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Can resale EC still appreciate
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Yes, resale Executive Condominiums (ECs) in Singapore can still appreciate in value. Here are some key points that support this:
- Resale ECs have shown a robust growth rate, outpacing new launches. Over the past few years, resale ECs have seen a growth rate of 43%, which is higher than the 28% growth rate of new launches.
- As ECs approach and surpass their Minimum Occupation Period (MOP) and reach the 10-year mark when they can be fully privatized, their prices tend to spike. This trend is consistent with historical data, where EC prices increase significantly around these milestones.
- The current market shows that resale EC prices are already crossing $1,600 per square foot, indicating promising capital appreciation. For example, ECs like Hundred Palms Residences and Esparina Residences have achieved resale prices above this mark.
- The strong demand from HDB upgraders and the limited supply of new EC launches contribute to a stable trajectory of price growth for EC properties. This demand ensures a reliable exit strategy for EC homeowners looking to sell their properties in the future.
- As ECs approach and surpass their Minimum Occupation Period (MOP) and reach the 10-year mark when they can be fully privatized, their prices tend to spike. This trend is consistent with historical data, where EC prices increase significantly around these milestones.
- The current market shows that resale EC prices are already crossing $1,600 per square foot, indicating promising capital appreciation. For example, ECs like Hundred Palms Residences and Esparina Residences have achieved resale prices above this mark.
- The strong demand from HDB upgraders and the limited supply of new EC launches contribute to a stable trajectory of price growth for EC properties. This demand ensures a reliable exit strategy for EC homeowners looking to sell their properties in the future.
Overall, the combination of strong demand, limited supply, and the inherent value appreciation as ECs mature make resale ECs a compelling option for potential capital gains.
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