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Subscribe to this list via RSS Blog posts tagged in Land sold for new ECi in Jurong/ Yuan Ching Road coming in 2014

Expected to still sell: ECs benefit from bigger buyer pool

Posted by Property Launch Invest on Wednesday, 09 October 2013 in Property News

The many executive condominiums (ECs) heading to the market can be absorbed thanks to the expanded pool of buyers generated by changes to the income ceiling.

The Government increased the monthly household income ceiling from $10,000 to $12,000 in August last year so it is unlikely an oversupply will arise.

Figures from the 2010 Census show how this policy change has expanded the buying pool.

There were 72,065 households in Housing Board (HDB) four-room flats or larger earning between $8,000 and $10,000 in 2010.

This segment used to be the target market for buyers of ECs as the income ceiling for HDB flats was $8,000 then.

More ECs up for grabs

Posted by Property Launch Invest on Sunday, 06 October 2013 in Property News

Executive condominium (EC) developers are again pulling out all the stops in the battle for buyers as competition intensifies in the second half of this year.

Developers of projects under this very popular public-private housing hybrid are no longer allowed to build gargantuan penthouse suites after unit-size restrictions were imposed in January.

HDB flats, ECs will feel brunt of new measures

Posted by Property Launch Invest on Thursday, 03 October 2013 in Property News

The public housing sector, as well as the hybrid executive condominium (EC) market, will bear a significant load from the slew of cooling measures introduced by the government yesterday.

Beyond a broad range of measures that apply across residential properties, they will be subject to further specific policies announced by the authorities yesterday, which market watchers have welcomed.

The EC market, which has been in the limelight over escalating prices and whether it has served its purpose to cater to the sandwiched class, will see several measures put in place from today.

EC market heats up under new loan rules

Posted by Property Launch Invest on Saturday, 28 September 2013 in Property News

Buyers flocked to the latest two executive condominiums (ECs) to hit the market after new mortgage lending rules introduced in June dampened buying interest in private properties.

Analysts attributed the demand to the way Housing Board rules are structured that make it easier for buyers of ECs to seek the maximum loan quantum under the new lending rules, compared with private properties. ECs are a hybrid of private-public housing sold with HDB restrictions, but turn private after 10 years.

Executive Condominum

Posted by Property Launch Invest on Wednesday, 25 September 2013 in Property News

It staged a strong comeback after the last launch in 2004. Since then, supply is set to double and more. The total EC units under construction including recent land sales, launched in less than 2 years, is now about the same as the existing completed supply, where it took over 10 years to sell and build.