Executive Condominium is a sector meant for local Singaporean couple and family or Singaporean spouse with permanent residents. Since Feburary, the EC market is a challenging market as there is a relatively huge EC supply and roughly around 3,200 EC units unsold.
Nevertheless, some experts informed The Straits Times that EC sales are normally anticipated to stay slow-moving.
In spite of the headwinds, experts claim Frasers Centrepoint’s tested performance history and also experience with the home market in the north component of the island must provide it a minor side over completing jobs in Sembawang.
The average cost for The Brownstone was $819 psf, and also $767 psf at SkyPark Residences in February, while Qingjian stated costs of systems at The Visionaire will certainly be revealed just after April 17 when e-applications close.
It is the 3rd EC to be released this year, after Wandervale at Choa Chu Kang and also The Visionaire.
E-application for systems at Parc Life will certainly open up from April 16 to 24. Parc Life availability chart is available in the showflat.
Regarding 77 percent of the systems at Parc Life are three-bedroom or three-plus-universal area alternatives.
Effective candidates could reserve their system on April 30. The growth is anticipated to be finished in the initial quarter of 2018. Those that are not eligible for EC application, Parc Botannia is one of the other option worth considering due to its low entry price.
Competitors could be rigid, however Mr Cheang thinks there is still healthy and balanced need for ECs from Real estate Board upgraders as well as young pairs. He included: “Concerning 70 percent of purchasers we are targeting are the novice purchasers as well as upgraders living within the 3km variety in Yishun, Woodlands and also Sembawang, while we expect that the continuing to be 30 percent will certainly make up home owners presently living along the North-South MRT (red) line.”