Topic of Interest: #ExecutiveCondo (767 Articles Found)

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Pandemic-fuelled demand drives EC prices to record high

Real estate markets have been booming globally amid the macroeconomic headwinds and market uncertainties. As a prominent property hotspot, Singapore has similarly seen a sales rebound for both the private and public housing sectors.The strong buying momentum, coupled…

Upcoming launches in 2Q2021

The preview of Irwell Hill Residences will be followed by that of Grange 1866, a boutique 60-unit condominium (redevelopment of iliv@Grange) the next weekend. Prices are expected to start from $2,700 psf. Mark Yip, CEO of Huttons Asia,…

Sing Holdings adopts back to basics strategy

Sing Holdings used to develop high-end Singapore residential projects such as 38 Draycott Drive, The Laurels along Cairnhill Road and Robin Residences in Bukit Timah. These days, however, it is focusing on mass-market private condos and ECs. Explaining…

All 5 new launch Executive Condos on the market in 2021 (February update)

1) Parc Canberra – The last known developer pricing was at a median of $1,101 psf, with a high of $1,165 psf and a low of $1,068 psf. It is one of the closest residential units (350m) to…

Here’s the the salary you need to earn to afford these homes in Singapore [2021 edition]

Buying a home in Singapore is expensive. In fact, according to CBRE’s Global Living Report, Singapore is the 3rd most expensive residential property market in the world. For many people in Singapore, buying our home will be the…

Hoi Hup-Sunway sell 59% of units at Parc Central Residences at launch

At Parc Central Residences EC, 414 out of a total of 700 units were sold on the first day of launch on Jan 23. Average selling price for units sold at the end of the booking exercise was…

Is the EC market immune to the pandemic?

Five new EC developments with about 2,800 units in total could be launched in the next three years. The first EC project to be launched will be the 700-unit Parc Central Residences by a JV between Hoi Hup…

Residential market heats up in 2021

New project launches in 2021 swung into high gear with the preview of Normanton Park on Jan 2. The biggest new project launch of the year, with 1,862 units, Normanton Park has set “a positive note” that is…

Parc Central Residences EC in Tampines to open for e-application from Jan 7

Parc Central Residences, an EC in Tampines, is set to open for e-application from Jan 7 to 19, while its showflat will be open from Jan 7. The booking of the units will then commence on Jan 23.…

Pre-MOP four-bedder at Bellewaters EC on the market for $1.1 mil

A four-bedroom unit at the Bellewaters EC, located along Anchorvale Crescent in District 19, will be put up for sale at a guide price of $1.1 million ($973 psf) on Dec 15. According to Edmund Tie, which is…

Government maintains ‘moderate supply’ of land for private housing; new sites at one-north, Tampines Street 62

The Government released on Thurs GLS programme for the first half of 2021, with sites capable of yielding about 7,045 private residential units, 101,200 sqm of GFA of commercial space and 1,070 hotel rooms available. Four sites in…

Are the Ang Mo Kio and Tengah residential GLS sites worth waiting for?

Perhaps you’ve seen all of 2020’s launches and nothing appeals to you; or perhaps your timeline for getting that condo is a few years down the road. In any case, don’t just look for the named, upcoming developments.…

URA launches tender for Ang Mo Kio and Tengah GLS sites

URA and HDB have launched two 99-year leasehold residential sites for sale at Ang Mo Kio Avenue 1 and Tengah Garden Walk, under the Confirmed List of 2H2020 GLS programme. The site at Ang Mo Kio Ave 1,…

Tender for Yishun Avenue 9 EC site awarded to Sing Holdings

The tender for EC site at Yishun Ave 9 was awarded to Sing Holdings Limited, after it submitted the top bid of $373.5 million, said HDB on Fri. Launched for sale on 30 Apr, the 99-year leasehold site…

Do you have an idea to make buildings part of the fight against climate change?

In less than a decade, 60 per cent of the global population will live in cities. How can the built environment innovate and adapt to accommodate 360 million more people projected to live in urban areas by 2030…

Behind the bullish bids for GLS sites in Tanah Merah and Yishun

The GLS tender for a mixed-use site at Tanah Merah Kechil Link closed with 15 bids on Oct 29, while an EC site at Yishun Ave 9 drew seven bids at the close of its tender on the…

Concessionary property tax rates automatically granted to EC, HDB, DBSS flat owners

IRAS automatically grants all buyers of HDB and DBSS flats as well as of new EC units with concessionary property tax rates, revealed DPM and Minister for Finance, Heng Swee Keat in Parliament on Wed. He noted that…

Tenders for Tanah Merah Kechil Link, Yishun Ave 9 EC sites closed, both sites received ‘robust interest’

Despite the weak economic outlook, the tenders for two Confirmed GLS sites received robust interest, with the top bids submitted exceeding analysts’ expectations. The residential with commercial at first storey site at Tanah Merah Kechil Link attracted 15…

We evaluate the truths behind 4 common property sayings

1) Freehold is better than leasehold – If all things stay equal and the properties really carry on till 99 years is reached – freehold will win. Nonetheless, a leasehold property may suddenly start appreciating better, if an…

How have the 2015 batch of Executive Condominiums performed so far?

In 2012, the first of the 2015 TOP bunch of ECs went up for sale across the island. It was a bit of a tough time, as 2011 had seen a slew of cooling measures and there were…

EC vs Resale flat: How much more can you end up paying?

1) Overall price difference – The most obvious difference between ECs and resale flats is the quantum (overall price). Island-wide, the typical EC project costs around $937 psf. The average price of resale five-room flats is currently about…

Neighbourhood estate guide: Will Sengkang be the next supertown in 2030?

In its short 25 years of development as a town, Sengkang has been fraught with complaints over the lack of childcare centres and communal spaces. Is there a turnaround to this situation given the verdict from the 2020…

Up to 20 new residential projects to be launched in 2H, Huttons

Despite slow sales during the circuit breaker period, there’s been resilence in the market and Huttons Asia expects sales to hover between 8,000 and 8,500 units in 2020, with more project launches on the cards. “There were initial…

New private home sales surged 104.9% in June to 998 units: URA

New home sales surged 104.9%, excluding EC, to 998 units in June from 487 units in May, according to the developers’ monthly sales data by URA. Including EC, sales jumped 102.2% to 1,031 units over the same period.…

3 more condo sites are released by the government for 2020, and here’s our analysis

1) Northumberland Road – The most centrally located of the three GLS sites, this city fringe site at Farrer Park/Little India is located next to a large, relatively new mixed-use development site, which consists of a hotel, an…

Government cuts confirmed lists sites due to COVID-19

The supply of private housing units from the Confirmed List sites under GLS Programme for the second half of 2020 has been reduced to take into account the uncertain business outlook and economic contraction brought about by the…

Is there such a thing as “first mover advantage” in property?

“First mover advantage” is a favourite catchphrase in showflats. In theory, being first to an area often results in a scenario where you can “buy low and sell high”. To illustrate this, let’s look at four ECs that…

New home sales see strong rebound in May, up 75.5%

New private residential sales in Singapore posted a strong rebound last month, jumping 75.5% from 277 units sold in Apr to 486 units in May, based on the latest sales figures from URA. Including EC units, new home…

Buying resale EC vs new launch: The key differences you need to know

1) Closer to full privatisation – An EC is fully privatised after 10 years. One advantage of buying a resale EC is that crossing this milestone in five years’ time or less; 2) Don’t need to dispose of…

More home buyers sign on dotted line in May, drawn by discounts, low rates, affordability

New private home sales jumped 74.7 per cent to 484 units in May from 277 units in Apr as stay-home buyers zoomed in onscreen to their dream home. Despite a full month of circuit breaker amid a relentless…

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