HDB EC Land Sales
EC or Executive Condominium are a type of housing in Singapore. First built in 1994, EC is a hybrid of public and private housing. They resemble private condominiums and are enclosed within a gated compound with security and other amenities. They are also built and sold by private developers, but at a price lower than private homes because their land prices are subsidised by the Government, as such EC is subject to some regulations that apply to HDB flats. For direct purchases from a developer, there is a minimum occupancy period of five years; during which the EC cannot be sold or rented out whole. After five years, the EC can only be sold to Singaporeans or Singaporean Permanent Residents (PRs). Only when the development reaches ten years old, it becomes a full private housing and can it be sold to anyone with the money to buy, including foreigners.
Prive EC - First EC in Punggol along Punggol Road
Location: Punggol Field / Punggol Road (Map) 800m from MRT, 200m LRT
Site Area 2.3 hectare
Max. Permissible GFA [GPR] 67,492 sq m [3.0]
Dwelling Units: 680 (Residential Density 302 DU/ha)
Lease Term 99 years from June 2010 (TOP: 2013)
$223,740,000 NTUC ChoiceHomes Investments & CEL Development
Land Cost: $100 million per hectare. $ 308 psf ppr
Prive EC Indicative Selling Price: S$ 680 psf
Chip Eng Seng Corporation says wholly-owned subsidiary CES Engineering and Construction was awarded $142 million for Prive EC building works. The contract is for the development of 10 blocks of 17-storey apartments with landscaped deck, common basement carparks and communal facilities at Punggol Field / Punggol Road. Construction Cost: $196 psf ppr. Add 1% for Architect, 1% for QS+ME, 1% PM = Estimated Total Construction Cost is $202 psf ppr..
Riverparc Residence EC along Punggol East
Location: Punggol Drive / Punggol East (Map)
Site Area 1.6 hectare
Max. Allowable GFA [GPR] 53,380 sq m [3.4]
Dwelling Units 504 (Residential Density 321 DU/ha)
Lease Term 99 years from Sep 2010 (TOP: 2014)
$136,170,000 Qingjian Realty (CNQC)
Land Cost: $86 million per hectare. $ 237 psf ppr
Riverparc Residence EC Indicative Selling Price: S$ 650 psf
Blossom Residences EC along Bukit Panjang
Location: Segar Road (Map)
Site Area 2.1 hectare
Max. Allowable GFA [GPR] 62,502 sq m [3.0]
Dwelling Units: 602 (Residential Density 288 DU/ha)
Lease Term 99 years from Dec 2010 (TOP: 2014)
$181,990,000 Grand Isle Holdings (CDL)
Land Cost: $87 million per hectare. $ 270 psf ppr
Blossom Residences EC Indicative Selling Price: S$ 820 psf
Watercolours EC along Pasir Ris Drive 3
Location: Pasir Ris Drive 3 / Pasir Ris Link (Map)
Site Area: 1.9 hectare
Maximum GFA [GPR]: 39,010 sq m [2.1]
Estimated Dwelling Units: 416 (Residential Density 224 DU/ha)
Lease Term: 99 years from October 2011 (TOP: Jun 2015)
$122,200,000 Ho Lee Group & Maxdin Pte Ltd
Land Cost: $67 million per hectare. $ 291 psf ppr
Watercolours EC Indicative Selling Price: S$ 800 psf
Topiary EC along Fernvale Lane
Location: Fernvale Lane & Yio Chu Kang Road (Map)
Site Area: 2.2 hectare
Maximum GFA [GPR]: 77,000 sq m [3.5]
Estimated Dwelling Units: 700 (Residential Density 318 DU/ha)
Lease Term: 99 years from April 2012 (TOP: Jun 2015)
$245,000,000 Kheng Leong and CNQC JV
Land Cost: $112 million per hectare.
Topiary EC Indicative Selling Price: S$ 820 psf
Heron Bay EC along Hougang
Location: Upper Serangoon Road (Map)
Site Area 1.3 hectare
Max. Allowable GFA [GPR] 43,373 sq m [3.5]
Dwelling Units 394 (Residential Density 317 DU/ha)
Lease Term 99 years from June 2012 (TOP: 2016)
$141,480,000 Ho Lee Group & See Hup Seng
Land Cost: $114 million per hectare. $ 303 psf ppr
Heron Bay EC Indicative Selling Price: S$ 800 psf
A 2,845 sq ft penthouse at Heron Bay EC was sold for $1.77 million or $ 622 psf.
Sea Horizon EC along Pasir Ris Drive 3
Location: Pasir Ris Drive 3 / Pasir Ris Rise (Map)
Site Area: 2.8 hectare
Maximum GFA [GPR]: 58,086 sq m [2.1]
Maximum Building Height: 49m AMSL
Dwelling Units: 495 (Residential Density 178 DU/ha)
Lease Term: 99 years from Nov 2012 (TOP: 2016)
$207,000,000 Hao Yuan Investment
Land Cost: $75 million per hectare. $ 331 psf ppr
Sea Horizon EC Indicative Selling Price: S$ 800 psf
Waterwoods EC along Punggol East
Location: Punggol Field Walk / Punggol East (Map)
Site Area: 1.5 hectare
Maximum GFA [GPR]: 42,921 sq m [3.0] 461,826 sq.ft.
Maximum Building Height: 64m AMSL
Dwelling Units: 373 (Residential Density 260 DU/ha)
Lease Term: 99 years from Dec 2012 (TOP: 2017)
$162,100,000 Sing Holdings Limited
Land Cost: $113 million per hectare. $ 351 psf ppr
Waterwoods EC Indicative Selling Price: S$ 800 psf
January 2013 update: The Government announced a new requirement that EC developers will also only be able to market their projects 15 months from the date of award of the sites, or after the physical completion of foundation works, whichever is earlier. This move is intended to encourage developers to bid more prudently for EC sites.
Bellewoods EC by Woodsland Ave 12
Location: Woodsland Ave 5 (Map)
Site Area: 2.1 hectare
Maximum GFA [GPR]: 58,812 sq m [2.8] 742,716 sq.ft.
Maximum Building Height: 64m AMSL
Dwelling Units: 561 (Residential Density 267 DU/ha)
Lease Term: 99 years from May 2013 (TOP: 2017)
$216,000,000 Qingjian Realty (CNQC)
Land Cost: $103 million per hectare. $ 341 psf ppr
Bellewoods EC Indicative Selling Price: S$ 800 psf
Bellewaters EC by TPE Expressway
Location: Anchorvale Crescent Sengkang (Map)
Site Area: 2.3 hectare
Maximum GFA [GPR]: 69,000 sq m [3.0] 742,716 sq.ft.
Maximum Building Height: 64m AMSL
Dwelling Units: 651 (Residential Density 283 DU/ha)
Lease Term: 99 years from May 2013 (TOP: 2017)
$245,600,000 Qingjian Realty (CNQC)
Land Cost: $107 million per hectare. $ 331 psf ppr
Bellewaters EC Indicative Selling Price: S$ 810 psf
Amore EC previously Daleys EC along Punggol Central
between Horizon Pri Sch and Greendale Sec Sch
Location: Punggol Central /Edgedale Plains (Map)
Site Area: 1.36 hectare
Maximum GFA [GPR]: 40,694 sq m [3.0]
Maximum Building Height: 64m AMSL
Dwelling Units: 378 (Residential Density 278 DU/ha)
Lease Term: 99 years from Aug 2013 (TOP: 2018)
$156,000,000.00 Master Contract Services & Keong Hong Construction
Land Cost: $115 million per hectare. $356 psf ppr
Amore EC Indicative Selling Price: S$ 810 psf
The Terrace EC by Punggol Waterway
between HDB WoodCrest and HDB Sunbeam
Location: Punggol Drive /Edgedale Plains (Map)
Site Area: 2.4 hectare
Maximum GFA [GPR]: 81,820.32 sq m [3.4]
Maximum Building Height: 64m AMSL
Dwelling Units: 747 (Residential Density 310 DU/ha)
Lease Term: 99 years from Aug 2013 (TOP: 2017)
$312,800,000.00 Kheng Leong Company Pte. Ltd.
Land Cost: $130 million per hectare. $ 355 psf ppr
The Terrace EC Indicative Selling Price: S$ 820 psf
Lake Life EC "by" Jurong Lake
Location: Yuan Ching Road/Tao Ching Road (Map)
Site Area: 2.1 hectare
Maximum GFA [GPR]: 60,563 sq m [3.0]
Maximum Building Height: 72m AMSL
Dwelling Units: 546 (Residential Density 270 DU/ha)
Lease Term: 99 years from Aug 2013 (TOP: 2018)
$272,830,000.00 Evia Real Estate, BBR Development and OKP Land
Land Cost: $135 million per hectare. $ 419 psf ppr
Lake Life EC IndicativeSelling Price: S$ 870 psf 96% sold on launch day.
9 Dec 2013 New HDB Rules: EC Buyers who back out of sales and purchase agreements have been cut from 20% to 5%. Second-timers who buy EC units directly from developers will have to pay a resale levy. Mortgage repayments for an EC unit is capped at 30% of the buyer's gross monthly income.
Westwood Residences EC 1.7 ha plot for 480 dwelling units (Residential Density 278 DU/ha) was sold to Koh Bros on Jan 2014 for $115 million per hectare (translated to $382psfppr). Locate at Westwood Avenue (Map) by the PIE highway and Jalan Bahar interchange. Marketed as the first bicycle-themed housing development with a velodrome and traffic garden for the kids.
Westwood Residences EC Indicative Selling Price: S$ 800 psf
Brownstone EC - Canberra Drive near Canberra MRT Station (Map)
Site Area: 2.9 hectare with maximum GFA [GPR]: 59,981.25 sq m [2.1]
Maximum Building Height: 45m AMSL
Dwelling Units: Estimated 638 (Residential Density 220 DU/ha)
Lease Term: 99 years from Feb 2014 (TOP: 2018)
$226,000,000 Verwood & TID Residential JV (City Development)
Land Cost: $78 million per hectare. $ 350 psf ppr
Brownstone EC Indicative Selling Price: S$ 830 psf
The Vale EC - Anchorvale Street opposite Sengkang General Hospital near Sengkang Cheng Lim LRT Station (Map)
Site Area: 1.6 hectare with maximum GFA [GPR]: 48,840 sq m [3.0]
Maximum Building Height: 64m AMSL
Dwelling Units: 517 (Residential Density 323 DU/ha)
Lease Term: 99 years from Feb 2014 (TOP: 2018)
$192,900,000 SingHaiyi Group & Kay Lim Holdings JV (Phoenix Real Estate)
Land Cost: $119 million per hectare. $ 367 psf ppr
The Vale EC Indicative Selling Price: S$ 800 psf
Sol Acres EC next to ITE College West
Location: Chua Chu Kang Way (Map)
Site Area: 3.3 Hectares
Maximum GFA [GPR]: 103,662 sq m [3.5]
Maximum Building Height: 45m AMSL
Dwelling Units: 1,327 (Residential Density 402 DU/ha)
Lease Term: 99 years from Mar 2014 (TOP: 2019)
$442,600,000 MCL Land
Land Cost: $134 million per hectare. $ 397 psf ppr
Sol Acres EC Indicative Selling Price: S$ 780 psf
The Criterion EC near Lower Seletar Reservoir Park
Location: Yishun Street 51 (Map)
Site Area: 1.8 Hectares
Maximum GFA [GPR]: 50,232.56 sq m [2.8]
Maximum Building Height: 56m AMSL
Dwelling Units: 525 (Residential Density 292 DU/ha)
Lease Term: 99 years from May 2014
$178,500,000 Verwood & TID Residential JV (City Development)
Land Cost: $100 million per hectare. $ 397 psf ppr
The Criterion EC Indicative Selling Price: S$ 810 psf
Signature at Yishun EC near Lower Seletar Reservoir Park
Location: Yishun Street 51 (Map)
Site Area: 1.8 Hectares
Maximum GFA [GPR]: 51,129 sq m [2.8]
Maximum Building Height: 56m AMSL
Dwelling Units: 525 (Residential Density 292 DU/ha)
Lease Term: 99 years from May 2014
$184,130,000 JBE Holdings
Land Cost: $101 million per hectare. $ 397 psf ppr
Signature at Yishun EC Indicative Selling Price: S$ 770 psf
Parc Life EC along Sembawang Avenue near Sun Plaza, Sembawang MRT Station
Location: Gambas Crescent + Sembawang Avenue (Map)
Site Area: 2.2 Hectares
Maximum GFA [GPR]: 62,131.16 sq m [2.8]
Maximum Building Height: 61m AMSL
Dwelling Units: Estimated 620 (Residential Density 282 DU/ha)
Lease Term: 99 years from Jul 2014
$214,080,000 Fraser Centre Homes and KH Capital JV
Land Cost: $97 million per hectare. $ 320 psf ppr
Parc Life EC Indicative Selling Price: S$ 830 psf
Wandervale EC along Choa Chu Kang Drive next to Al-khair Mosque
Location: Teck Whye Crescent + Choa Chu Kang Drive (Map)
Site Area: 1.9 Hectares
Maximum GFA [GPR]: 53,362 sq m [2.8]
Maximum Building Height: 80m AMSL
Dwelling Units: 534 (Residential Density 281 DU/ha)
Lease Term: 99 years from Sep 2014
$207,400,000 Sim Lian Land
Land Cost: $109 million per hectare. $ 361 psf ppr
Wandervale EC Indicative Selling Price: S$ 755 psf 50% sold on launch day.
The Visionaire EC along Canberra Link opposite Old Admiralty House
Location: Sembawang Road / Canberra Link (Map)
Site Area: 2.9 Hectares
Maximum GFA [GPR]: 60,366 sq m [2.1]
Maximum Building Height: 45m AMSL
Dwelling Units: 632 (Residential Density 218 DU/ha)
Lease Term: 99 years from Oct 2014
$229,377,000 Qingjian Realty
Land Cost: $79 million per hectare. $ 353 psf ppr
The Visionaire EC Indicative Selling Price: S$ 770 psf
Treasure Crest EC near Cheng Lim LRT Station, Sengkang
Location: Anchorvale Crescent (Map)
Site Area: 1.8 Hectares
Maximum GFA [GPR]: 52,350 sq m [3.0]
Maximum Building Height: 64m AMSL
Dwelling Units: 504 (280 DU/Ha)
Lease Term: 99 years from Jan 2015
S$157.8 million Sim Lian Land
Land Cost: $90 million per hectare. $ 280 psf ppr
Treasure Crest EC Indicative Selling Price: S$ 680 psf
2015 Jan: The Sengkang and Punggol area is home to the highest concentration of new EC projects. Prior to the latest site, 14 EC sites have been sold in the area with 7,149 units of which 1,449 remain unsold. There are now a record 2,000 vacant EC units that have been launched and remain unsold islandwide.
Northwave EC @ Woodlands Avenue 12 (Map)
Site Area: 1.3 Hectares
Maximum GFA [GPR]: 34,687 sq m [3.0]
Dwelling Units: 358 (Residential Density 275 DU/Ha)
Lease Term: 99 years from Feb 2015
S$103.8 million Hao Yuan Investment
Land Cost: $84 million per hectare. $ 278 psf ppr
Northwave EC Indicative Selling Price: S$ 750 psf
INZ Residences EC @ Choa Chu Kang Avenue 5 off Brickland Road (Map)
Site Area: 1.6 Hectares
Maximum GFA [GPR]: 49,000 sq m [3.0]
Dwelling Units: 497 (Residential Density 310 DU/Ha)
Lease Term: 99 years from August 2015
S$156 million by Qingjian/Suntec/Bohai JV
Land Cost: $95 million per hectare. $ 295 psf ppr
INZ Residences EC Indicative Selling Price: S$ 870 psf
Hundred Palms Residences EC @ Yio Chu Kang Road off Ang Mo Kio Ave 3 (Map)
Site Area: 1.9 Hectares
Maximum GFA [GPR]: 53,000 sq m [2.8]
Dwelling Units: 531 (Residential Density 280 DU/Ha)
Lease Term: 99 years from Dec 2015
S$184 million by Hoi Hup Realty
Land Cost: $100 million per hectare. $ 331 psf ppr
Hundred Palms Residences EC Indicative Selling Price: S$ 770 psf
Sumang Walk EC by Punggol Waterway (Map)
Site Area: 2.7 Hectares
Maximum GFA [GPR]: 81,900 sq m [3.0]
Dwelling Units: Estimated 800
Lease Term: 99 years from August 2016
S$? million by ?
Land Cost: $? million per hectare. $ ? psf ppr
Indicative Selling Price: S$ ? psf
Updated On: 17.04.14