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9 Freshly MOP-ed Resale Executive Condos in Singapore for 2023/2024

9 Freshly MOP-ed Resale Executive Condos in Singapore for 2023/2024
9 Freshly MOP-ed Resale Executive Condos in Singapore for 2023/2024

EC MOP dates are something you want to pay attention to if you aspire towards condo living but at a lower cost. The executive condominium (EC) is a public-private hybrid type of home that was introduced to cater to the aspirations and needs of the “sandwich class” – households that have exceeded the income ceiling for public housing (HDB flats), but still couldn’t comfortably afford a private property.

ECs are subsidised by the Singapore government but come with condo features such as better fittings and facilities like swimming pools, landscaped gardens, gyms, BBQ pits, and more. Hence, those who want to upgrade from their HDB flat to a private property can consider resale ECs as an option.

Keen on buying A resale EC? Then here’s a list of resale executive condos for sale in Singapore which hit their five-year EC MOP mark in 2023 and 2024 for you to consider.

Watch How to Buy an EC

Resale Executive Condos That Have Reached EC MOP in 2023

  • The Criterion

  • Wandervale

  • Parc Life

  • Sol Acres

  • The Visionaire

  • Treasure Crest

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The following listed prices are taken from listings on PropertyGuru and are accurate at the time of writing (19 January 2024). However, due to the nature of property listings, they may be taken down or changed at any time. Didn’t see the EC you want? Browse all available executive condominium units for sale on PropertyGuru instead.

1. The Criterion

Resale executive condo name

The Criterion

EC TOP date

18 February 2018

EC MOP date

18 February 2023

District

27

Price

$938,000 to $1,780,000

The Criterion is an EC with 505 units ranging from 2- to 5-bedroom units, as well as 3- and 4-bedroom premium units. Privacy is a key focus for this development, thanks to the layout of the buildings and balconies that face the picturesque Lower Seletar Reservoir.

Residents also enjoy a rooftop dining area and electric solar-powered bicycles among other on-site facilities. Nearby learning institutions include Yishun Junior College School, Naval Base Primary School, Chung Cheng High School, Orchid Park Secondary School, Northbrooks Secondary School, Rainbow Centre – Yishun Park School and Northland Primary School.

Browse all available The Criterion units for sale on PropertyGuru.

2. Wandervale

Resale executive condo name

Wandervale

EC TOP date

14 March 2018

EC MOP date

14 March 2023

District

23

Price

$1,328,000 to $1,850,000

Wandervale is an EC with 534 units in 3- and 4-bedroom units housed over nine blocks. Residents can walk to Keat Hong LRT station or Choa Chu Kang MRT station in less than 10 minutes.

Amenities in the area include Dairy Farm Nature Park, Stagmont Park and The Wildlife Reserves Singapore, and schools of note nearby are Concord Primary School, Assumption Pathway School, Teck Whye Primary School, and Regent Secondary School.

Browse all available Wandervale units for sale on PropertyGuru.

3. Parc Life

Resale executive condo name

Parc Life

EC TOP date

29 March 2018

EC MOP date

29 March 2023

District

27

Price

$1,018,000 to $1,650,000

Parc Life is an EC with 628 units and is about a 10-minute walk to Sembawang MRT station. Other amenities in the area include Sun Plaza and Sembawang Shopping Centre, and the schools are Sembawang Primary School, Sembawang Secondary School and Canberra Primary School.

Browse all available Parc Life units for sale on PropertyGuru.

4. Sol Acres

Resale executive condo name

Sol Acres

EC TOP date

12 March 2018 / 26 April 2023

EC MOP date

12 March 2023 / 26 April 2023

District

23

Price

$780,000 to $1,838,000

Sol Acres is an EC with a whopping 1,327 units split over three towers. The MCL Land development is also kitted out with amenities that include a tennis court, table tennis pavilion, gymnasium, a 50-metre lap pool and a rollerblading trail.

The executive condo is a three-minute walk from Teck Whye LRT station (three stops away from Choa Chu Kang MRT station / Bukit Panjang MRT station). Nearby schools are Delta Senior School, ITE College West, CGM Kindergarten, Ichiban Nurtureland Kindergarten (Choa Chu Kang), South View Primary School and Teck Whye Primary School.

Browse all available Sol Acres units for sale on PropertyGuru.

5. The Visionaire

Resale executive condo name

The Visionaire

EC TOP date

June 2018

EC MOP date

14 June 2023

District

27

Price

$1,200,000 to $1,880,000

The Visionaire is an EC with 632 units in 2- and 3-bedroom configurations, and the development is a seven-minute walk from Canberra MRT station. Schools in the area include Yishun Primary School and ​​Ahmad Ibrahim Primary/Secondary School.

Browse all available The Visionaire units for sale on PropertyGuru.

6. Treasure Crest

Resale executive condo name

Treasure Crest

EC TOP date

14 September 2018

EC MOP date

14 September 2023

District

19

Price

$1,375,000 to $2,068,000

Treasure Crest is an EC with 504 units. It is a five-minute walk to Cheng Lim LRT station, on the Sengkang LRT line west loop. Schools in the vicinity include Nan Chiau High School, Anchor Green Primary School and Nan Chiau Primary School.

Browse all available Treasure Chest units for sale on PropertyGuru.

Resale Executive Condos That Will Fulfil the EC MOP in 2024

  • Northwave

  • iNz Residence

  • Hundred Palms Residences

1. Northwave

Resale executive condo name

Northwave

EC TOP date

11 February 2019

EC MOP date

11 February 2024

District

25

Price

$880,000 to $1,800,000

Northwave is an EC with a total of 358 units, across 2-, 3-, 4- and 5-room bedder configurations as well as six penthouse units. The property is 15 minutes’ walk from Admiralty and Sembawang MRT stations on the North South line. Those who are looking for an escape from the hustle and bustle of the city will appreciate the greenery and tranquil surroundings of the estate.

Woodlands MRT station is just one stop away from Admiralty MRT station. There, residents can enjoy the amenities and dining options available at Causeway Point. The Woodlands Checkpoint is a short 20-minute drive away, making a weekend escape to Johor Bahru easily accessible.

Browse all available Northwave units for sale on PropertyGuru.

2. iNz Residence

Resale executive condo name

iNz Residence

EC TOP date

30 April 2019

EC MOP date

30 April 2024

District

23

Price

$1,308,888 (only one unit available at the time of writing)

iNz Residence is an EC with 497 units with 2-, 3-, and 4-bedder options. Currently, the nearest MRT stations are Choa Chu Kang and Yew Tee MRT stations on the North South line and Bukit Panjang MRT station on the Downtown line. Travel time to these stations via a combination of walking and bus rides is about 20 minutes.

The development borders the upcoming Tengah HDB estate and is a short 10-minute drive to Hillion Mall and Bukit Panjang Plaza. Nearby schools include Concord Primary School, Swiss Cottage Secondary School, Chua Chu Kang Primary School, and South View Primary School.

Browse all available iNz Residence units for sale on PropertyGuru.

3. Hundred Palms Residences

Resale executive condo name

Hundred Palms Residences

EC TOP date

18 December 2019

EC MOP date

18 December 2024

District

19

Price

No available units for sale at the time of writing

Hundred Palms Residences is an EC with 531 units in configurations that include 3-, 4-, and 5-bedroom units. Nearby malls, such as Hougang Green Shopping Centre, The Greenwich V, and The Heartland Mall, provide residents with a host of dining and shopping options.

The most accessible MRT stations to the property are Serangoon MRT station (seven bus stops away) and Hougang MRT station (six bus stops away). Schools in the area include ​​Bowen Secondary School, Rosyth School, and Xinmin Secondary School.

Why Should You Buy an Executive Condo in Singapore?

ECs are built and sold by private developers but are typically about 25% cheaper than their private counterparts. This is because the Urban Redevelopment Authority (URA) allocates land for such subsidised residential dwellings based on the Government Land Sales (GLS) programme.

For those who wish to enjoy condo facilities, purchasing an executive condo becomes a more viable, affordable option than purchasing private property. Furthermore, eligible EC buyers can use the CPF housing grants to offset some of the costs. Another plus is that 70% of EC units are earmarked for first-timers during the developer’s initial launch period.

After 10 Years, ECs Essentially Become ‘Private Property’ 

For the first 10 years after an executive condo receives its Temporary Occupation Period (TOP), only Singaporeans and Singaporean Permanent Residents (PRs) are allowed to purchase them. Upon privatisation from its 11th year, EC units can be put up for sale or rent to foreigners.

The above reasons make ECs a good option for own-stay purposes. But what are some things to take note of if you’re an EC owner hoping to sell or rent out their property?

Can I Rent out My EC Before MOP?

While you cannot rent out the entire unit you own during the five-year EC MOP, you can rent out a room. After the EC MOP is fulfilled, you can sell or rent the unit to Singaporeans and PRs.

Is Buying an EC a Good Investment?

The low initial selling price of an EC fosters greater capital appreciation within the first five years of its launch. A study conducted by Squarefoot revealed that the price gap between a private condo and a nearby executive condo can narrow substantially after the latter has met its 5-year EC MOP.

With a red-hot rental market, current market conditions also suggest ECs can offer a good rental yield, should you choose to lease out your property for rental income.

4 Reasons to Buy a Resale EC in Singapore

1. No MOP for Resale ECs

For BTO flats, DBSS units and resale flats, the MOP is calculated from the date you get the keys to your new home. But for an executive condo, the EC MOP is calculated from the TOP date.

This means buying a resale EC allows homeowners to gain the flexibility to move as early as a good opportunity presents itself.

2. Resale ECs Are Closer to Becoming Private

While not so relevant to own-stay properties, this is particularly beneficial for those looking for investment opportunities to sell or rent to foreigners in Singapore.

3. Can Keep Your Current HDB Flat

Also, if you already own an HDB flat and you don’t want to give it up, you can’t buy a new EC. You can, however, buy a resale EC which has been privatised.

Do note that you still need to have met the MOP of your previous HDB flat, and the Additional Buyer’s Stamp Duty (ABSD) applies for the resale EC, which is considered your second property.

4. Resale ECs are Already Built and Completed

Lastly, resale ECs are already completed and more or less move-in ready. New launch executive condos can take years to build, and you can’t inspect the place before paying. Resale ECs are better for those who need a new home quickly, and like to do a physical viewing before committing to the purchase.

Financing Your EC Purchase

If you intend to buy an EC, you must finance your property purchase with a bank loan. If you’re unsure of how to navigate the bank loan application process or which loan to pick, speak to a PropertyGuru Finance Mortgage Expert. They can give you tailored home financing advice and guide you every step of the way. The best part? It’s at no cost!

For more property news, content and resources, check out PropertyGuru’s guides section.

Looking for a new home? Head to PropertyGuru to browse the top properties for sale in Singapore.

Need help financing your latest property purchase? Let the mortgage experts at PropertyGuru Finance help you find the best deals.