19 Jan '18, 3pm

2017 – Most number of Executive Condominiums sold in 4 years https://t.co/AcdfaXrKr1

2017 – Most number of Executive Condominiums sold in 4 years https://t.co/AcdfaXrKr1

The market may be turning around for the executive condominium sector. 2017 the year most number of EC units sold in 4 years Consumers’ response to the increase in EC units sold seems to mirror the current positive atmosphere in the real estate industry. A total of 14,707 EC units were sold last year. That is 23% more than the 11,971 units sold in 2016. iNz Residence This year, there is currently only 1 new EC project in the pipeline – Rivercove Residences. The hybrid nature of ECs is a point of attraction for those looking to move into the private sector in the future. Executive condominiums are considered public housing but after a 10-year period, they become private properties. Thus, these unique housing type also comes with facilities such as swimming pools and private communal spaces. While applicants are subjected to the rules of public housing, they are also able to...

Full article: https://www.iproperty.com.sg/news/2017-most-number-of-exe...

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