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Exec condo land bids slump to lowest since 2011

Bids for Sengkang parcel come in below expectations; Sim Lian's top bid 24% below price of nearby plot last Feb

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OrangeTee research head Christine Li noted that developers are discouraged by poor take-up for most EC projects in recent months.

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JLL national director Ong Teck Hui said the Sengkang/Punggol area has the highest concentration of new EC projects.

Singapore

THE generally weak sales at most executive condo launches in recent months are eroding developers' confidence in this market segment.

Sim Lian's top bid of S$280.04 per square foot per plot ratio (psf ppr) on Tuesday, for a 99-year leasehold EC site along Anchorvale

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