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.
Tagged in:
Capital gains from purchasing ECs
Capital values for purchasing ECs
Comparison with other properties within radius
Faster returns on your equity
Higher profits earned for ECs
Loan repayment servicing
Lower downpayments for ECs
Price narrowing between ECs and private condo in resale market
Reasons to make ECs a good purchase
Resale ECs versus New launch ECs
Seeking a EC property
Supply of ECs to slow down in 2 years
Trends in EC market