Page 4 - Executive Condominiums News Today

If you're in the market for an executive condominium, but unable to apply for one at launch, it could be due to several reasons. Usually, it's tied to your citizenship status, age or household income, but there are a few more reasons that may restrict you from buying directly from a developer at launch. More often than not, couples and...

Ever since the last record-breaking $1.4 million resale HDB sale in Henderson, the conversation on whether HDB prices are getting out of hand has been all homebuyers can talk about. For some, it’s hard to accept that HDB prices can cost this much, even when you look at equivalent options and realise that there really isn’t much to fair comparison...

With home prices at record highs, resale condos are back in the spotlight. None more so than newly Minimum Occupancy Period (MOP)-ed Executive Condominiums (ECs), which are at least halfway to full privatisation. There are a couple of things to note, however: An EC is regarded as a private property once it achieves its five-year MOP, so buyers purchasing it...

As the Chinese New Year lull period has passed, developer sales (excluding Executive Condominiums) increased by 20.7 per cent last month. According to URA's sales data, 654 new private homes were sold in March, compared to 542 units sold in February. Nevertheless, new sales excluding ECs declined by 49.5 per cent year-on-year, according to Christine Sun, Senior Vice President of...

Executive Condominiums (ECs) are more in demand than ever, given peak home prices in 2022. We’re expecting at least four EC launches before the year is out, and a big question now is how they’re impacted by new cooling measures. Are they in fact a better choice for asset progression, or should you still stick to fully private condos? Here’s...

Since around 2008/9, bank home loans have been significantly cheaper than HDB Concessionary Loans. Homebuyers have been warned repeatedly that bank loans could one day be pricier than HDB loans again — but that concern has been diminished, after being repeated for more than a decade. This year, however, a surprisingly sharp interest rate hike, over a short period, has...

Ever since 2019, HDB upgraders have made up the bulk of private home buyers. A combination of rising demand, with record-high resale flat prices, has further made the past two years seem like an ideal time for those seeking condo ownership. However, an upgrade may not be as simple as "just sell and then buy". Here are some common financing...

Amidst all the announcements in last week's Budget 2022 speech, one caught our attention — there's going to be an increase in property tax rates. The good news? It's only going to affect properties with an annual value of over $30,000. The bad news? People in Singapore still don't know what their property annual value is! And since it is...

2021 saw a double-digit price growth of 12.5 per cent for HDB resale flats, as well as a record number of million-dollar flats sold within the first five months of the year. In the same year, we saw the most expensive HDB resale flat transaction at $1.36 million. With all these headlines, many of us can’t help but think that...

As a fitting end to a rollercoaster year, December 2021 ended with new private home sales down more than half (58 per cent) compared to the previous month. In some ways this was expected, with the implementation of new cooling measures – but with demand at a peak, will we continue to see more subdued sales? Opinions from realtors and...