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Real Estate Realities by Ku Swee Yong

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8.

The future of ECs

— Another cow for the slaughterhouse?

30 April 2013, TODAY

Over the weekend, there was an unexpected mini bout of excitement amongst property agents, developers and residential property investors about Executive Condominiums (ECs). The Minister of National Development, Khaw Boon Wan, vocalised his thoughts that “something is wrong somewhere” with the EC scheme as it stands today. He hinted that the scheme should be tweaked.

Many questions were raised by the media, property agents and investors as to where the EC scheme might go. And without getting more details other than media reports, property agents and developers would not be able to respond to investors clearly without any risks of misrepresentation. Opinions around ...

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