Investors Upbeat About HDB Executive Condominium Demand
The current property market in Singapore has become extremely hot, with property prices reaching all-time highs. In fact, HDB flat resale prices have been increasing for 23 consecutive months. Moreover, the Pasir Ris estate has recently witnessed the sale of its first million-dollar flat.
Prices of HDB Executive Condominiums have been on the rise in recent years. However, resale prices have not kept pace with the prices of newly built ECs. HDB prices are based on median house prices, while private condo prices take into account new launches as well as resale prices.
Although it is difficult to predict the exact price of an HDB executive condominium, median listing prices are generally around the same. However, it is important to keep in mind that there are outliers, which positively or negatively affect the average. The median for HDB flats is roughly seven to fourteen percent lower than the average listing …