New ECs are new launches, while by “MOP EC” we refer to ECs that have crossed the five-year mark. A privatised EC is one that has crossed 10 years in age.
These are differences between them:
| New EC | MOP EC | Privatised |
| HDB eligibility requirements | Yes, must meet usual requirements | Yes, but fewer restrictions | No, considered private and not HDB |
| Housing grants | Yes | No | No |
| Minimum Occupancy Period (MOP) | Five-year MOP applies | No | No |
| Can sell to foreigners or entities | No | No | Yes |
| Mortgage Servicing Ratio (MSR) applies | Yes | No | No |
| Total Debt Servicing Ratio (TDSR) applies | Yes (you need to meet both the MSR and TDSR) | Yes | Yes |
Note that in all of the above cases, you have to use a bank loan. There’s no HDB loan for ECs.