Will the executive condo prices increase after being privatised?

Executive Condominiums (ECs) in Singapore typically experience a price increase after they are fully privatised, which occurs 10 years after the initial purchase.

Historically, EC prices have appreciated significantly over time. For instance, the average price of an EC unit has risen from around $424,000 in 2010 to about $1.04 million today, representing a substantial increase.

When an EC is privatised, it is no longer subject to the restrictions imposed on it during the first 10 years, such as the minimum occupation period and the restriction on foreign ownership. This change often leads to an increase in demand and, consequently, an increase in prices. The price increase can range from 10% to 20%, depending on market conditions and government policies.

However, the exact magnitude of the price increase will depend on various factors, including the overall property market conditions, demand, and supply at the time of privatisation.