For Executive Condominium (EC) owners in Singapore, the average profits can vary widely depending on several factors, including the specific project, the size of the unit, and the timing of the sale.
On average, first-time resale EC units have been known to generate significant profits. Nearly 99% of these units have made an average gross profit, with the largest units (over 1,600 sq ft) raking in an average gross profit of around $455,207 each.
In some cases, average profits for EC units have ranged from $57,615 to $347,083, depending on the project. For instance, certain EC projects have seen average profits as high as $347,083 for units sold after the minimum occupation period.
Overall, EC owners can expect substantial profits upon resale, especially if they sell their units after the 5-year minimum occupation period and the 10-year privatisation mark.
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