Upcoming ECs in 2021, 2022 and 2023

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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

Bird’s eye view of Provence Residence location
EC NameProvence Residence EC
LocationCanberra Link / Canberra Crescent
Nearest MRT : Canberra MRT
Land size179,651sqft
Total number of units413
Developer MCC Land
TOP DateEstimated 2023 – 2024
Unit mix 3 to 5 bedrooms
Condo facilities Full fledged condo facilities with swimming pool, tennis court and function room
MCC Land is a very established developer in Singapore having built many EC and private condo projects

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

Parc Greenwich is located opposite The Greenwich and minutes walk to the Seletar LRT
EC NameParc Greenwich
LocationFernvale Lane
Nearest LRT: Fernvale LRT station
Land size184,376sqft
Total number of units499
Developer Frasers Property Pte Ltd
TOP Date2023 – 2024
Unit mix3 to 5 bedrooms
Condo amenitiesFull 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

Rare EC to have unblocked views of the river
EC NameUpcoming Yishun Avenue 9 EC
LocationYishun Avenue 9
Nearest MRT: Yishun MRT
Land size231,576sqft
Total number of units600
DeveloperSing Holding Ltd
TOP Date2024 – 2025
Unit mix2 to 5 bedrooms
Condo amenitiesFull fledged condo facilities with swimming pool, tennis court and function room
Sing Holdings other projects include Parc Botannia

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 NameTengah Walk EC
LocationBukit Batok MRT
In future – Tengah MRT, Hong Kah MRT and Plantation MRT (Jurong region line)
Total number of units615
Estimated launch date for biddingOpen for tender
DeveloperNot bidded yet
TOP Date2025 – 2026
Unit mixTo be confirmed
Condo facilitiesTo be confirmed
Tengah Walk EC will be minutes walk to the town centre and 3 MRT stations!

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 NameUpcoming Tampines St.62 EC (Parcel A)
LocationNearest MRT currently: Tampines MRT
In future: Tampines North MRT (minutes walk)
Total number of units590
Estimated launch date for bidding April 2021
DeveloperNot bidded yet
TOP Date2025 – 2026
Unit mixTo be confirmed
Condo facilitiesTo be confirmed
EC NameUpcoming Tampines St.62 EC (Parcel B)
LocationNearest MRT currently: Tampines MRT
In future: Tampines North MRT (minutes walk)
Total number of units700
Estimated launch date for biddingMay 2021
DeveloperNot bidded yet
TOP Date2025 – 2026
Unit mixTo be confirmed
Condo facilitiesTo 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.

Contact us for floorplans and pricing info!

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