Singapore tightens executive condo rules to curb property flipping

Singapore has implemented stricter rules on executive condominiums (ECs) to deter property flipping, including doubling the minimum occupation period from five to ten years. Buyers must now wait longer before renting or selling their units, and the privatization period has been extended to 15 years. Developers are required to allocate 90% of EC units for first-time buyers in the initial two years. Analysts expect a near-term boost in demand for upcoming projects not affected by these changes, while the longer MOP aims to reduce resale profits and flippers in the market.