ECs In The News / Commentary

2015: Year of the ECs?
In 2015, up to seven EC projects will be launched, giving buyers plenty of choice. These include Westwood Residences (Westwood Ave, Jurong), The Brownstone (Canberra), The Vales (Anchorvale Crescent, Sengkang).

'ECs have most, if not all, of the facilities of private mass- market condominiums and are generally comparable in design and facilities,' said Ms Chia Siew Chiun, director of research and advisory at Colliers International."
Source: The Straits Times - April 19, 2015

Buyers See Value In ECs:
Executive condos (ECs) are physically similar to private condos, have a wide range of facilities, but are typically 20 - 30% lower in cost. In addition, first-time buyers may apply for $30,000 CPF grant, making their new homes even more affordable. What's more, ECs are privatised after ten years, after which they may be sold to foreigners.

"Executive condominiums (ECs) have grown more popular with buyers in recent months as a price gap with mass-market condos widens".
Source: The Straits Times - April 3, 2013 

EC Resale Prices Catching Up With Private Condos:
The popularity of ECs in recent years saw resale prices trending upward. Property cooling measures put in place over the last year or so have slowed this trend marginally (e.g. prices dipped only 0.2% in March 2015 over the previous month). As new ECs are sold at a significant price reduction compared to private condos, buyers can still look forward to good price appreciation in the forseeable future.

"Prices of RESALE executive condominiums (ECs) are catching up with those of private mass market homes as the increasingly luxe features at recent ECs have boosted the profile of these homes."
Source: The Straits Times - December 1, 2012