2017 will be a quieter year for EC projects.
Just three new executive condominiums (ECs) are targeted to establish next year, down from five projects in 2016. Their names haven’t been disclosed yet, but the websites are at:
1) Choa Chu Kang Avenue 5
The 99-year leasehold site is located close to Sun Place shopping centre and Chua Chu Kang Primary School. It could build about 490 units. http://www.inz-residence.com.sg
2) Yio Chu Kang Road
The developer submitted the highest bid of $183.8 million, which works out to about $331 psf on the gross floor area. Offered on a 99-year lease, the site could yield around 520 units. Nearby amenities include the Hougang 1 shopping mall, Nanyang Polytechnic and Rosyth School.
3) Anchorvale Lane
The 2.1ha EC site located beside the Punggol Reservoir was given to Hoi Hup Realty and Sunway Developments in September 2016, after the developers together submitted the top bid of $241 million. The price translates to $355 psf per plot ratio. The Tongkang LRT station and several schools are located nearby. The 99-year leasehold site is likely to produce about 635 units.