The authorities have weighed in on the issue of e-applications for executive condominiums (ECs), saying that developers of ECs are not allowed to offer incentives to buyers who have not booked units. Developers are also required to engage independent auditors to audit their sale processes to ensure they fulfil their obligations. A spokeswoman for the…
Northwave, Hao Yuan Investment’s newest executive condominium (EC) at Woodlands Avenue 12, will open for e-applications this Saturday, 25 June. Located near the upcoming Woodlands Regional Centre, the 358-unit project comprises two- to five-bedroom units and penthouses. Apartment sizes range from 678 sq ft for a two-bedder to 1,722 sq ft for the largest penthouse…
New private home sales, excluding executive condominiums (ECs), rose by 41 percent month-on-month in May to a ten-month high of 1,056 units, helped by the launches of Gem Residences and Stars of Kovan, as well as broad-based pickup, revealed a Credit Suisse report citing data from the Urban Redevelopment Authority (URA). Year-on-year, developer sales surged…
A lot of Singaporeans think of their house as a retirement plan. Come the age of 65, when we walk out of the office for the last time, we’ll need some sort of income. If the plan is to look at the house, then it’s logical to ponder which type is the real money maker….
See this comprehensive guide by The Edge Property to buying executive condominiums, useful for all buyers interested in Singapore ECs. http://www.theedgeproperty.com.sg/content/guide-buying-executive-condominium
UPDATED: Despite the increase in land supply for new private homes in the confirmed list of the second half 2016 Government Land Sales (GLS) Programme, no new sites were released for executive condominium (EC) development. Credit Suisse said this is the first time since the start of 2008 that no EC site was released on…
Developers sold 546 Executive Condominium units in April, as compared to 485 units sold in March. This was due to the launch of two Executive Condominiums in Sembawant – The Visionaire and Parc Life. Besides these two ECs, sales was healthy at previously launched EC projects including The Vales (51 units sold), The Amore and…
Sales at recently launched executive condominiums (ECs) have not been stellar despite the large number of e-applications received, reported The Business Times. But many property experts feel it is still acceptable in today’s market if 20 to 30 percent of the e-applications translates to sales. However, seven out of the 14 EC projects launched since…
Sim Lian Group announced that 82 four-bedroom units at its Wandervale executive condominium in Choo Chu Kang were the first to be completely sold. Meanwhile, approximately 60% of the 534-unit development has been booked as at April 19, 2016. Of the 320 units sold to date, about half of them were booked by HDB upgraders….
Developers sold 156 units of executive condominiums for the month of January, 2016. Developers sold an average of 155 EC units a month from November 2015 – January 2016. Upcoming ECs to be launched include Wandervale EC at Choa Chu Kang Ave 3 and The Visionaire EC at Sembawang Road / Canberra Link. Highlights: “Sales of…