Moderate bids seen for EC plot in Choa Chu Kang
Consultants point to location of sale parcel, sluggish sales in EC market, constrained affordability
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.
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
Property
Abu Dhabi builder plans US$6.8 billion luxury housing project
JTC to sell hospitality project being built in Punggol Digital District
Mapletree Logistics Trust posts 2.5% drop in Q4 DPU; manager warns of further headwinds
Abu Dhabi developer Aldar posts 88% in Q1 leap
Without a game changer, Sentosa Cove condos will continue underperforming
Church to tackle US housing crisis