There may be no roll-back of the property cooling measures but the reception for an executive condominium that began selling over the weekend was red hot. All 531 units of Hundred Palms Residences at Yio Chu Kang Road were sold within seven hours of launch on July 22, fetching an average price of $836 per square foot (psf). Marketing agents ERA Realty Network and Huttons Asia attribute the success of...
Executive Condominiums (EC)
Hundred Palms Residences stands out from the other ECs in Singapore by virtue of its excellent location. It is perhaps the most centrally-located EC in Singapore. Other ECs are typically located far from the Central Business District (CBD), in neighbourhoods like Choa Chu Kang, Sembawang and Woodlands. Within five minutes’ drive to Hougang, Buangkok and Kovan MRT stations, as well as Serangoon MRT...
EXECUTIVE condominiums (ECs) were originally conceived to cater to the aspirations and needs of the so-called "sandwiched" class - those whose household income exceed the ceiling for public housing, but are not yet able to comfortably afford a private condominium. Currently, the monthly household income ceiling to qualify for an EC purchase is set at S$14,000, versus S$12,000 for those purchasing the...
EXECUTIVE condominiums (ECs) turned out to be best selling projects in August amid a lack of new residential project launches, with developers' sales of ECs this year already surpassing that for the whole of last year. Last month, ECs took up 41 per cent of the total 805 residential units sold by developers in August. Excluding ECs, some 473 private residential units were sold by developers in August,...
AMID a lack of new residential project launches in August, executive condominiums (ECs) turned out to be best sellers. Developers sold a total of 805 private residential units and EC units in August, down from July's 1,921 units - with ECs taking up 41 per cent of the sales volumes in August. Excluding ECs, some 473 private residential units were moved in August, about 8 per cent fewer than a year...
Sim Lian Group Limited has priced its executive condominium (EC) project Treasure Crest at an average S$742 per square foot (psf), with prices starting from S$649,000 for a three-bedroom unit. The 504-unit project is more than 2.1 times subscribed, having garnered 1,077 e-applications, after a 10-day e-application period that ended on July 10. More than 4,000 people visited the sales gallery over the...
ONLY 20-odd units at Northwave have been sold on the first day of sales, despite the 358-unit executive condominium (EC) project collecting 240 e-applications. This is a figure that has raised eyebrows among market watchers BT spoke with, who compared it with The Criterion and Parc Life - two projects which also suffered weak sales recently. BT had earlier conducted a study of EC projects launched since...
An Executive Condominium (EC) site in Sengkang which could yield about 653 homes has been released for public tender, the Housing and Development Board (HDB) said on Wednesday (Jun 29). The 21,014.6 sqm site in Anchorvale Lane is located beside Punggol Reservoir and can be accessed via Tongkang LRT station. The site is on the confirmed list of the Government Land Sales Programme for the first half of...
Sim Lian Group on Tuesday announced the launch of its executive condominium (EC) project, Treasure Crest, with units priced at S$735 to S$755 per square foot on average. E-applications for the 99-year leasehold development will open on July 1 and close on July 10, while balloting and booking will take place on July 16. Treasure Crest is a 504-unit EC located in Sengkang that is conveniently located...
THE strong interest expressed for recent executive condominium (EC) projects in the form of e-applications have not resulted in actual launch sales - a trend industry players say is pointing to a potential supply overhang of ECs in the short-term, one which could take one to three years for the market to digest. Though most of them say a conversion rate of 20 to 30 per cent from e-applications would be...