First EC tender under new rules draws record-high bid from developers - CNA

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https://www.channelnewsasia.com/singapore/canberra-drive-ec-tender-new-rules-record-high-bid-6424671

First EC tender under new rules draws record-high bid from developers - CNA

The government had changed the rules for ECs in hopes that it would drive down developers’ bids.

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Minimum occupation period for ECs doubled to 10 years; first-time buyers to get greater priority
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Minimum occupation period for ECs doubled to 10 years; first-time buyers to get greater priority