Executive Condo Singapore
The first EC launch in Singapore was the Eastvale project back in 1999 at an average price of $406/psf. Since then, new EC prices have risen significantly and are currently at about $1,100+/psf for new launches in 2021.
There is no doubt that ECs are getting increasingly expensive. For EC projects completed in 2008, their average launch prices were about $380. That doubled for those projects that were completed in 2013, with prices rising to about $690-770/psf.
Prices increased at a more moderate pace for EC projects completed in 2018-2019, with their launch prices at about $750-800/psf range. Since then, EC launched prices have crept up to the $1,100/psf level.
In this article, we look to do a quick analysis of the EC market to find out which is the best performing EC projects of all time as well as over the past 1-year....