Source: Mediacorp Channel 5
As discussion on executive condominiums have recently been on the rise, Minister of National Development Mr Khaw Boon Wan expressed his views in parliament.
In his speech, Khaw Boon Wan mentioned: “Buying an EC is like offering you a Lexus at the price of a Corolla. Only Singaporeans have this privilege and in due course, the price will go up to Lexus and above Lexus level”.
This allow Singaporeans to benefit from the EC scheme, and allow owners of The Criterion to not only fulfill aspirations to live in a condominium, but also provide a safe long term investment with high profit margin for EC owners.
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