SINGAPORE: Which option offers better value in Singapore’s property market—a Build-To-Order flat or an Executive Condominium ? According to the Singapore Business Review, DBS has advised considering
factors like resale conditions, personal goals, affordability, and housing supply when choosing between a BTO flat and an EC.If your goal is to get capital gains from assets, DBS said ECs are the way to go. DBS noted that ECs tend to “have the potential for higher price appreciation” than BTO flats.
Based on historical data, DBS added that the median price of new private launches could serve as a “proxy” for the resale price of ECs once they reach MOP. DBS added that the current median price of S$2,200 per square foot for new private launches could provide an estimate of potential future resale prices for ECs, assuming household income growth supports future demand.When it comes to cost, DBS highlighted that BTO flats require a smaller down payment of 10%, usually covered by an HDB loan.DBS said that because the overall cost is high, the difference in the down payment is “significant.
However, BTO flats in the Plus and Prime categories have stricter rules, including a 10-year MOP, no renting out the whole flat after the MOP, a 6% to 9% resale subsidy clawback, income caps for resale eligibility, and a 30% Mortgage Servicing Ratio limit for resale buyers.
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