Are ECs a better long-term investment than condos? (Business Times, 25 Feb 2016)
Profits for owners in 21 privatized EC (Lianhe Zaobao, 29 Feb 2016)
Minister Khaw Boon Wan on EC
In Parliament on 14 Jan 2013, Mr Khaw defended the EC scheme, saying that it is still a “relevant” and “market friendly” way of allowing the middle class to buy condominiums at affordable prices.
He likened the scheme to offering buyers an upmarket Lexus car at the much lower price of a Toyota Corolla.
“But only Singaporeans have this privilege of doing so and they know that, in due course, prices will go up, and to above the level of a Lexus. So, I think it’s a very good scheme and we should ensure its continuity,” he said.