Executive condos among top percentage gainers in Q1 resale deals

SOME executive condominium (EC) homeowners in Singapore’s suburbs or outside central region (OCR) scored solid gains in the first quarter of this year, with properties changing hands for nearly double their original price. 

Three of the top five profit-making resale deals by percentage were transactions in the OCR, where sellers pocketed profits of 82 to 86 per cent when they sold their properties in Q1 2023, according to data crunched for The Business Times by real estate consultancy Cushman & Wakefield. 

Notably, two of the most profitable deals by percentage were EC units that were held for around seven years and then sold for an “attractively high profit”, said the consultancy’s head of research Wong Xian Yang.