Written Answer by Ministry of National Development on whether there are plans to increase the number of executive condominiums to meet the demand of HDB upgraders

Mar 4, 2021

Mr Gan Thiam Poh: To ask the Minister for National Development whether there are plans to increase the number of executive condominiums to meet the demand of HDB upgraders. 

Answer:

The Urban Redevelopment Authority (URA) and the Housing & Development Board (HDB) work closely together to plan the supply and development of land for housing in Singapore. These plans ensure a good mix of public and private housing, including executive condominiums (ECs), and a wide range of supporting amenities to serve the needs of the residents.

In planning for the supply of land for ECs, the Government takes into consideration many factors, such as existing unsold stock, take-up rate of new EC units, and prevailing economic and housing market conditions, which can fluctuate from year to year.  

The Government will continue to monitor the EC market closely and adjust the supply of ECs in future Government Land Sales (GLS) Programmes as necessary.