Executive Condominiums (ECs) are a favourite for upgraders. HDB upgraders find them affordable, while those upgrading to private condos find them easy to resell after five years. If you are looking for something that is still new, here are 2 of the only Executive Condos that will be reaching their Minimum Occupation Period (MOP) very soon:
Hundred Palms Residences
Hundred Palms is reaching its MOP approximately next month, on 19th December 2024. This 531-unit development in Hougang was the top seller, back in 2017. We still recall the snaking queues during its launch weekend, and the many disappointed buyers when every unit sold out in just seven hours. Hundred Palms remains, to date, the most oversubscribed EC in Singapore’s history.
2017 was something of a low ebb for the EC market. We were coming off the end of a period of EC oversupply, roughly between 2014 to 2016. This likely prompted the developer, Hoi Hup, to be...