July 15, 2024
EC Land Sales Prices Sees Prices Increase for Future Launches

EC Land Sales Prices Sees Prices Increase for Future Launches

EC Land Sales Prices See Prices Increase for Future Launches

If you’re wondering why ECs are attracting more upgraders, this article explains the recent trend in EC land sales prices. While ECs still cost much less than HDBs, the development of private developments has driven up prices. And while ECs remain a popular choice for upgraders, their prices are set to rise even more in future launches.

ECs are cheaper than HDBs

There are a number of reasons why ECs are cheaper than HDBs. First of all, ECs are built by private developers and are sold as HDB flats through the HDB. Because they are subsidized, ECs have a lower cost of land and a higher profit potential after 10 years. Second, ECs do not allow foreigners to own them, and third, they have a minimum occupancy period of five years.

A 2-room EC has a median AV of …

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