SINGAPORE — The price of executive condominium (EC) land has hit a record high as developers bid aggressively in anticipation of strong demand for such hybrid public-private housing, casting doubt on the Government’s efforts to moderate bidding by having site tenders close at the same time.
For the first time, the tender for three EC sites closed on the same day yesterday, but the top bid for a site in Jurong translated to S$418.53 per sq ft per plot ratio, breaking the S$400 psf ppr barrier and the previous high of S$392.45 psf ppr more than two years ago. The other two tenders for sites in Punggol also attracted strong bids.
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Additional Government Housing Grants
Executive Condominiums Land prices
Government land Sales for Private Residential
Gross Domestic Product GDP
Inflation CPI
Land sold for Anchorvale Crescent EC coming 2014
Land sold for Jurong EC coming 2014
Land sold for Punggol Central EC coming 2014
Land sold for Punggol Drive EC coming 2014
Land sold for Yuan Ching Road EC coming 2014
Number of PRs living in Private Condos
Number of Singaporeans living in Private Estate
Private Residential Property Price Index
Singapore Gross Domestic Product