Investing in an EC is one of the best ways to own a home in Singapore. ECs have a hybrid housing model, which means they can be rented out just like private condos, but at a lower price. These types of properties are also more ‘atas’ than private condos.
ECs are a type of hybrid housing in Singapore, falling somewhere between private and public housing. Like private condominiums, they are built and managed by private developers but come at a much lower price because of a subsidy provided by the government. Most Tengah Plantation EC ECs are located outside of the city and on land that is cheaper to buy. In about 10 years, these houses will be converted into private properties.
There are several EC projects in Singapore. One is the North Gaia, which is expected to be ready in 2022. Two more EC projects will be launched this …