Executive Condo (EC) always give others a perception that it is a cheaper property and it is like a subsidised condo in a way. But in today’s market, you are really rich if you can afford to buy an EC.
The downpayment for an EC may cost you more than a condo in today's market. In this video, we share the total outlay for 3 bedroom and 4 bedroom.
Don’t get us wrong, we are not saying EC is expensive and you should not buy an EC. Buyers should still consider buying an EC, because the loan repayment is very affordable, as your monthly monthly instalment is definitely within 30% of your income.
Based on the past data, all the EC homeowners had always made a handsome profit when they sold their place in normal circumstances. That’s why you should always consider buying an EC if you are eligible and can afford one. In summary, EC isn’t for anyone.
Kudos to you, if you are new EC homeowner.
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