The Terrace Singapore Executive Condominium is near the area where the Edgedale Plains meets the Punggol Drive. It is also known as Punggol EC. An Executive Condominium is essentially a hybrid between private property and a HDB flat. The Executive Condominium was introduced as a means to encourage Singaporean families to own private property.
It was begun in December of 2014 and is the fourteenth EC in district 19. Purchase of a unit grants ownership and resale restrictions such as an income ceiling and a five year minimum occupation period. Policies changes are made in accordance with market sentiments. The EC in question is the last batch not affected by a second timer resale levy which can be upwards of $55,000 depending on the type of subsidized flat. Additionally first timers may qualify for CPF housing grants targeted at those who have received a housing subsidy previously. Units are by developer and subject to HDB approval.
The Terrace Singapore Executive Condominium project is a suitable place for families and those looking to start a family. The well designed facilities are in three different tiers. Tiers which are categorized by three main components the Active, Leisure, and Tranquil Tiers. Below you will find a brief description of the events that take place within each tier. Go to the official website http://www.theterrace.info/ for details