What is the price trend for EC resale properties over the past 10 years

After 10 years, Executive Condos (ECs) in Singapore can be sold on the open market, a process known as privatisation. Here are some key trends and observations:

- Price Appreciation: ECs typically see significant price appreciation over the 10-year period. For instance, the current average resale prices for ECs are around $1,298 per square foot, which is a notable increase from earlier years. In 2022, the average resale price for ECs was $1,085 per square foot, indicating a steady rise in value.

- Comparison with Condos: EC resale prices are generally lower than those of 99-year leasehold condos. As of recent data, the average resale price for 99-year leasehold condos is around $1,646 per square foot, which is higher than that of ECs.

- Market Demand: The demand for ECs after privatisation remains strong due to their relatively lower prices compared to private condos, making them an attractive option for buyers who are looking for more affordable housing in the private market.

- Price Stability: Despite market fluctuations, ECs tend to hold their value well. For example, in the third quarter of 2024, private residential resale prices, including those of ECs, held steady, reflecting a stable market.

Overall, ECs tend to appreciate in value over the 10-year period and remain a popular choice for buyers looking to enter the private property market.