HDB EC Launch Updates
Following is the summary of the HDB EC launches in Singapore:
| Region | HDB Estate | Total ECs | New Launch | Resale | TOP |
|---|---|---|---|---|---|
| Central | Bishan | 1 | 1 | ||
| East | Tampines | 6 | 3 | 3 | |
| Pasir Ris | 6 | 3 | 3 | ||
| West | Jurong | 5 | 1 | 3 | 1 |
| Choa Chu Kang | 7 | 3 | 3 | 1 | |
| Bukit Panjang | 2 | 1 | 1 | ||
| Bukit Batok | 1 | 1 | |||
| North | Yishun | 5 | 1 | 1 | 3 |
| Sembawang | 4 | 3 | 1 | ||
| Woodlands | 7 | 1 | 3 | 3 | |
| North-East | Punggol | 8 | 8 | ||
| Sengkang | 10 | 2 | 2 | 6 | |
| Hougang | 3 | 1 | 1 | 1 | |
| Ang Mo Kio | 1 | 1 | |||
| Total | 66 | 12 | 23 | 31 |
For your easy reference, we will provide timely information on the following:
Why HDB EC Is So Popular?
HDB EC Executive Condo has been getting so popular in these few years. What are the reasons behind it?
The “intention of HDB EC” is to target home buyers who might not qualify for public housing but cannot afford for private property. However, the true fact is, Executive Condo does not only attract this group of sandwich class Singaporean.
More and more people are buying EC. Take-up for New Executive Condominium in Singapore has been high. Many rich people also finding their ways to enter into the Executive Condo market. Government has to implement some EC cooling measures (on 9th Dec 2013) to cool down the EC market.
Interesting EC Buyers General Profile
From 4Q 2010 to 4Q 2013, over 11,000 Singaporean families bought HDB Executive Condo.
- 86% were HDB dwellers
- 80% earned $10,000 or below
- 83% spent below $1 million on their purchase
- 55% second-timer households
- 42% non-university graduates
40% – 34 years old & below | 60% – 35 years old & above
source: https://mndsingapore.wordpress.com/
Are ECs a good investment?
ECs are performing quite in line with the performance of private condos. Let’s name a few reasons why Executive Condos in Singapore enjoy greater capital appreciation:
Therefore, some form of extra return (greater capital appreciation) has to be in place to compensate for the three conditions, once these restrictions are partially or fully lifted.
First-timer households will also enjoy a CPF Housing Grant up to $30,000.
Apparently the New EC Launch in Singapore that offers a very affordable and attractive, and comparable if not better facilities and services to a private condo, it is definitely something you can’t miss, especially if you are eligible for it.
The case for ECs as a value investment has become stronger!
Buying EC Know How
To have a clearer picture in mind, you may refer to our Buying EC Know How section to find out more about:
- Proper Financial Planning for Buying EC
- Rules / Restrictions on Buying EC
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