For subscribers
Are executive condominiums increasingly out of reach for aspiring HDB upgraders?
Recent moves suggest a policy intent to focus the exec condo market on catering towards first-time buyers, with huge implications for aspiring upgraders.
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For years, many Singaporeans have internalised the idea that upgrading property is a key pathway to retirement security. These aspirations and assumptions will have to be rethought.
ST PHOTO: LIM YAOHUI
Several years ago, as someone repeatedly unsuccessful in my applications for a Build-To-Order (BTO) flat, my then boyfriend and I considered an executive condominium instead.
We were nearing the income ceiling for BTO flats, so we assumed that an exec condo would be within reach. Then came the reality check.
