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Set lower priority, not 30-month wait, for 2nd EC buy

It is impractical for a family with an existing executive condominium to buy a second one from a developer, due to the 30-month wait they must fulfil first.

Joanne Tan

It is impractical for a family with an existing executive condominium to buy a second one from a developer, due to the 30-month wait they must fulfil first.

Where would the family live in that period and in the three to four years it takes for an EC to get its temporary occupation permit? The Housing and Development Board should enforce housing priorities in a more practical manner. Why state that a citizen is eligible to buy two new ECs in his lifetime, yet make it difficult to do so instead of just according a lower priority to the second application?

On the one hand, owners must wait 30 months, like owners of private property. On the other hand, the former must pay a resale levy for some projects now, to bring terms for ECs closer to those for public housing.

EC owners are caught in between, despite having met the initial eligibility and ownership conditions such as the Minimum Occupation Period and the subsequent resale restriction until after the 10th year. The 30-month wait is on top of these.

The HDB should make up its mind which category EC owners should be in: HDB upgraders or private property owners?

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