What is the prices of the individual bedroom type for these Executive Condominiums?
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Is a new Executive Condo cheaper than a Private Condo and why is EC cheaper?
Executive Condominium is a unique class of real estate only available in Singapore. It is a subsidized residential development with quality finishes and facilities matching or better than a private condominium. The price for Executive Condominiums purchased directly from developers is generally 15-20% lower than a comparable private condominium. The developer is able to offer a lower price for an Executive Condominium is due to the subsidies that are provided by the Singapore government.
Is Executive Condominium a safe investment?
A good analogy by our Minister Koh Boon Wah, an Executive Condo (EC) is like an upmarket Lexus car at the much lower price of a Toyota Corolla. Indeed, 1st hand owners of fully privatized Executive Condos are now rewarded with a comfortable capital gain. And historical data has shown that the return on investment of Executive Condos can be as good or even better than a private condominium – the price gap of comparable Resale Executive Condominium and Private Condominium is reduced to around 9% after 5 years and 5% after 10 years.
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Disclaimer: The above information should be used as a guide only and not solely for making a decision. We have taken every effort to ensure the information collected, analyzed and organized are presented as accurately as possible. If you have feedback on our data, please write to us at [email protected], your feedback will be appreciated.