Being rational buyers, we all prefer properties that can hold its value over time. As a general rule of thumb, land tenure aside, bigger developments outperform smaller ones in this aspect. Bigger developments are associated with lower maintenance fees as a result of economies of scale, its extensive range of condo facilities attracts a larger pool of potential tenants and the higher transaction volume provides support for subsequent resale prices and bank valuation. Of course, such developments may not be suitable for home owners who value exclusivity and privacy.
We have curated a list of mega launches (developments with more than one thousand units) for your purview. For projects not listed below, please feel free to contact us directly for more information!
Executive condominiums (EC) are built by private developer on behalf of the government, and are considered subsidised housing, particularly for the middle-income household, who are considered “too rich” to afford a HDB and yet “too poor” to afford a private condo. ECs are a hybrid between private and public housing, and just like private condos, ECs come with condo facilities and units are furnished with air conditioning, flooring, toilets, cabinets, wardrobes and kitchen facilities.
With the new ECs priced in excess of $1000 psf, I’m sure you will be wondering whether ECs are still a a value purchase. Meanwhile, here’s a list of existing EC development currently available in the market: