Choosing Between ECs and Private Condominium
Despite the obvious similarities in their names, these two types of residential properties are distinct in their own ways. In this article, we will be answering all the common questions regarding the differences.
Executive Condominiums, or ECs, are a unique public-private hybrid type of housing. It begins as public housing but transitions to private housing after a period of 10 years.
Private Condominiums, on the other hand, are privately owned residential properties containing many residential units available to be owned by different owners. These come in either freehold, 99-year leasehold, or 999-year.