Executive condo (EC)
S$14 million Leedon Residence deal nets S$5.2 million profit, tops Q1 resale gains
ECs among top percentage gainers with profits of 130%-140%; biggest losers suffer losses of up to S$1.9m
Hoi Hup Realty tops 3 bids for Yishun EC site with S$340.9 million or S$732 psf ppr bid
Developers expected to maintain more selective bidding approach as supply pipeline builds
Time to cool EC demand: drop deferred payment scheme, lengthen MOP, tighten resale restrictions
Moderating growth will benefit eligible buyers without access to abundant liquidity
Rivelle Tampines EC sells over 90% of units at average price of S$1,893 psf at launch
Demand comes from a mix of buyers, including a ‘notable proportion’ of young professionals and public housing upgraders
Hoi Hup, Sunway MCL launch 588-unit Pinery Residences at prices starting from S$2,340 psf
Located in District 18, the mixed-use development is close to Tampines West MRT station
Executive condo policy to be reviewed following affordability concerns: Chee Hong Tat
[SINGAPORE] Singapore is reviewing its executive condominium (EC) policy given concerns over affordability, said National Development Minister Chee Hong Tat on Wednesday (March 4).
January new home sales down 57% yoy at 466 units, with two new projects launched
Including executive condominiums, 990 units are sold that month with 1,534 units launched
Share of loss-making deals in condo resales creeps up in Q4: report
The biggest losers were mainly in the prime Core Central Region, with losses of S$407,531 to S$2.2 million
Timely to consider introducing a prime executive condo model
Build new ECs in choice locations and sell such homes with tighter restrictions
Coastal Cabana EC project sells over 66% of units at average of S$1,734 psf on launch weekend
Figure falls within the S$1,700 to S$1,800 psf range that market watchers earlier expected
