THE price gap between executive condominiums (ECs) and private mass-market homes is closing as buyers in the resale market focus on getting maximum size for their money.
In 2009, resale ECs were on average 12.6 per cent cheaper on a per sq ft basis than comparable mass-market homes. But that difference has narrowed, coming down to 6.3 per cent in 2013 and 5.8 per cent last year, a study by SRX Property found.
SRX compared 13 ECs in areas such as Tampines, Jurong East and Woodlands with condos nearby that had similar leasehold and surrounding facilities.