EC prices hit new highs amid rising land costs, fierce developer competition
Median prices of new and resale units are more than double 2015 levels, hitting their highest since 1996
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[SINGAPORE] Executive condominium (EC) prices have climbed to new highs in 2025, with new sale prices crossing S$1,700 per square foot (psf) for the first time.
Analysts attributed the rising prices to growing land and development costs, as well as stiff competition for EC land among developers, as fewer sites have been released for tender in recent years than before.
Caveats data showed that the median price of new EC units stands at S$1,754 psf in the year thus far, 14 per cent higher than 2024’s S$1,538 psf and more than double the S$797 psf recorded in 2015.
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