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Moderate bids seen for EC plot in Choa Chu Kang
Consultants point to location of sale parcel, sluggish sales in EC market, constrained affordability
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Published Tue, May 19, 2015 · 09:50 PM
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Singapore
AN executive condominium (EC) site along Choa Chu Kang Avenue 5 launched on Tuesday is expected to fetch moderate land bid prices, due to a combination of factors.
These include the site's far-flung location, some 1.8 km (road distance) from Choa Chu Kang MRT Station and mounting supply of ECs in general as well as a significant build-up in Choa Chu Kang. Also at play is the generally slow take-up for most EC project launches since late last year, say property consultants.
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