Completion period for EC sites extended to 5 years

Singapore

THE government is extending the project completion period (PCP) for executive condominium (EC) sites from four years to five years.

The longer PCP starts with the EC site in Sumang Walk in the Punggol area, which was launched on Tuesday by the Housing & Development Board (HDB) under the confirmed list of the second-half 2017 Government Land Sales (GLS) Programme.

When contacted, a spokeswoman for HDB noted that the four-year PCP fo…