03 Jul '18, 1am

Sengkang EC sites likely to spike interest from developers

Only a handful of executive condominiums (ECs) have been launched in the past couple of years, and even fewer land sites allocated for this property type have been launched by the authorities. Thus it will come as no surprise if the latest sites in Sengkang draw fierce bidding from developers. Executive condominiums in high demand 2 sites in Canberra Link and Anchorvale Crescent were released under the Government Land Sales (GLS) programme , joining 2 other sites in Jalan Jurong Kechil and Clementi Ave 1. These 4 sites can yield a total of 1,920 residential units. Both developers and consumers have been awaiting the launch of executive condominium projects and corresponding land sites as these are few and far in between. The existing stock of unsold ECs in the market has been diminishing quickly and demand remains high. Canberra Link EC site near future MRT station The Can...

Full article: https://www.iproperty.com.sg/news/sengkang-ec-sites-likel...

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