Did you know, that as of Sep 2019, Executive Condominiums (ECs) income ceiling have now been raised to S$16,000? This means more families will now be eligible to apply for an executive condominium!
Note: Market prices for ECs are now in the range of $1050 to $1150 psf. Submit the form below to receive LATEST price list / units availability and drop out units.
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.
Launching in 2021: Provence Residence
| EC Name | Provence Residence EC |
| Location | Canberra Link / Canberra Crescent Nearest MRT : Canberra MRT |
| Land size | 179,651sqft |
| Total number of units | 413 |
| Developer | MCC Land |
| TOP Date | Estimated 2023 – 2024 |
| Unit mix | 3 to 5 bedrooms |
| Condo facilities | Full fledged condo facilities with swimming pool, tennis court and function room |
Located just minutes walk from the brand new Canberra MRT is Provence Residence EC. In July 2019, MCC Land won the site with a bid of $233.89 million ($566 psf ppr). The estimated breakeven price would be around $1,100 to $1,150 psf. MCC Land has a rather impressive record with its past projects, and some include The Landmark, Queens Peak, Poiz Residences, Tre Residences and Alps Residences. It also has extensive experience building EC projects and its past projects include Northwave and Sea Horizon.
Within 1-2km there is a wide variety of choices for parents to put their child into. They include Sembawang Primary School, Wellington Primary School, Chongfu School and Ahmad Ibrahim Primary School. For groceries, residents can head down to Sembawang Shopping Centre, Sun Plaza or Northpoint City for shopping.
Launching in 2021: Parc Greenwich
| EC Name | Parc Greenwich |
| Location | Fernvale Lane Nearest LRT: Fernvale LRT station |
| Land size | 184,376sqft |
| Total number of units | 499 |
| Developer | Frasers Property Pte Ltd |
| TOP Date | 2023 – 2024 |
| Unit mix | 3 to 5 bedrooms |
| Condo amenities | Full fledged condo facilities with swimming pool, tennis court and function room |
Parc Greenwich is developed by Frasers Property Pte Ltd and will be minutes’ walk to Seletar Mall and Seletar LRT, as well as the famous Jalan Kayu food stretch. The site was won on 12 March 2020 at S$552 psf per plot ratio. This would mean a launch pricing from S$1,100 to S$1,200 psf. Frasers Property has had extensive experience in mall operation as well as private residential development, some of which include Seaside Residences, Riviere, Parc Life EC as well as Twin Fountains EC. Schools within 1km of Parc Greenwich include Fernvale Primary School and Sengkang Green Primary School. Within 2km there is Anchor Green Primary School, Fern Green Primary School, Hougang Primary School and Rosyth School.
Lauching in end 2021 / 2022: Yishun Avenue 9 EC
| EC Name | Upcoming Yishun Avenue 9 EC |
| Location | Yishun Avenue 9 Nearest MRT: Yishun MRT |
| Land size | 231,576sqft |
| Total number of units | 600 |
| Developer | Sing Holding Ltd |
| TOP Date | 2024 – 2025 |
| Unit mix | 2 to 5 bedrooms |
| Condo amenities | Full fledged condo facilities with swimming pool, tennis court and function room |
The upcoming Yishun Avenue 9 EC by Sing Holdings Ltd, was won on 20 November 2020 with a bid of $373.5 million (or a land rate of $576 psf ppr). This land site is likely to draw buyers who want to live near nearer, because the project is next to the Khatib Bongsu Park and will have unblocked views of the sea. It is also 1km to Chongfu School, Huamin Primary School, North View Primary School and Xishan Primary School. Within 2km there is Ahmad Ibrahim Primary School, Northland Primary School and Yishun Primary School. Definitely no lack of primary school choices who intend to send their children to one of these school.
Launching in 2022: Tengah Walk EC
The upcoming Tengah Walk EC will be the first EC after almost 10 years, after iNz Residence. The Tengah Walk EC will be capitalising and riding on the government’s masterplan for Tengah. Buyers who buy the Tengah Walk EC will indeed have the first mover advantage in a new region the size of Bishan. It is slated to offer 42,000 new flats, out of which 70% will be public housing flats, making Tengah Walk EC one of the rare private residential sites in Tengah itself!
Tengah will house the first car-free HDB town centre and it has been touted as the “forest town” for its eco-centric design and plans.
| EC Name | Tengah Walk EC |
| Location | Bukit Batok MRT In future – Tengah MRT, Hong Kah MRT and Plantation MRT (Jurong region line) |
| Total number of units | 615 |
| Estimated launch date for bidding | Open for tender |
| Developer | Not bidded yet |
| TOP Date | 2025 – 2026 |
| Unit mix | To be confirmed |
| Condo facilities | To be confirmed |
As we at PropertyInvestSG delve into Tengah, we notice that Tengah Walk EC is in fact minutes walk from 3 MRTs stations – Hong Kah MRT, Tengah MRT and Plantation MRT, which were announced in 2020. The line is set to connect Choa Chu Kang to Jurong and even to Nanyang Technological University (NTU). These are all part of the government’s masterplan for Jurong to be a hub for the future economy. The line is set to open in 2026, which means residents of Tengah Walk EC are likely to enjoy a spanking new MRT line when they get their keys.
Launching in 2022 / 2023: Tampines St 62 EC (Parcel A and Parcel B plot)
| EC Name | Upcoming Tampines St.62 EC (Parcel A) |
| Location | Nearest MRT currently: Tampines MRT In future: Tampines North MRT (minutes walk) |
| Total number of units | 590 |
| Estimated launch date for bidding | April 2021 |
| Developer | Not bidded yet |
| TOP Date | 2025 – 2026 |
| Unit mix | To be confirmed |
| Condo facilities | To be confirmed |
| EC Name | Upcoming Tampines St.62 EC (Parcel B) |
| Location | Nearest MRT currently: Tampines MRT In future: Tampines North MRT (minutes walk) |
| Total number of units | 700 |
| Estimated launch date for bidding | May 2021 |
| Developer | Not bidded yet |
| TOP Date | 2025 – 2026 |
| Unit mix | To be confirmed |
| Condo facilities | To be confirmed |
Both land parcels A and B have not been bidded yet, but we at PropertyInvestSG believe it will be hotly contested. The recent launch of Parc Central Residences sold 60% of its units on the first day of its launch, showing that Tampines is an extremely attractive matured estate to purchase a property in for own stay. Both parcels are also minutes walk to the upcoming Tampines North MRT station on the Cross Island Line which is likely to be ready by 2030. This means that upon meeting the 5 year minimum occupancy period, the owners at these 2 plots will be able to reap another premium as they are now located just minutes to the MRT station.
Within 1 to 2km there are a large choice of schools available – Elias Park Primary School, Tampines North Primary School, Chongzheng Primary School, Poi Ching School and Gongshang Primary School.
[…] Do you know that there are 6 upcoming ECs in 2021, 2022 and 2023? Click this link for more info on those ECs […]