Crowd at Altura EC sales gallery. The development was the best-performing project in August (Photo: Qingjian Realty/Santarli Realty)SINGAPORE (EDGEPROP) - According to data released by URA on Sept 15, developers sold 394 new homes excluding executive condos (ECs) in August – a 72.1% m-o-m plunge from the 1,412 units sold in July that marked a 20-month high. On a y-o-y basis, sales were down 10% compared to 438 new homes sold in August 2022.The m-o-m drop in sales follows fewer new launches. “The
With private property prices still on the high (we’ve obviously yet to see the effects from the latest cooling measures ), Executive Condominiums (ECs) are the only hope for some buyers this coming year. So far, there are just four sites on the radar; and with demand at a peak, you’ll probably have to move fast to get a unit..