Each person has their own needs, and it is best to research each option before deciding on a type of residential unit in Singapore. DBSS units are more affordable than other options because they offer the lowest-priced homes but require monthly payments for home maintenance fees, which can be up to $200 per month or $2144 over five years. EC buildings provide households with exceptional amenities like swimming pools and gyms that will help you show off your lifestyle! These luxury features come at an increased cost though so this may not be right for everyone looking for affordability.
Design, Build and Sell Scheme (DBSS) is an abbreviation for the term Design, Build and Sell Scheme. This was first introduced by Singapore’s Housing Development Board in 2005. Flats built under this scheme were meant to be public housing units that would be developed privately with HDB managing them after completion of construction. Supposedly these flats are designed better than typical HDBs but don’t come equipped with a swimming pool or fitness center!
Executive Condominiums, or EC as it is more commonly known, are a type of housing in Singapore. Generally speaking they resemble private condominiums and are enclosed within gated compounds with amenities such as swimming pools and clubhouses. The difference between an executive condo (EC) to other types of residences is that buyers can take Central Provident Fund grants towards the purchase price from their earnings so these homes do not cost much higher than public housing units.
Executive condos were first built in 1999 when the Government realised there was need for new forms of residential buildings due to existing shortages across all markets – including affordable ones like public flats which had long waiting lists at this point because families who qualified could simply buy into them instead thanks to CPF grants.
Hence an EC is subject to some regulations that apply to HDB flats:
Cities are quickly growing and evolving around the world. This can make it difficult to find a place that is both reasonably priced and in an up-and-coming area, but fortunately there has been some new developments in housing for highrise living which might be just what you’re looking for! These types of apartments offer many desirable amenities including fitness centers, pools or gyms as well as other nice additions like grocery stores on site. You’ll get your own private kitchen with all modern appliances too so no more waiting hours at restaurants near closing time because now you have everything you need right within arm’s reach. And if most importantly: these buildings come fully furnished from top to bottom meaning no moving stress either way! So before going off to your job interview you can hop into some clothes and grab that coffee because everything is there for the taking!
ECs are an excellent option in terms of affordability when compared to other types such as the BTO. This comes with a downside though – not all buildings come equipped with pools, gyms or even grocery stores so it may be best to research the specific building before committing.
ECs have a clubhouse, gymnasium, pool and security. They’re similar to private condos but are more affordable because they don’t require HDB loans like DBSS do.
ECs can be bought from developers, and you are mandated to live in the EC for a minimum of five years. After that, if you’re selling it back to Singaporeans or PRs, there will be no restrictions on who is eligible to buy it based on nationality.
DBSS units come with all amenities such as gyms, pools, and grocery stores. A DBSS unit starts at $360,000 for a three bedroom set up with the cheapest units being from Tampines to Yishun
DBSSs can be bought directly from developers or through resale by Singaporeans/PR’s only if it is ten years old or older
Location is one of the key factors to consider when purchasing a house. Location can determine how much your property will be worth once you sell it, so take this into account if you are worried about what happens after resale in an EC that isn’t as established as other neighborhoods.
If you want to live in a furnished and well-designed home, the EC is your best option. And if price isn’t an issue for you or budgeting is important but wants more amenities with their design then opt for DBSS instead. But like I said before, BTOs are great options too since they leave room open to be customized as desired by the owner of these properties.
With Diva’s Interior, you will be provided by affordable and efficient quality work. We also prioritise transparency, high quality work, affordable and efficient services to our potential clients. When you need help with a DBSS or EC flats renovation journey or ideas for your home, do not be hesitant because we are here for you.
Contact Diva’s Interior or you can come to our showroom in 18 Boon Lay Way #01-136 Tradehub 21, or in 140 Paya Lebar Road #01-20 AZ @ Paya Lebar, Singapore.