Executive Condominium (EC) Purchase Rule Revisions for New Launches
Recent revisions to the rules governing the purchase of new launch Executive Condominium (EC) have introduced material changes for prospective buyers and market participants.
Summary of Key Revisions for New EC Buyers
- Updated Minimum Occupation Period (MOP) requirements.
- Greater priority for first-time buyers, with a higher quota allocation set aside for this group. Increase priority period for first-timers.
- Removal of the Deferred Payment Scheme for new ECs purchased directly from private developers.
Comparison: Current vs New Rules (New Launch ECs)
| Measures | Current rules (before revision) | New rules (from 8 May 2026 GLS EC tenders) |
| Minimum Occupation Period (MOP) | 5 years | 10 years |
| Full Privatisation | 10 years | 15 years |
| Quota Allocation for First-time Buyers | 70% | 90% |
| Quota / allocation for second-timers | 30% | 10% |
| First-timer Priority window | 1 month | 2 years |
| Deferred Payment Scheme (DPS) for new ECs bought from developers | Available (Buyers could opt for Deferred or Normal Payment Scheme) | Only Normal Payment Scheme |
| Effective date | Applies to sites before 8 May 2026 tender closing | Applies to all GLS EC sites with tender closing dates on 8 May 2026 and thereafter |