{"id":5075,"date":"2016-03-21T02:10:27","date_gmt":"2016-03-20T18:10:27","guid":{"rendered":"https:\/\/www.99.co\/blog\/singapore\/?p=5075"},"modified":"2022-07-01T04:01:41","modified_gmt":"2022-06-30T20:01:41","slug":"private-ecs-shine-stagnant-property-market","status":"publish","type":"post","link":"https:\/\/www.99.co\/singapore\/insider\/private-ecs-shine-stagnant-property-market\/","title":{"rendered":"Private ECs shine in stagnant property market"},"content":{"rendered":"<div id=\"bsf_rt_marker\"><\/div><p><img decoding=\"async\" class=\"aligncenter size-full wp-image-5076\" src=\"https:\/\/www.99.co\/singapore\/insider\/wp-content\/uploads\/2016\/03\/Fotolia_53995790_Subscription_Monthly_M-e1458526209558.jpg\" alt=\"New Estate\" width=\"950\" height=\"633\" srcset=\"https:\/\/www.99.co\/singapore\/insider\/wp-content\/uploads\/2016\/03\/Fotolia_53995790_Subscription_Monthly_M-e1458526209558.jpg 950w, https:\/\/www.99.co\/singapore\/insider\/wp-content\/uploads\/2016\/03\/Fotolia_53995790_Subscription_Monthly_M-e1458526209558-600x400.jpg 600w\" sizes=\"(max-width: 950px) 100vw, 950px\" \/><\/p>\n<p><i><span style=\"font-weight: 400;\">Potential price appreciation of new executive condominiums have spurred purchases.<\/span><\/i><\/p>\n<p><span style=\"font-weight: 400;\">Buyers of newly-launched executive condominiums (ECs) are hoping to reap premiums in the future, industry experts said. \u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Property prices of Nuovo in Ang Mo Kio have approximately doubled in price since its launch. Bishan Loft units have also appreciated in value, after more expensive condominiums were introduced in the neighbourhood. Following a similar trend in price appreciation, Wandervale EC that was launched earlier this month has drawn strong interest.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">However, newly-launched ECs fetched a higher selling price than older ones \u2013 that were affected by a weak economy and the Sars crisis. \u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">In recent times, launch prices of ECs inched towards $1,000 per square foot, R\u2019ST Research director Ong Kah Seng told <\/span><a href=\"http:\/\/www.straitstimes.com\/business\/property\/some-privatised-ecs-in-high-demand\"><span style=\"font-weight: 400;\">The Straits Times<\/span><\/a><span style=\"font-weight: 400;\">.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">The price gap has narrowed between new ECs and new 99-year leasehold condominiums so buyers now have a range of options. <\/span><\/p>\n<p><span style=\"font-weight: 400;\">Read <\/span><a href=\"http:\/\/www.straitstimes.com\/business\/property\/some-privatised-ecs-in-high-demand\"><span style=\"font-weight: 400;\">The Straits Times<\/span><\/a><span style=\"font-weight: 400;\"> for more information. <\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Potential price appreciation of new executive condominiums have spurred purchases. Buyers of newly-launched executive condominiums (ECs) are hoping to reap premiums in the future, industry experts said. \u00a0 Property prices of Nuovo in Ang Mo Kio have approximately doubled in price since its launch. Bishan Loft units have also appreciated in value, after more expensive&hellip;<\/p>\n","protected":false},"author":17,"featured_media":54205,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_relevanssi_hide_post":"","_relevanssi_hide_content":"","_relevanssi_pin_for_all":"","_relevanssi_pin_keywords":"","_relevanssi_unpin_keywords":"","_relevanssi_related_keywords":"","_relevanssi_related_include_ids":"","_relevanssi_related_exclude_ids":"","_relevanssi_related_no_append":"","_relevanssi_related_not_related":"","_relevanssi_related_posts":"","_relevanssi_noindex_reason":"","_lmt_disableupdate":"","_lmt_disable":"","_genesis_hide_title":false,"_genesis_hide_breadcrumbs":false,"_genesis_hide_singular_image":false,"_genesis_hide_footer_widgets":false,"_genesis_custom_body_class":"","_genesis_custom_post_class":"","_genesis_layout":"","footnotes":""},"categories":[53601,53725,57131],"tags":[],"persona":[],"class_list":{"2":"type-post","10":"entry","11":"has-post-thumbnail"},"acf":[],"yoast_head":"<!-- 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