Imagine a home that bridges the gap between traditional HDB flats and private condominiums – where sophistication meets functionality, and spaciousness redefines comfort. This is what executive apartments offer – a haven for families and individuals seeking more space to live in.
Aside from the enviable amount of living area, executive apartment owners can also enjoy many more perks compared to other property types. They can take advantage of a wide range of design features, including large balconies that provide ample room for relaxation and outdoor dining. Additionally, they can utilize the large floor area to create multiple living spaces, enabling them to tailor their home according to their unique lifestyle needs.
As more buyers seek out space and style, the market for hdb executive apartment is steadily on the rise. While purchasing a EC will require a substantial amount of cash in the form of down payments and Cash Over Valuation (COV), it is an ideal option for buyers who want to live in a prime location without breaking the bank.
One of the most common questions is what sets a hdb executive apartment apart from other housing options. While buying a public HDB flat from the government is certainly affordable, it comes with stringent regulations regarding income ceilings and eligibility schemes. For this reason, a significant portion of the population remains outside the scope of the public housing system. Hence, the development of hdb executive apartments emerged as an alternative for those who wish to get into the property market but are still unable to afford private homes.
Unlike a typical HDB flat, an executive apartment is more suited to larger families with the availability of multiple bedrooms and a separate study. These units also typically come with a larger living area and can include additional rooms such as a utility room or family room. The layout is designed to maximize functionality and allow for more space in key areas such as the kitchen, dining and living room.
While the average size of an executive apartment is 145 sqm, there are rare occasions when a more significant unit is transacted. For example, a 149 sqm maisonette in Block 102 of Bishan was recently sold for over $800,000 with more than $100,000 Cash Over Valuation.
Jumbo flats are relatively hard to find in the resale market, especially those in popular locations like Ang Mo Kio, Bishan, Bedok, Hougang, Jurong East, Punggol, Tampines, Yishun and Woodlands. However, if you’re keen on owning a jumbo flat in these areas, you can always consider creating your own via the HDB’s Conversion Scheme.
With only a handful of jumbo flats available on the market, you’ll have to act fast to secure your ideal flat. To help you navigate the competitive market, browse through the latest hdb executive apartment for sale and rent with our user-friendly search filters. You can even filter by the type of layout and facilities that you are looking for.