25 Feb '16, 5am

#singapore #property ECs offer good profits: report: According to an OrangeTee report,

View of the Bishan Loft executive condominium. While demand for executive condominiums (ECs) have slowed down since 2014, data from the Urban Redevelopment Authority (URA) shows that this property type is generally a profitable investment in the long run, with prices catching up with private condos, according to an OrangeTee report. In 2012 and 2013, 14 of the 16 new EC projects sold at least 33 percent of their units during the first month of launch. But in 2014 and 2015, only one of the 11 developments managed to do this due to the tougher property cooling measures, such as the 30 percent Mortgage Servicing Ratio (MSR) and the resale levy for second-time buyers. Nevertheless, prices of EC units are almost on par with that of private condos after being fully privatised, based on historical data. Notably, ECs can only be sold in the open market after the buyer has complete...

Full article: http://www.propertyguru.com.sg/property-management-news/2...

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