Hoi Hup Realty has won the bid for an Executive Condominium (EC) site in Hougang, at a high price of $331.02 per square foot. This was around 6 per cent higher than the next bid, which was around $312 psf. This comes at a surprise to some, given that EC sales have been slow in the past year. Here’s what the high bid says about this unique class of housing: