19 Dec '17, 5am

Only #EC site released this year expected to fetch up to 18 bids

Only #EC site released this year expected to fetch up to 18 bids

The EC market has been quiet for the most part of the year with only 1 more project yet to be launched – the Rivercove Residences in Anchorvale Lane. As the number of unsold ECs have been on the decline, interest in this segment is expected to rise as supply dwindles. The 99-year leasehold site in Sumang Walk is the only EC site released under the GLS programme this year. According to the Housing Board (HDB), it could potentially yield 820 homes.

Full article: https://www.iproperty.com.sg/news/latest/only-ec-site-rel...

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