AN executive condominium (EC) site at the junction of Sengkang East Avenue and Buangkok Drive will go on sale in about two weeks - and is expected to be warmly received by developers. The Housing & Development Board said yesterday it will release the site, which is on the government's reserve list. Sites on this list are released after a developer commits to bid at or above a minimum price acceptable...
Executive Condominiums (EC)
Another plot of land meant for Executive Condominiums (EC) will be put up for tender. The Housing and Development Board (HDB) said on Thursday that it will launch the tender of the land parcel at Sengkang East Avenue and Buangkok Drive in two weeks. The site, which was placed on the government's Reserve List System, has a 99-year-lease. It has an area of about 17,000 square metres, which can yield an...
Bullish sentiment has led to aggressive bidding by developers, not just for 99-year leasehold government sites for private condominium development but executive condos (EC) as well. This was most evident in the last two tenders of EC sites, which achieved record prices in terms of land bids. Earlier this month, a joint venture between Frasers Centrepoint Ltd and Lum Chang Building Contractors beat 10...
Executive condominiums (ECs) are back in the spotlight, amid a buoyant property market. They come with finishes similar to a private condominium, but are priced more affordably. Analysts expect strong interest for two new developments to be launched at the end of the year. But they also caution buyers against being too hasty. When the Eastvale executive condominium in Pasir Ris was launched, units were...
MORE executive condominiums (ECs) will be built this year to meet the housing needs of the 'sandwiched group', said National Development Minister Mah Bow Tan yesterday. This group refers to couples who do not qualify for new Housing Development Board (HDB) flats because their combined monthly income exceeds the $8,000 cap, but who may find private property too expensive. Mr Mah, who was a guest on...
Executive condominium (EC) prices look set to rise further with the close of two EC tenders at higher-than-expected bids in the past two weeks. The Sengkang EC site attracted a top bid of $315 per sq ft (psf) of gross floor area, while the Yishun EC site drew a top bid of $281 psf of gross floor area. Analysts estimated that the winning bidders will have to sell the units at Sengkang for $650 to $700 psf...
The government will build more Executive Condominiums (ECs) to meet the housing needs of what is described as the "sandwiched group". For this year, ECs will make up 10 per cent of about 12,000 new flats to be built. National Development Minister Mah Bow Tan said this on Channel NewsAsia's programme, "Talking Point". He was responding to a question on prices for the market for ECs, which is regarded as...
A CHINESE firm new to Singapore's residential development scene has topped the bidding for an executive condominium (EC) site in Yishun. Beijing-headquartered MCC Land (Singapore), which lost out on last week's tender for an EC site in Sengkang, was the highest bidder for the 15,074 sq m Yishun plot. Its $127.8 million bid, or $281.31 per sq ft (psf) of gross floor area, easily beat earlier analysts'...
The executive condominium site at Yishun Avenue 11 has attracted 10 bids. MCC Land Singapore put in the top bid of $127.8m for the 99-year leasehold plot. This translates into S$281 per square foot per plot ratio. The second highest bid came from Qingjian Realty, at S$118.8m, followed by Maxdin Pte Ltd which placed a bid of S$117m. The remaining offers range between S$46.8m and S$116m. Real estate...
The Housing and Development Board (HDB) has received 11 bids for the sale of a site in Sengkang at Compassvale Bow. The 19,000 square metre site is designated for an executive condominium under the Design, Build and Sell Scheme (DBSS). The top bid came from Opal Star and Lum Chang Building Contractors who offered S$193 million for the site. That translates to about S$315 per square foot. Opal Star is a...