The Singapore government has introduced significant changes to the Executive Condominium (EC) Housing Scheme, aiming to support first-time homebuyers. Effective from 8 May 2026, the measures include extending the minimum occupation period (MOP) for new ECs to 10 years, removing the Deferred Payment Scheme (DPS), and increasing the EC quota to first-time buyers to 90% with a two-year priority period for purchasing new EC units.
The EC Housing Scheme, launched in 1995, offers an affordable pathway to private housing for higher-income Singaporeans. The latest changes are designed to address the evolving housing needs and lifestyle preferences of Singaporeans. Kelvin Fong, CEO of PropNex, remarked that the measures are timely and favour first-time buyers, reinforcing the scheme’s intent to meet homebuyers’ aspirations.
Government data shows a decline in first-time EC buyers, from about 50% in 2020 to between 30% and 40% in 2024 and 2025. The new measures aim to reverse this trend by making ECs more accessible to first-time buyers. The extension of the MOP aligns with public housing frameworks, promoting a homeownership mindset over investment.
The removal of DPS is expected to moderate initial take-up rates, as it previously allowed buyers to defer loan servicing. This change may lead to more pricing transparency and financial prudence among buyers. The increased first-timer quota and extended priority period are expected to enhance access for first-time buyers, particularly in popular locations.
These changes could impact EC land bids, with developers likely adopting a cautious approach due to market uncertainties. The five upcoming EC projects in Senja Close, Woodlands Drive 17, Sembawang Road, and Miltonia Close, offering 1,970 units, are expected to see strong demand as they remain unaffected by the new measures.
