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Executive condo sellers remain among top profit gainers in Q3

Prime properties comprise the majority of loss-making deals and continue to be the biggest losers

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Ry-Anne Lim

Ry-Anne Lim

Published Mon, Oct 23, 2023 · 02:51 PM
    • Data from Cushman & Wakefield shows that prime properties lost between S$267,648 and S$700,000 in value in Q3.
    • Data from Cushman & Wakefield shows that prime properties lost between S$267,648 and S$700,000 in value in Q3. PHOTO: CHERYL ONG, BT

    SOME executive condominium (EC) homeowners in the suburbs or Outside Central Region (OCR) continued to score solid gains in the third quarter of 2023, with properties changing hands for nearly double their original prices. 

    Meanwhile, some prime properties chalked up the biggest losses – losing between S$267,648 and S$700,000 in value – and accounted for the majority of loss-making deals. 

    This came as the proportion of loss-making resale transactions of private homes in both landed and non-landed sectors inched up marginally to 3.2 per cent in Q3, from 2.8 per cent in the previous quarter. 

    Residentialprivate home salesSingapore residential propertyCushman & WakefieldReal estateExecutive condo (EC)Spotlight

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