ECs have been among the best-selling projects this year. Six of the 10 top selling projects in Apr were ECs. Projects approaching completion, such as Ecopolitan, Forestville and Sea Horizon have also managed to find buyers for almost all their units. ECs appeal to two main groups of buyers. The first group is made up of first-timers who are looking to get married in their early 30s. At this age, some couples would have a combined monthly income of about S$10,000 and some savings. This group also tends to be more financially savvy and are aware that at their level of income, they have a choice between applying for a BTO HDB flat and buying an EC. Those who choose to buy an EC are doing so for the lifestyle. The other source of demand of ECs comes from upgraders, or second-timers. Here, ECs hold an advantage.... Continue Reading