Government To Build More Executive Condos
Sunday, 14th March 2010
The Singapore Government announced that they will build more Executive Condominiums (ECs) to meet the housing needs of what is described as the "sandwiched group". The so-called sandwiched group are those family that are earning betwen S$8,000 to S$10,000 per month. The Government also promised that they will give the S$30,000 housing grant for first time home owners. For the year 2010, ECs will make up 10 per cent of about 12,000 new flats to be built by HDB.