Exec condos helping people meet their housing aspirations: Khaw

[SINGAPORE] Most buyers of executive condominiums (ECs) in the past three years are HDB dwellers, suggesting that the EC scheme is still helping Singaporeans to meet their aspirations for private housing, said Minister for National Development Khaw Boon Wan.

In a blog post yesterday, Mr Khaw revealed that 11,000 Singaporean families bought ECs from Q4 2010 to Q4 2013.

About 86 per cent of the buyers are HDB dwellers and 55 per cent are second-timer households. Some 80 per cent earned $10,000 or less.