Executive condos still desirable despite rising prices: NUS survey

AROUND four in five property players believe that executive condominiums (ECs) remain relevant and desirable despite growing prices, a survey conducted by the National University of Singapore’s Institute of Real Estate and Urban Studies (Ireus) found.

This is mainly due to ECs’ potential for capital gain and initial affordability, said Sing Tien Foo, the provost’s chair professor of real estate at NUS Business School.

ECs, a public-private housing hybrid, have been seen as a golden ticket for the windfall profits that owners can net after selling it. Data tracked by Cushman & Wakefield shows EC transactions being the most profitable among other private properties since the first quarter of 2023, with units changing hands for double their original price.