In a survey conducted by PropNex, 1,250 respondents indicated that prices of new executive condominiums (ECs) were either unaffordable or extremely unaffordable. Ismail Gafoor, CEO of PropNex Realty, suggested, “To address this, the government could consider adjusting policies to improve EC affordability. This could include raising the monthly household income ceiling above the current S$16,000 for couples or families, or increasing the mortgage servicing ratio (MSR) from the current 30 percent, given the recent rise in EC prices.”