new
Note: Market prices for ECs are now in the range of $1050 to $1150 psf.
This would translate into an estimated price of $1.1m for a 1,000 sqft (3 bedder unit) and $1.3m for a 1,300 sqft (4 bedder unit).
For buyers thinking of getting a unit, this would mean having a combined income of at least $11,000 to $12,000, assuming a 30 year loan tenure.
The Singapore property market has moved and gone are the days when EC prices were in the range of $600 to $800 psf.
This is because land prices has gone up and inflation has caused the price of labour and material to rise. Developers are now passing on this cost to end buyers.
As of April 2019, there have been 4 executive condo (EC) plots which have been announced on government land sales (GLS) tender. 4 of them have already been sold as of April 2019.
Launched in 2019: Piermont Grand (Sumang Walk EC)
| Project name | Piermont Grand
(New EC at Sumang Walk in Punggol) |
| Developer | City Development (CDL) and TID Residential |
| Address | Sumang Walk |
| District 19 | D19 |
| Tenure | 99 year leasehold |
| TOP | 2022 – 2023 |
| Total number of units | 820 |
| Unit mix | 3 – 5 bedrooms (sizes to be confirmed) |
Piermont Grand is officially 50% sold. Download Piermont Grand LATEST price list and available units by filling up the contact form below.
Latest starbuy prices
3BR Compact 840sf from $888k $1,057psf
3BR Premium 1130sf from $1.13xM $1,007psf
4BR Premium 1302sf from $1.34xM $1,029psf
5BR Premium 1432sf from $1.50xM $1,053psf
Read also: 5 reasons why the upcoming 2019 Punggol EC on Sumang Link will be another sell-out
Launching in January 2020: Parc Canberra
| Project name | Parc Canberra |
| Developer | Hoi Hup Realty Pte Ltd and Sunway Developments Pte Ltd |
| Address | Canberra Link |
| District 19 | D28 |
| Tenure | 99 year leasehold |
| TOP | 2023 |
| Total number of units | 450 |
| Unit mix | To be confirmed |
Won in September 2018 by Hoi Hup Realty for S$271 million, or S$558.22 psf per gross floor area, Canberra Link executive condominium (EC) will be walking distance to the upcoming Canberra MRT station which is slated to be completed by 2019.
Latest update: Parc Canberra is now 60% sold! Sign up below to receive pricing list and exclusive info today!
Launching in 2020: Ola EC
| Project name | Ola EC at Anchorvale Crescent |
| Developer |
Evia Real Estate and Gamuda (Singapore)
|
| Address | Anchorvale Crescent |
| District 19 | D19 |
| Tenure | 99 year leasehold |
| TOP | 2023 – 2024 |
| Total number of units | 515 |
| Unit mix | To be confirmed |
The Anchorvale Crescent EC site drew 9 bidders in total, and Evia Real Estate and Gamuda (Singapore) had won the site for a bid of $271 million, which translates to S$558.22 psf per gross floor area.
The site is walking distance to Cheng Lim LRT and Sengkang MRT and is located right opposite the Sengkang Community Hospital.
Launching in 2020: Parc Central Residences
| Project name | Parc Central Residences (New EC at Tampines Avenue 10 |
| Developer | Hoi Hup Realty and Sunway Developments |
| Address | Tampines Ave 10 |
| District 19 | D18 |
| Tenure | 99 year leasehold |
| TOP | 2024 |
| Total number of units | 695 |
| Unit mix | To be confirmed |
The highest bid came from Hoi Hup Realty and Sunway Developments and these two firms jointly submitted a bid of $434.45 million for the site, which translates to $578 psf/per plot ratio (ppr). The second highest bid came from Chinese developer MCC Land, which submitted a bid of $431.62 million (this comes up to $574.36 psf/ppr).
Hoi Hup’s foray into the EC market has been fairly successful in the past couple of years, with the sell out of Hundred Palms EC at Hougang and Rivercove Residences in Sengkang.
Tampines is a mature estate with plenty of amenities. This site is likely to be highly contested due to the lack of executive condos in the east.
The last EC in this area in Tampines was the Arc @ Tampines, along Tampines Avenue 8. This is later preceded by The Tampines Trilliant and City Life @ Tampines.
This site would also be in 1km to Poi Ching School, St Hilda’s Primary and also walking distance to United World College South East Asia (UWCSEA).
Read also: Can divorcees purchase BTO/Executive condo (EC)?
Keen to find out about the upcoming ECs, respective prices and floorplans? We will update this page continuously once a government land tender comes up for an EC. Contact us below to be on our exclusive EC mailing list today!
Do note that you will need to have fulfilled your Minimum Occupation Period (MOP) if you are the owner of a HDB flat.
Potential buyers usually start looking to upgrade about 1 year before their MOP period ends.
Contact form for ECs
If ECs are not your thing and you’re interested in private condos, here is a list of condos that are slated to be launched in 2020/21.
A short compilation can also be found at upcoming private condos in 2020 and 2021 if you’re interested!
[…] Upcoming EC launches in 2019, 2020 and 2021 […]
[…] Also read: Fancy an Executive Condo? Here are the upcoming EC’s in 2019 to 2022 […]
Comments are closed.