Both executive condominiums and private condominiums offer same luxurious living facilities to the home buyers. From attractive locations to lavish amenities everything is same. Then what makes these two housings differ from each other?
The majority of people will say that there is no difference between these two. Making a choice between EC and the Private condo is very tough decision to make for those people who can afford both types of property. If you are suffering from the same crucial situation, then let’s learn what are the differences between these two.
Executive condominiums are built to fulfill the needs of many sandwich class people who can afford more than HDB flats but cannot purchase a private condominium. EC is subsidized by the government and not everyone can Buy Executive Condominiums. There are restrictions, rules, and regulations that need to be followed.
On the other hand, Private condominiums come with little to no restrictions at all. It is the prototype of modern day living. Most of the time, they are located in prime districts near schools, business centers, shopping malls, parks, tourist attractions and financial hubs. Compared to other types of private properties, condominiums are more affordable making them popular with prudent Singaporeans.
EC comes with facilities like swimming pools, parks, tennis court, 24/7 security, lobby, fitness gym, function rooms and BBQ pits, etc. They are usually priced 20-30% lower than private condos, depending on the location.
There are so many Ec’s in Singapore to cater the demand of Singaporeans. The Hoi Hop developer and Sunway developers bring a brand new EC ‘Rivercove Residences’ located at Anchorvale lane in Sengkang. Rivercove EC is loaded with all the facilities whether your entertainment needs or shopping need. The iconic Compass One Shopping Centre located next to the Sengkang MRT Station provides all the daily necessities. Sengkang Sports and Recreation Centre is just a minute away from EC. It’s perfect to live with the family.