The Housing and Development Board (HDB) will launch two Executive Condominium (EC) sites for sale on January 15. The sites, located in Sengkang and Yishun, will yield a total of about 900 units. Each site has a lease term of 99 years. The plot of land at Sengkang is located near to Buangkok MRT station with a land area of 19,000 square metres and a maximum permissible gross floor area of 57,000 square...
Executive Condominiums (EC)
The median resale prices of executive condominiums (ECs) have increased 63 per cent in the last two years, riding on the bull-run in the private residential market. Property consultancy CB Richard Ellis said caveats lodged for ECs in the resale market in October this year showed prices at S$519 per square foot. This is 63 per cent higher from the bottom of the market in the third quarter of 2006 when ECs...
IT was the only executive condominium site up for confirmed sale this year. But when the tender closed yesterday at noon, there were no bids received. The 99-year lease site in Punggol - with a land area of 22,497 sqm that can accommodate a 16-storey development - was the fourth EC site put on the market this year by the Government. The other three were on the reserve list, to be launched for tender only...