EXECUTIVE condominiums (ECs) were originally conceived to cater to the aspirations and needs of the so-called “sandwiched” class – those whose household income exceed the ceiling for public housing, but are not yet able to comfortably afford a private condominium. Currently, the monthly household income ceiling to qualify for an EC purchase is set at…
Property developers sold 805 housing units in August, including executive condominiums (ECs). The five top-selling projects, all located in the Outside Central Region (OCR), are: 1) Treasure Crest EC (OCR) Developer: Sim Lian Group Tenure: 99-year leasehold Location: Anchorvale Crescent (D19) Nearest MRT station: Sengkang MRT Median price: $745 psf Total no. of units: 504…
332 units of Executive Condominiums were sold in the month of August 2016. Treasure Crest EC: 56 units sold at a median price of S$745 psf Sol Acres: 46 units sold at a median price of S$781 psf Bellewods: 37 units sold at a media price of $781 psf AMID a lack of new residential…
A hotly contested executive condominium (EC) site at Anchorvale Lane in Sengkang was awarded to Hoi Hup Realty and Sunway Developments on Monday (5 September), after the developers jointly submitted the top bid of $241 million, which translates to $355 psf per plot ratio, said the Housing and Development Board (HDB). Launched for sale on…
There was a huge turnout for the last executive condominium (EC) site on offer this year, with 16 developers casting bids for an Anchorvale Lane plot that could yield about 630 units. It was the highest number of bidders for an EC site since the tender for a Yuan Ching Road site, now Lake Life,…
Sales of new ECs climbed to 830 units in July 2016, compared to 232 units sold in June 2016. This was due to developers launching 862 new Executive Condominium units for July 2016. The best selling EC project was Treasure Crest at Anchorvale Crescent, moving 398 units at a median price of S$751 psf.
Executive condos keep on luring buyers despite price dips. Even with the real estate sector falling short in its performance for 2Q16, the Urban Redevelopment Authority (URA) has recorded an increase in transactions in the private condominium market, with 104% boost over the previous month. The agency also registered the highest number of sold new…
With new executive condominiums (ECs) gaining popularity among home buyers, there has been an increase in the number of enquiries on financing for such properties. Unlike buying new build-to order (BTO) or resale HDB units in the open market, there is no HDB concessionary loan available for aspiring EC home buyers. Here is a guide…
The handful of executive condominium (EC) projects launched this year has seen mixed results. On the weekend of July 16 and 17, Sim Lian Group’s Treasure Crest EC opened for bookings. It saw 362 (72%) of the 504 units in the project snapped up over the two days at an average price of $742 psf….
Executive condominiums, a hybrid of private and public housing, have been perceived as a low-cost, high-return investment asset. This is not a baseless proposition. Most of us are aware that new ECs are typically priced at a 20% to 30% discount to private condos of similar attributes. Furthermore, they will attain condo status 10 years…