Housing Loan Singapore | Mortgage Home Loan

  • Home Loan Widget
  • Refinance Widget
  • Our Services
  • About Us
  • Why Us
  • Blog
  • Contact

June 3, 2013 By admin

Developers upbeat about EC market

PROVISIONAL results for yesterday’s tender for an executive condominium (EC) site in the Sengkang area, like that for a Woodlands EC site which closed earlier this month, led property consultants to conclude that developers remain confident about prospects for this market segment.

This is despite measures introduced in January to rein in some of the exuberance in the sector and more recently, strong hints from the government that its housing subsidy of up to $30,000 for first-time buyers who pick up an EC unit from a developer, is in for a change. ECs are a public-private housing hybrid.

At yesterday’s tender closing, a 99-year EC site in Anchorvale Crescent drew a top bid of $330.65 per square foot per plot ratio (psf ppr) from Qingjian Realty (South Pacific) Group. This will be the group’s fifth EC project.

Earlier this month, it clinched the Woodlands EC site plot with a winning bid of $341.21 psf ppr. That tender attracted seven bids.

Source: http://www.businesstimes.com.sg/specials/property/developers-upbeat-about-ec-market-20130531

Filed Under: Latest News

Blog Catergories

  • Banks (15)
  • Commercial Loan (18)
  • Guide (19)
  • HDB (27)
  • Latest News (70)
  • Mortgage Articles (8)
  • Private Property (32)
  • Refinance (17)
  • Uncompleted Property (23)

Copyright 2009-2018 www.MortgageSENSE.com.sg | All Rights Reserved.
Use of this website constitutes acceptance of our terms & conditions and privacy policy.
SEO Services by Impossible Marketing - Leading Digital Marketing Agency in Singapore