► ECs were first launched by HDB in 1997
► Aim was to provide private housing at affordable prices
► Buyers entitled to CPF Housing Grant of up to $30K (if eligible)
► ECs are designed, constructed and sold by private developers
► ECs come with full suite of condominium facilities
► Physically indistinguishable from private condominium in design
and physical outlook
► ECs can be sold as private condominiums after 5 years to
Singaporean and PRs in the open market, and to foreigners after 10
years