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Resale ECs hitting MOP in 2023 (and should you sell right after MOP?)

Like HDBs, executive condominiums (ECs) are subjected to a 5-year Minimum Occupation Period (MOP) 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. Resale ECs might be attractive to some buyers as they...

Yishun , Singapore-general- , Singapore , Keat-hong , Wellington , New-zealand-general- , New-zealand , Springdale , New-south-wales , Australia , Punggol , Choa-chu-kang

6 ECs with units less than $1m and more than 1,000 sqft + big price gap

Notable highlights:
The Floravale has huge units, as is typical of 20+ year-old condos. Most notably, its 3+1 room configurations go up to a whopping 2,303 sq.ft., and this development has 4-bedders reaching up to 2,746 sq. ft.
Yet at an average price of $656.90, one of the gigantic 2,746 sq.ft. units would only fall at around $1.8 million.
Along with its proximity to many schools, Floravale could be a value buy for larger families living in the west.
In terms of location, the Floravale is convenient to a specific group of buyers. If you make a lot of trips into Malaysia, for example, Floravale is one of the few properties close to Tuas Link MRT and the Tuas Checkpoint (about a 14-minute drive).

Tuas , Singapore-general , Singapore , Hougang , Henan , China , Jurong , Jiangsu , Malaysia , Jurong-east , Choa-chu-kang , Pasir