Wednesday, October 24, 2012

Chart of the Day: See how executive condos worth above $1M skyrocketed since 2010

S$1.3M ECs are hot items.

According to Savills, apart from the priciest S$1.61 million 1 Canberra EC, two sky suites spanning 2,476 sq ft and 2,433 sq ft at The Rainforest were transacted at S$1.58 million (S$637 per sq ft) and S$1.56 million (S$640 per sq ft) respectively in February 2012.

Another 16 ECs from The Tampines Trilliant, Riverpac Residence, Arc at Tampines, Watercolours and Esparina Residences were sold for S$1.3 million and above. These units have all breached the previous record of S$1.1 million paid for a new 2,486-sq ft EC at Pinevale in December 1997.

"The spaciousness offered by the ECs priced above S$1.3 million, often ranging from 1,900 sq ft to 2,700 sq ft, may have been a major attraction. Some were penthouses or sky suites which command unobstructed views, have large roof terraces, spacious balconies, four bedrooms and private Jacuzzis. Others were dual-key units which come with an attached studio and a separate entrance," said Savills.

Martin Koh | 86666 944 | R020968Z
Sherry Tang | 9844 4400 | R020241C
Senior Sales Director
DTZ Debenham Tie Leung (SEA) Pte Ltd (L3006301G)

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