Executive condominiums continue to see strong demand from home buyers who have been shut out of the public housing market until recently. Austville Residences in Sengkang, the latest development for sale and the fourth EC to have been launched after a five-year hiatus, had a queue of some 150 home buyers and their families forming even before doors opened for booking yesterday morning. One reason: A...
Executive Condominiums (EC)
More than 100 prospective home buyers formed a line outside Austville Residences before doors opened on Thursday morning. The Executive Condominium (EC) in Sengkang uses a first-come-first-serve system to allocate units unlike the last three EC projects which used balloting. The first couple in line, who declined to be interviewed, said they arrived at 3pm on Wednesday. Austville has a total of 540...
Austville Residences is proving to be a popular executive condominium. More than 200 applications have been received for the executive condominium, as at 5pm Saturday. A total of 540 units are available. Even before the showflats were opened at 9am Saturday, about 50 people were already waiting in line. Applications are on a first-come-first-serve basis. Austville Residences, located along Sengkang...
More than 270 units of the Prive - the third executive condominium project launched this year - have been taken up by Friday evening. Prior to the start of balloting, analysts have already been expecting a good turnout for the project which is located near the Punggol MRT. They said the 680 two- to four-bedroom units offered will appeal to buyers known as the "sandwiched class". The project was launched...
Developers can continue to offer the deferred payment scheme (DPS) for executive condominiums (ECs) because eligibility and ownership rules keep speculation in such projects at bay. The Urban Redevelopment Authority (URA) said that ECs 'are different from other private residential developments' as they are meant for owners to live in and are subject to eligibility criteria and ownership conditions. For...
Singapore's latest executive condominium (EC) saw a strong turnout of potential home buyers on the first day of its launch. Market watchers predict the Prive will be popular because of the renewed interest in this type of housing. Executive condos are a hybrid of private and public housing which made a comeback this year after a five-year hiatus. Located near Punggol MRT station, Prive is priced at $660...
Prive, the first executive condominium (EC) in the new waterfront township of Punggol, will be open for preview on Friday. Two to four bedroom units, in sizes ranging from 775 sq ft to 1,442 sq ft, are available at an average price of about $660 to $700 psf. The project, which boasts quality finishings and a basement carpark as well as a yoga deck and spa pods, is developed by NTUC Choice Homes...
The Housing & Development Board (HDB) has awarded the tender for the land parcel at Tampines Avenue 8 to joint bidders Hoi Hup Realty, Sunway Developments and SC Wong Holdings. They submitted the highest tender for the site at S$187.6 million out of a total of 6 bids received. That translates to about S$302 per square foot per plot ratio. The land parcel has a site area of more than 20,000 square...
The Housing and Development Board (HDB) has awarded the land parcel at Pasir Ris Drive/Elias Road to joint bidders ChoiceHomes Investments and CEL Developments for S$89.89 million. They had submitted the highest of the six bids received at the close of the tender on October 21. The land parcel, which is for Executive Condominium (EC) housing development, has a site area of over 15,100 square metres and a...
The Housing and Development Board (HDB) has received six bids for the land parcel at Pasir Ris Drive/Elias Road at the close of the tender on Thursday. The highest bid came from joint bidders ChoiceHomes Investments and CEL Development, which submitted a bid of S$89.89 million. EL Development put in the second highest of S$89.33 million, while the lowest bid of S$61 million came from Ecco...