Smaller units have a lower quantum but a higher price per square foot, and were snapped up quickly post 2013 among new investors and younger buyers as the Total Debt Servicing Ratio implementation resulted in lower affordability among the general population. The options in our database are limitless. While this is a broad picture (we're not looking at specific unit sizes or locations), it does mean that EC buyers in 2010 are sitting on average investment gains of about $254,000; or an annualised return of about 2.8 per cent per annum.Let's take a look at how the condo market has performed in the same period.Across the island, condo prices - on a per square foot basis have appreciated from an average of $1,170 per square foot, to about $1,777 per square foot today - that's about a 51 per cent increase over the past decade, beating ECs.But if we look at the average price of a condo unit, we can see that it trails behind ECs in growth:Over the past decade, the average price of a condo in Singapore has risen from $1.43 million, to about $1.84 million - a more modest appreciation of about 28 per cent.One reason for the significant increase in price per square foot, but lower overall prices, is due to the increasing popularity of smaller units. Therefore we will serve sub-optimal experience where some features such as Login/Signup are disabled. But can the profitability of ECs match up to those of private condos? Some might say that an EC would never be worth as much as a private condominium even after it privatises.Looking at the trend over the past 10 years, we can clearly see a price gap between both ECs and private condos.Back in 2010, average condo prices were about $1.4 million, while EC prices - as mentioned above - averaged $786,000.
Get a 1-time free 30 min Property Wealth Planning consultation. After all, ECs are also built by private developers, complete with gyms, swimming pools, BBQ pits, etc the facilities commonly found in a condominium. The average price of a unit there has risen from $424,000, to $829,000 (up around 95.3 per cent).Take note however, that it's peak years may have passed with prices steadily declining since it's MOP in 2013.
That's an 88.9 per cent increase. With further benefits such as ABSD remission, minimum cash outlay of 5% and a max 75% loan eligibility for HDB upgraders, government policy measures seem to be subtly funneling Singaporeans towards this profitable housing choice, in a bid to help them climb further up the wealth ladder. In terms of price, the average unit in this development has more than doubled - from about $504,000 to an average of $1.06 million today (about 112 per cent increase).Take note too, that since the peak in 2013, The Quintet seems to be on a similar decline, albeit less so in the recent 4 years. For comparison sake, let's look at one last EC, which had its TOP in 2005 (it would have been privatised around 2016). Our philosophy at Quintetec is unique, and will change the way you and your organization view leadership.
Today, the average price of an EC unit has appreciated to about $1.04 million. The Quintet property is made up of 159 units of 3-bedroom condos with a size of 1260 sqft to 1863 sqft, a 4-bedroom condo of 1561 sqft to 2143 sqft and a penthouse of 2401 sqft to 3488 sqft all well-built to provide occupants with that sublime and pampering comfort. In terms of price, the average unit in The Esparis costs just around $475,000 in 2005. If not, when can be sold? We see leaders everywhere, at every level in your organization. Executive Condominiums (ECs) are a unique class of housing - they're HDB properties for the first 10 years, and become fully privatised after that. Can it be sold at open market now? The Quintet Executive Condominium in Choa Chu Kang Another EC that was privatised at a period close to La Casa is The Quintet (this is also an Outside Core Region (OCR) EC). To comply with GDPR we will not store any personally identifiable information from you. The Profitability of Executive Condominiums (2010 to 2020)Are Executive Condominiums really your ticket to financial freedom?Average Quantum Prices for Executive Condos 2010-2020Average Quantum Prices for Private Condos 2010-2020Diving alittle deeper, let’s take a look at how some recently privatised ECs have performed since their launch.
Another EC that was privatised at a period close to La Casa is The Quintet (this is also an Outside Core Region (OCR) EC). Click on to save properties and they will appear here.Please enter the captcha below and we will get you on your way. Let's take a look at the figures over the last 10 years.Between 31st January 2010 to 31st January 2020 (the day this article was written), EC prices in Singapore have risen from $649 per square foot, to $932 per square foot - a 43.6 per cent increase over a decade.In terms of average price for ECs, you would have paid around $786,000 for an EC unit back in 2010. That was a significant price gap of more than 80 per cent.In 2020, this price gap narrowed by about 6 percentage points.
However, a counterargument that's often raised is the psychological component. The Quintet EC Average PSF Price Trend 2005 to 2020 Today it has more than doubled to about $995,700 - a close to 110 per cent increase.The peak years seems to have passed too in 2013, but interestingly in the recent 4 years, prices have gained around 10% compared to the previous 2 examples.Whether it continues to strengthen remains to be seen but chances of downside price pressures are higher given that it has reached its 15 years old mark. However, you will be able to search and see all the properties, see agent contact details and contact them offline on your own.