Minimum occupation period for executive condos doubled; first-timer quota, priority expanded

AI Summary

In Singapore, measures have been introduced to bolster first-time home buyers' chances of acquiring executive condominiums. Notably, the minimum occupancy period for such units has been doubled as part of these efforts.

Developers can also no longer offer the Deferred Payment Scheme for executive condominiums as part of measures to help first-time home buyers get a unit amid rising prices.