NEWS FLASH 8 May 2026 New EC Scheme
1. Revision in Minimum Occupation Period (MOP) and Privatisation Period
– MOP extended from 5 years to 10 years
– Privatisation increased from 10 years to 15 years
2. Increased in First Timer (FT) quota
– FT quota increase from 70% to 90%
– 2T quota reduced from 30% to 10%
3. Extend priority period for First Timers
– FT priority extended from 1 month to 2 years
– 2T booking after 39 months after award of tender
4. Removal of Deferred Payment Scheme (DPS)
– EC purchasers will only purchase under Normal Paymebt Scheme (NPS)
Measure will apply to all EC projects on GLS tender closing on or after 8 May 2026. The 5 upcoming ECs will not be affected by the new measures. They are:
– Senja Close – Developer: CDL. Targeted Balloting Period: 2026 Q4.
– Woodlands Drive 17 (site 1) – Developer: CDL. Targeted Balloting Period: 2026 Q4.
– Sembawang Road – Developer: JBE Holdings. Targeted Balloting Period: 2027 Q1.
– Woodlands Drive 17 (site 2) – Developer: Sim Lian. Targeted Balloting Period: 2027 Q2.
– Miltonia Close at Yishun – Site is open for sale in Dec 2025.