La Casa was the last Executive Condominium (EC) that was brought into the market (By Far East Organization) and has been around for Close to 5-Years now. La Casa is completing its expected Minimum Occupation Period (MOP) in the 1st Quarter of 2013. It is located in Woodlands (District 25) and is Close to Johor.
All EC’s are built on 99 Years Leasehold Land and a joint project between HDB and Private Developers. Executive Condominiums are developed and sold by Private Developers. They are comparable in design and facilities to Private Condominiums but are sold at more Competitive Prices.
What makes EC’s most Unique is that it is technically a Private Strata-titled property just like any other condominium; however it cannot be resold before the Minimum Occupation Period (MOP) has been satisfied. The MOP starts when the buyer collects the keys, and Ends 5 years later in which Owners can Resell their unit in the Open Resale Market, just like any Private Property. Additionally, Selling to Foreigners can only be done After 10 Years.
Find out more about La Casa