17 Dec '12, 2am

EC supply rate can afford to slow: housing experts

Housing experts say the supply rate of executive condominiums (EC) into the housing market can afford to slow down, as some 20 per cent of units launched as part of seven EC projects this year remain unsold. “I think EC units would have probably hit the ceiling in terms of amount, so I probably think this year we will hit close to about 4,000 being supplied to the market,” said Donald Han, special advisor at HSR Property Group. “We think we can go steady, to a little bit slower in terms of the EC component.” There have been about 10 EC projects this year, with three more to be launched by the end of December. As of October this year, with the launch of the seven projects, almost 3,000 EC units have been sold. About 800 units are still unsold. By year’s end, with the launch of three more EC projects, more than 2,400 units will be available. The government also launched six ...

Full article: http://lushhomemedia.com/2012/12/17/ec-supply-rate-can-af...

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