In a report by Channel NewsAsia, it is understood that the owners of the record-setting Heron Bay penthouse are a young couple, who are also first-time property buyers. The unit was sold for S$1.77 million - a high price for an executive condominium in Singapore. Couples cannot exceed a monthly household income of S$12,000 if they want to buy an executive condominium unit. Analysts say the buyers of the...
Executive Condominiums (EC)
Heron Bay, the deluxe Executive Condominium located at Upper Serangoon View, opened for sale over the weekend and some 90 per cent of the units have been snapped up. The project by Serangoon EC, a joint venture company between CNH Investment, Evia Real Estate Management, Ho Lee Group and See Hup Seng, received more than four times the number of e-applicants for its 394 units. Units in the project - which...
More executive condominiums (ECs) are now selling for more than S$1 million. Research from real estate agency Savills Singapore has shown that over 300 new ECs were transacted above S$1 million, with half of these transacted in the first eight months of 2012. The report said there are a "seemingly growing number of young, affluent buyers snagging bigger and more luxurious penthouses...". Other factors...
Waterbay, the latest executive condominium project at Punggol has seen strong demand from eligible home buyers when bookings opened October 19. Its developer Qingjian Realty said over 200 units out of a total of 383 units were snapped up. Qingjian said the three-bedroom and four-bedroom dual-key units were popular with the buyers, as were the penthouse units. Prices range from S$560,000 for a...
A land parcel at Woodlands Avenue 6/Woodlands Drive 16 for executive condominium (EC) development has attracted a total of five bids at the close of tender. The top bid was jointly placed by Fraser Centrepoint's unit - Opal Star and Lum Chang's Binjai Holdings for about S$150.2 million, or about S$302 per square foot per plot ratio (psf ppr). According to the Housing and Development Board, the top bid...
Heron Bay, Singapore's first-ever deluxe executive condominium (EC) at Upper Serangoon attracted more than 1,000 visitors on its opening day for e-applications. Several young couples and families thronged the sales gallery of the 394-unit project in District 19. Developers said they had expected a high turnout rate as the EC offered several premium features including living rooms with private jacuzzis...
The Housing and Development Board (HDB) tender for the land parcel at Punggol Way/Punggol Walk for Executive Condominium Housing Development has attracted three bids at the close on Tuesday. The top bid came from Qingjian Realty (South Pacific) Group Pte Ltd at S$189.87 million or $3,375.86 per square metre. This works out to S$314 per square foot per plot ratio. The top bid was just 1 percent higher...
Analysts said demand for executive condominiums (ECs) is expected to remain healthy in the second quarter. This despite economic uncertainties and a wider selection of new housing projects available. Executive condominium projects like Watercolours, located at Pasir Ris, continue to be a strong crowd puller. When first opened for applications in May, it was two times oversubscribed where more than 800...
In a statement, the Housing & Development Board (HDB) said the tender for the executive condominium (EC) site located at Tampines Central 7 / Tampines Avenue 7 / Tampines Avenue 9 has attracted a total of six bids. The top bid of S$233.5 million for the 99-year leasehold site is jointly placed by Singxpress Property Development, Creative Investments and Kay Lim Realty. Spanning some 20,750 square...
The tender by Housing and Development Board for an executive condominium (EC) site at Woodlands Avenue 5 / Woodlands Drive 16 has attracted five bids. The top bid of S$247 million came from Hao Yuan Investment which works out to about S$320 per square foot per plot ratio for the 25,800 square metres site. Hao Yuan Investment bid 3.5 per cent higher than the second bid. The rest of the bids ranged between...