Singapore experienced a boom in executive condominiums during the second half of this century. As a way to limit the growth in demand for residential properties in the city, these first housing structures were built in Singapore. The executive condominiums – or ECs – were a more affordable alternative to the expensive private residences that the majority of people occupied. ECs, developed by government officials to meet the needs of a vast number of citizens in the city and to reduce demand. Come and visit our website search it on Grand Dunman you can learn more.
Housing and Development Board of Singapore – HDB – soon abandoned these forms of housing and focused on the construction of apartments and smaller flats. HDB recently began to focus on the ECs again, as they have become more popular. They have also announced a number projects. Projects will be built in different parts of Singapore. As a result, at the start of the decade to come, Singaporeans will be able buy affordable houses for their own families. ECs appeal to the masses in Singapore for a range of different reasons.
There are many executive condominiums available in the city at lower prices. One example is the Signature Grand Dunman. While the price of these apartments is a little higher, they are not as expensive as the HDB of Singapore apartments.
Singapore’s ECs offer many amenities similar to private condominiums. These include swimming pools and gymnasiums as well as parking areas, play parks or playgrounds for the children, backup power systems, water running 24×7, etc. There are many ECs in development here that have similar features.
There is little competition in these executive condos due to the fact that they cannot be bought by foreign nationals who reside in the area. The citizens don’t need to do anything special to be able to afford or buy a property at one of many executive condo complexes. These executive condos, such as Signature at Grand Dunman, are priced very affordably.
This is because there are some regulations which apply for the occupants. So, not everyone in the city can get these properties. Very few people have the ability to acquire such properties. Also, this is a major factor in determining the price of the executive condos.