The Canopy in Yishun had sold all the 20 units allocated to upgraders and another 80 or so units were booked by first-time buyers over the weekend, said Mr Tan Zhi Yong, managing director of the developer MCC Land. The executive condominium (EC) - only the second to be launched in the last five years - has 406 units in total. In the first month of sale, 95 per cent of the units are set aside for...
Executive Condominiums (EC)
Are executive condominiums (ECs) better investments than private housing? Some ECs have gone up more in price over the years than private mass market condominiums in the same areas. Bishan Loft, Woodsvale and The Eden are chalking up higher price gains compared to nearby mass market condos launched during the same periods. An example will be Pinevale, an EC in Tampines launched in 1997 at $450 psf, has...
The good response to the recent launch of Esparina Residences has triggered interest and aroused curiosity over executive condominiums (EC). A large turnout was seen on the first day of the launch, when 344 out of 573 available units were sold. More EC launches are expected in the coming months. What are ECs and how do they compare with private condominiums? More importantly, do ECs make good property...
Demand for executive condominiums (ECs) is expected to be sustained - at least for next year, with property watchers saying there is still interest from a sizeable group of sandwiched-class buyers who are priced out of private apartments. The Esparina (picture), in Sengkang, is seeing strong response, with 370 units, or more than 60 per cent, of its 573 units sold since it was launched last Friday. The...
Demand for executive condominiums (ECs) is expected to remain strong - at least for the next year. This is despite the lower-than-expected reception to one of the ECs launched last weekend. Property watchers believe there is still a sizeable group of sandwiched class buyers who are priced out of private apartments. Crowds thronged the showflats of the first EC to be launched in five years. The Esparina...
Since its launch on Saturday, the new executive condominium (EC) project in Yishun, The Canopy, has attracted 240 applicants over the weekend. Its showflat attracted mainly young families and residents living around Yishun, with about 60 per cent of those present being young couples aged 35 and below. Although some buyers are still cautiously observing the property market, estate agents feel that the ECs...
BUYERS snapped up 344 units of Esparina Residences, the first executive condominium (EC) to be launched in five years, on the first day of sales yesterday. The most popular units are the dual-key apartments, a studio attached to either a two- or three-bedder for extended families to live together, said developer Frasers Centrepoint Homes. Experts say the great response was expected as the project located...
Developer MCC Land is launching its first residential project, The Canopy Executive Condominium, at Yishun from October 9 to 13. The 99-year leasehold 406-unit project will offer a full range of condominium facilities. Sizes for the Executive Condominium range from about 872 square feet to 1,410 square feet for two to four bedrooms. The project will also have 22 penthouses sized between 2,088 and 2,239...
A balloting exercise will be conducted on Friday to allow applicants of the newly-launched Esparina Residences to book their units. This is because the Sengkang executive condominium (EC) has attracted more than double the number of applications for the units offered. Over 1,150 people applied for the 573-unit executive condominium, which is the first EC to be launched in over five years. Frasers...
The first executive condominium (EC) development launched in over five years has received strong response in the market. Applications for the Esparina have been oversubscribed by at least two times, according to developer Frasers Centrepoint who is unable to give exact figures. Executive condos are a hybrid of public and private housing. New units have the same restrictions as public housing, but these...