facebookHi Ryan, is it for a new couple do you recommend buying an EC or Private condo? - Seedly

Anonymous

25 Nov 2020

Property

Hi Ryan, is it for a new couple do you recommend buying an EC or Private condo?

I am torn between these EC or Private condo.

AMA Stacked Homes

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Ryan Ong

25 Nov 2020

Partner at Stacked Homes

If we're talking new for both (new launch ECs and new launch condos), I would generally lean toward ECs. This is because ECs have a lower price point, you can get a grant, and have broadly similar faciltiies to a condo.

Also, if you're upgrading from a flat to an EC, and you buy the EC before selling your flat, you don't need to pay the ABSD upfront. If you do this with a condo, you do need to pay the ABSD first, and then apply for remission later, which is a tad more troublesome.

That said, most ECs tend to be further away from the MRT station though.

Ultimately, a more reasonable way to do this would be to compare the specific developments you're thinking of; so do give us a shout if you need it.

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