04 Feb '12, 12pm

Demand for ECs to stay despite economic outlook: analysts

Demand for ECs to stay despite economic outlook: analysts

SINGAPORE: Property analysts said subscription rates for executive condominiums (ECs), remain healthy in spite of the uncertain economic outlook. And it is also precisely because of the economic climate that analysts said demand for such housing is likely to stay. In January, about 1,000 people had indicated their interest to buy one of the 670 units at The Tampines Trilliant - which analysts said was a healthy 1.5 subscription rate. A balloting process was held on Saturday. Steven Tan, Managing Director of OrangeTee, a real estate agency, said: "We have a very good mixture of first timers and second timers, and we do see that there's a very strong demand from young couples staying near their parents in the area, so they want to buy an EC which is convenient to visit their family in future." Developer Sim Lian Group said prices start from S$682,000 for a three-bedroom unit...

Full article: http://www.channelnewsasia.com/stories/singaporebusinessn...

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