24 May '15, 11am

Executive Condominiums Aren't As Great As You Would Think #Singapore #Property #EC #HDB

Let’s examine some of the reasons why some ECs have performed better than others so far. In the Sengkang / Punggol area, there has been competition from a few private condos launched around the same time, including Riverbank at Fernvale and Rivertrees Residences. They are similar in price to that of the ECs. The private condo prices range from $818 psf to $1,102 psf. In contrast, the prices of ECs Bellewaters, the Amore and the Terrace range from $774 psf to $848 psf. For home upgraders and first-time buyers in the area, the prices of ECs are comparable to that of the private condos yet the former come with holding and selling restrictions . As such, it appears that upgraders and first-time buyers are opting for the private condos in this area, as more than 80% of the units in the private condos have been sold whereas none of the EC competitors have yet to crack much more ...

Full article: http://www.srx.com.sg/singapore-property-news/7682/recent...

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