Upcoming EC, Condo Launches In 2020 To Consider If You Are Planning For A New Home

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Here’s a quick primer on what ECs and condos are, and how they compare with the typical HDB options. YahooFinance

Apart from the usual BTO launches, there are a slew of Executive Condominium and Condominium launches in 2020. These upcoming launches are definitely options for you and your other half to consider as you enter the next stage of your life.

Condo vs HDB: Private vs Public HousingCondominiums, or condos, as Singaporeans call them, are private apartment-like properties. They are very similar to an HDB, except that they can be owned by anyone regardless of your citizenship. This means that, unlike HDB, which can only be owned by Singaporeans or Permanent Residents , foreigners can also purchase condos. Condos also come with amenities like clubhouse, barbecue pits, tennis court and swimming pool, among others.

ECs, Condos vs HDB: How do they compare?One of the biggest differences between HDBs and ECs/condos is the price factor. The average per square foot price of HDB is between $330 to $700 . The psf cost of EC for the same area is around 2-3 times more expensive than an HDB. When it comes to condo, the psf cost goes up to 3-5 times the psf cost of an HDB.

List Of ECs and Condo launches to look out for in 2020For those of you looking to purchase an EC or a condo, this is the list of launches to look out for in 2020.

 

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