Is EC Market Becoming Too Saturated?

Is the EC market becoming too saturated despite its positive appetite. An agency head says ECs are 20-25% cheaper than mass market condos and cater to the aspirations of Singaporeans. Since 2010, about 7,100 units have been taken up. Five other projects including 1 Canberra in Yishun and Watercolours in Pasir Ris had 780 units available at the end of October. And another  seven in the pipeline in Woodlands, Pasir Ris and Punggol. The Topiary in Seletar Hills, CityLife@Tampines and Forestville in Woodlands expected to be released before Christmas. Under the Government Land Sales (GLS) Programme, there are also on-going tenders for two EC sites in Punggol and Sembawang, hence in total, nine upcoming launches.

What is your take?

No comments yet.

Leave a Reply