ECs are privately-developed condominiums (private condos are usually more expensive) with condo-like amenities. However, ECs are subsidized by the government for the first 10 years, during which they are HDB properties and bound by their rules and regulations, including the 5-year Minimum Occupancy Period and eligibility schemes. Furthermore, you will be required to pay a resale levy if you ever decide to sell your EC.
CDL and MCL Land have jointly submitted a Luminar Grand Tender Bid for the development of the Copen Grand EC. The development will be located near two major expressways: Pan-Island Expressway (PIE) and Kranji Expressway (KJE). It will also have good connectivity to other parts of Singapore, including the Central Business District. The project will be built within a lush park, with dedicated walking and cycling paths.
MCL and CDL intend to build twelve buildings with as many as fourteen storeys each. The proposal has
