14 Dec '16, 6am

3 new ECs to watch for in 2017

3 new ECs to watch for in 2017

2017 will be a quieter year for EC projects. (Photo: Christopher Chitty) Only three new executive condominiums (ECs) are targeted to launch next year, down from five projects in 2016. Their names haven’t been revealed yet, but the sites are at: 1) Choa Chu Kang Avenue 5 The EC site at Choa Chu Kang Avenue 5 was awarded to a consortium led by Qingjian Realty in August 2015, after the developers submitted the top bid of $156 million ($295 psf per plot ratio) for the 1.6ha site. The 99-year leasehold site is located close to Sunshine Place shopping centre and Chua Chu Kang Primary School. It could yield about 490 units. 2) Yio Chu Kang Road Hoi Hup Realty won the 1.8ha EC site at Yio Chu Kang Road in February 2016. The developer submitted the highest bid of $183.8 million, which works out to about $331 psf on the gross floor area. Offered on a 99-year lease, the site could yi...

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

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