FCL launches new executive condo in Sembawang

Singapore

DESPITE upcoming supply, Frasers Centrepoint Limited (FCL) is not concerned about the executive condominium (EC) market, proceeding with the launch of its latest project, Parc Life, at an average price of S$770 to S$800 per square foot (psf).

"We believe there is healthy demand from HDB homeowners who have achieved the minimum occupation period (MOP) and are looking to re-invest or upgrade," said Cheang Kok Kheong, chief executive officer of development and property at FCL.

Mr Cheang added ECs are also appealing to the first-time buyers, especially young couples who are setting up their first home, because of their potential for capital appreciation after the …