A City Developments Limited (CDI) spokesman says based on its experience, suburban condominiums and ECs in excellent locations can expect to enjoy good demand.
Launched in October, CDL’s Forest Woods suburban condominium, which is a five-minute walk from Nex Shopping and Serangoon interchange and bus interchange, was the best-selling development for month. As at end-December 2016, 74 per cent of its total 519 units have been sold.
Asked which type of property offers the most promise in 2017 Mr Wong’s bet is on ECs.
l would favour the EC market. EC pipeline supply remains low and they offer a value-for-money option for occupiers, given the price gap between comparable ECs and private condos and the availability of government grants,” he says.
So far, only three new EC launches have been confirmed
The government’s rules that prohibit-developers to launch EC units of Government Land (GIS) sites less than 15 months after a successful tender bid means that we can expect only three new EC launches this year, says Mr Jeremy Lee, co-founder and Chief technology officer of StreetSine Group.
One EC of note is The Visionaire, a 99-year leasehold development that sets the stage for smart living, with features that enable home also to stay connected to smart appliances such as air-conditioners, lights and wireless speakers via their mobile devices.