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Please compare the price trend for resale executive condominiums held for more than 5 years but less than 10 years.

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For Executive Condominiums (ECs) in Singapore, the price trend over the last 5 to 10 years has shown significant appreciation, particularly as these properties approach and achieve their 10-year mark when they are fully privatized.
- Price Appreciation: The average resale price for ECs has increased steadily. For instance, between 2019 and 2020, the average resale price rose by 4.3% to $847 psf and then by another 1.5% to $860 psf, respectively. By 2020, there was a notable increase of 9.4% year-over-year.
- Specific Examples: ECs like Austville Residences, which obtained their Temporary Occupation Permit (TOP) in the first half of 2014, have seen substantial price growth. The average unit price in such developments has more than doubled over the past decade, reflecting the strong demand and appreciation in value as these properties privatize.
- Recent Trends: The price growth has been consistent, with some ECs showing around a 10% increase in prices over the recent 4 years, despite reaching their 15-year mark.
Overall, the price trend for resale ECs over the last 5 to 10 years indicates a strong and steady increase in value, driven by their unique status as they transition from public to private housing.
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