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by OrangeTee & Tie Pte Ltd.

Investment potential of executive condominiums

OT Research Reports

By Christine Sun (senior vice-president) and Timothy Eng (assistant manager)

Singapore, 06 Oct 2022

EXECUTIVE condominiums (ECs) are highly attractive to HDB upgraders for their affordability and investment potential. While new ECs are equipped and furnished like private homes, they are priced about 20-30 per cent lower than private condominiums.

Due to the widening price gap between condominiums and ECs, more people have been buying ECs in recent years. Resale ECs have also grown in popularity among local and foreign tenants.

There has been a dearth of new EC supply in Tampines. The last EC launched in Tampines was Parc Central Residences in 2021, which sold out. With over 6,000 flats in Tampines and Pasir Ris reaching their MOP between 2019 and 2022, we expect strong upgrader demand in the future.







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