Executive condominiums have been a fairly popular property type among home buyers in the recent past.
This has come on the back of rising HDB and private condominium prices, leaving fresh graduates, HDB upgraders and those about 5-10 years in the workforce stuck in the middle.
People like ECs because of the public to private conversion that happens after 10 years. In the shorter term, the EC behaves like a public HDB flat, with no subletting or sale allowed in the first 5 years.
We take a look at how ECs have performed in July 2017.
No doubt the standout project is Hundred Palms Residences at Hougang/Serangoon. All the units in this development were sold out within an afternoon given its fantastic location.
The developer likely knew reception would be strong, given the 2,000 e-applications submitted for the 500+ units there, and priced it at the ......