26 Apr '13, 5am

Prices of resale ECs exceed new units' pricing

http://www.straitstimes.com/archive/...icing-20130425 Prices of resale ECs exceed new units' pricing Reasons: Glut of new units; blurred lines between privatised ECs, condos Published on Apr 25, 2013 By Cheryl Ong IN A surprise development, the median prices of resale executive condominiums (ECs) have exceeded those of new EC units. This is the first time it has happened since the Government reintroduced ECs - a hybrid of public and private housing - into the market in 2010. One key reason, according to property consultancy Jones Lang LaSalle, is that a plentiful pipeline of new ECs is keeping the prices of new units in check. In a report, it said the median price of resale EC units hit a high of $778 per sq ft (psf) in the first quarter, exceeding the median price of $748 psf for new units. In the first quarter, resale ECs also recorded a rise of 5.4 per cent in median pr...

Full article: http://forums.condosingapore.com/showthread.php?p=393021#...

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