In Singapore’s ever-evolving real estate landscape, Executive Condominiums (ECs) have consistently emerged as a unique and highly profitable asset class for savvy investors and homebuyers alike.
Bridging the gap between public housing and private condominiums, ECs offer an attractive entry point into the private property market—often at a significant discount as compared to similar private residential launches. With historical trends showing strong capital appreciation and resilient demand, ECs continue to deliver impressive returns, making them a standout investment.
Here's a look at some prominent press coverage that put ECs in the spotlight:
11 July 2023
First owners of executive condominiums make average gains of S$322,220 when selling: Huttons Asia, Business Times
Excerpt:
24 July 2023
Executive condo sellers in suburbs among top profit gainers in Q2, Business Times
Summary:
14 Nov 2024
Why executive condos still stand out in today’s market, Business Times
25 Nov 2024
Executive condos gain cachet as resale units generate windfall profits, Straits Times
3 March 2025
More EC units resold for profit of at least $1 million in 2024, The Straits Times
One of the driving forces behind the profitability of ECs is that in comparison, new launch executive condominiums are still at a lower psf as compared to new launch condo projects.
A good example to illustrate the price difference between a new launch condo and a new launch EC in the same region is over at Tampines, which saw the integrated development Parktown Residence and Aurelle of Tampines EC, located less than 400m away, and launched for Public Sales less than 1 month from each other.
These were the starting prices for Parktown Residence:
| Unit Type | Area (sqm) | Area (sqft) | Price From | Rate $PSF |
|---|---|---|---|---|
| 1BR+Study | 43 | 463 | $1.07M | $2,312 |
| 2BR | 55 | 592 | $1.33M | $2,247 |
| 2BR Premium | 63 | 678 | $1.55M | $2,286 |
| 2BR Premium +Study | 71 | 764 | $1.75M | $2,290 |
| 3BR | 86 | 926 | $2.07M | $2,236 |
| 3BR Premium | 99 | 1,066 | $2.35M | $2,205 |
| 3BR Premium +Study | 108 | 1,163 | $2.56M | $2,202 |
| 4BR | 124 | 1,335 | $2.85M | $2,135 |
| 4BR Premium | 139 | 1,496 | $3.26M | $2,179 |
| 5BR | 156 | 1,679 | $3.78M | $2,251 |
These were the starting prices for Aurelle of Tampines EC:
| Unit | Type | Area (sqft) | Starting From | PSF |
|---|---|---|---|---|
| 3BR | C1 | 840 | $1,417,000 | $1,687 psf |
| 4BR Compact | D1 | 1,023 | $1,689,000 | $1,651 psf |
| 5BR | E1 | 1,356 | $2,258,000 | $1,665 psf |
It is evident that the entry price for an EC development is still lower than that for a condo, with both being new launches : the entry price for a 3BR unit at Aurelle EC starts from $1.417m, whereas the entry price for a 3BR unit at Parktown starts from $2.07m.
The higher entry price at Parktown Residences provides price headroom and hence potential for capital appreciation for units at Aurelle of Tampines EC.
Let's take a look at some actual profitability figures for an EC project, The Brownstone, which met its MOP in 2022, providing a few years of sales and profitability data for reference.
Across the unit types from 2BR, 3BR to 4BR, profits were in the range of $300k+ to $800k+.