{"id":66004,"date":"2023-06-14T16:47:10","date_gmt":"2023-06-14T08:47:10","guid":{"rendered":"https:\/\/www.99.co\/singapore\/insider\/?p=66004"},"modified":"2026-03-17T15:32:38","modified_gmt":"2026-03-17T07:32:38","slug":"ec-gain-may-2023","status":"publish","type":"post","link":"https:\/\/www.99.co\/singapore\/insider\/ec-gain-may-2023\/","title":{"rendered":"ECs resold in May 2023 made an average profit of S$470k; highest at S$995k"},"content":{"rendered":"
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For the past few months, we have been covering monthly condo gains and losses. For instance, last month, we noticed that the condo units with at least a 200% gain in April 2023<\/a> were held for at least 15 years. We also noted that 32 condo units were sold at a loss<\/a> in the same month.<\/p>\n

Today, we\u2019ll be focusing on the executive condominiums (ECs)<\/a> that were resold in May 2023 (from URA data, captured as of 14 June 2023).<\/p>\n

(Shout out to the data team at 99.co<\/a>, who have helped us match the latest and previous transactions of the same units to calculate the capital gains and losses of the respective units. Other costs, such as stamp duty<\/a>, legal fees and agent\u2019s commissions<\/a>, are not taken into account.)<\/p>\n

Do also note that the data includes EC units that were initially sold by developers. Some of them have since been privatised<\/a> when they\u2019re resold last month.<\/p>\n