17 Aug '17, 10pm

Several factors responsible for rise in EC sales

Artist’s impression of Northwave EC in Woodlands. Sales of executive condominium (EC) units picked up in July, buoyed by the quick sell-out of Hundred Palms Residences in Hougang. The project sold all 531 units within just seven hours at a median price of $843 psf. “The strong performance of Hundred Palms Residences despite its optimistic pricing reveals that there is still demand for new ECs,” said Ong Teck Hui, National Director of Research & Consultancy at JLL. However, he cautioned not to draw too many conclusions as there were other factors as well. “The absence of new EC projects in the vicinity and its location in a mature housing area, transportation accessibility and proximity to amenities contributed to strong demand from buyers,” said Ong. Previously launched ECs also saw good sales last month including The Visionaire exbauvdataycuydvuyduurwzrzx in Sembawang whi...

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

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