{"id":64295,"date":"2023-03-08T10:40:59","date_gmt":"2023-03-08T02:40:59","guid":{"rendered":"https:\/\/www.99.co\/singapore\/insider\/?p=64295"},"modified":"2024-09-12T17:34:14","modified_gmt":"2024-09-12T09:34:14","slug":"resale-ec-mop-2023","status":"publish","type":"post","link":"https:\/\/www.99.co\/singapore\/insider\/resale-ec-mop-2023\/","title":{"rendered":"Resale ECs MOP-ed in 2023 (and should you sell after MOP?)"},"content":{"rendered":"
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Like HDBs, <\/span>executive condominiums (ECs)<\/span><\/a> are subjected to a 5-year <\/span>Minimum Occupation Period (MOP)<\/span><\/a> as they are a hybrid of public and private housing. Once an EC MOPs, its owners are allowed to sell their unit on the resale market (to Singaporeans\/PRs) or put the whole unit up for rent.\u00a0<\/span><\/p>\n

\"Seller<\/a><\/p>\n

Resale ECs might be attractive to some buyers as they are generally more affordable than <\/span>new launches<\/span><\/a>. Once it reaches its 10-year mark, it is fully privatised, and its investment potential is likely to increase. A recently MOP-ed EC is also attractive as there will still be 94 years of the remaining lease and it will most likely be in good condition.\u00a0<\/span><\/p>\n

Rather look at ECs hitting MOP in 2024 and 2025?<\/strong> Read here<\/a>.<\/strong><\/em><\/p>\n

If you plan to buy a <\/span>resale EC<\/span><\/a>, here are six ECs that MOP-ed in 2023. <\/span>\u00a0<\/span><\/p>\n

Resale ECs MOP-ed in 2023<\/strong><\/h2>\n

Treasure Crest<\/strong><\/h3>\n

\"treasure<\/a><\/p>\n

Address:<\/b> Anchorvale Crescent
\n<\/span>Number of units:<\/b> 504
\n<\/span>Nearest MRT\/LRT stations:<\/b> Cheng Lim LRT (269m), Sengkang MRT (849m)
\n<\/span>Average price psf:<\/b> S$1,107<\/span><\/p>\n

Located in the Anchorvale area of Sengkang, <\/span>Treasure Crest<\/span><\/a> consists of 3 and 4-bedroom units, which are great for larger families with two to four children.\u00a0<\/span><\/p>\n

The EC is within walking distance of a Sheng Siong supermarket, a coffee shop and Sengkang General Hospital. The latter has a food court and other eating establishments. Compass One shopping mall and Kopitiam Square (which has a hawker centre and wet market) are also just one LRT stop away.\u00a0<\/span><\/p>\n

For buyers with young children, the good news is that five <\/span>primary schools are within 1km<\/span><\/a> of Treasure Crest. These are Nan Chiau Primary, Springdale Primary, Anchor Green Primary, Punggol Green Primary and Compassvale Primary.\u00a0<\/span><\/p>\n

Sengkang Riverside Park is also a few minutes away, where residents can enjoy a refreshing walk and the facilities at Sengkang Sports Complex. Plus, there\u2019s a park connector which links to Punggol Waterway Park and Coney Island.\u00a0<\/span><\/p>\n

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ECs for sale at Treasure Crest<\/h4><\/div>\n
See all listings<\/a><\/span><\/div>\n <\/div>\n
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\n \"Treasure\n <\/div>\n
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Treasure Crest<\/div>\n
60 Anchorvale Cres \u00b7 D19<\/div>\n
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\n \"bedroom\"\n 3<\/span>\n <\/div>\n
\n \"bathroom\"\n 3<\/span>\n <\/div>\n
\n 1,076 sqft<\/span>\n <\/div>\n <\/div>\n
S$ 1,799,999<\/div>\n <\/div>\n
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