Analysts say ECs remain one of the most affordable private housing options, especially for HDB upgraders.
SINGAPORE: A prime Executive Condominium site at Tampines Street 95, listed under the 2H2024 Government Land Sales programme, is projected to draw considerable interest from developers, with bids potentially reaching up to $760 million.
Mr Quek emphasized the site’s strategic location near Tampines West MRT station and several key amenities, including educational institutions such as Junyuan Primary School and St Hilda’s Primary School, which enhance its appeal to both developers and potential homeowners. Wong Siew Ying, head of Research and Content at PropNex, echoed Quek’s sentiments, predicting that the site could attract four to five bids, with the highest offer ranging from $433 million to $442 million, translating to $715 to $730 psf ppr.
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