priority period extended to two months.

Developers will also no longer be allowed to offer deferred payment schemes, as part of efforts to keep ECs affordable. #singapore #sgnews

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