Executive Condos: An invaluable property asset

Active demand for ECs will likely be set to continue. We take a peek into which EC developments in Singapore were the best performers in 2013. Executive Condominiums, also commonly known as ECs, have been increasingly popular among local property buyers in recent years. There are fundamental characteristics of ECs that distinguish them from regular
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Singapore home prices may shoot up further

Singapore’s residential market remains busy, despite a less than rosy economic forecast with GDP growth trimmed to 2.4 percent this year, according to the latest report from Savills. Savills noted that the US government’s fresh round of quantitative easing (QE3) will likely push Singapore property prices up further. “The bulkheads of Singapore’s housing market are
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Home buyers put off by Ghost Month

By Romesh Navaratnarajah: Despite earlier media reports stating that sales at property launches were unaffected by the Hungry Ghost Festival, data from the Urban Redevelopment Authority (URA) showed that 1,421 new homes were sold in the month of August, 27 percent down month-on-month (m/m) from the 1,946 seen in July. However, the sales volume was
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Super-prime home sales jump 80% in July

By Romesh Navaratnarajah: Private home sales in the month of July for Singapore’s Core Central Region (CCR) jumped by almost 80 percent month-on-month to reach 253 units. Data from the Urban Redevelopment Authority (URA) showed that figures were boosted by robust sales at the 510-unit V On Shenton (pictured). Comprising of one 53-storey tower, the
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Private home sales jump 42% in July

By Romesh Navaratnarajah: Prior to the upcoming Ghost Month, which is a traditionally quiet period in Singapore’s property market, private home sales have risen according to URA’s (Urban Redevelopment Authority) data for July. 1,943 new homes were sold last month, a 42 percent jump month-on-month (m/m) from the 1,371 seen in June. Including executive condominiums
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Private home sales still going strong

By Romesh Navaratnarajah: The private residential market continued to see robust sales last week with V On Shenton (pictured) selling 50 units, bringing total sales to 140. Developed by United Industrial Corporation (UIC), the 54-storey tower was launched on 20 July with 190 out of its 510 units released. Apartments at the 99-year leasehold project
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Private home prices poised to rise despite lacklustre sales

By Romesh Navaratnarajah: Conditions in the private property market are still ripe for moderate price growth despite slower sales in the last few months which hit an all-time low for the year in June. According to latest figures released by the Urban Redevelopment Authority (URA), 1,371 private homes were sold during the month, a 19
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Private home sales highest since 2009

                      By Romesh Navaratnarajah: TOP NEWS: Excluding executive condos (ECs), private home sales in Singapore for the month of April 2012 reached 2,487 units, its highest level since July 2009 when 2,772 new homes were snapped up. But month-on-month, overall private home sales saw a
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Shoebox units pushing down the value of non-landed homes

                            By Romesh Navaratnarajah: The popularity of small apartments pushed down the total value of non-landed homes by 22 percent last year compared to 2010, according to the latest report by CBRE. A total of 13,611 caveats were lodged for new non-landed
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Who said there are no affordable private homes in Singapore?

                By Romesh Navaratnarajah: Prices of several private property projects launched recently in the Outside Central Region (OCR) have been higher than average, with many such units being sold for more than S$1,000 psf – a new record. Amidst this growing trend, more home buyers are now on
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