Moderate bids seen for EC plot in Choa Chu Kang

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.