EXECUTIVE CONDOMINIUMS

The Profitability of Executive Condos

12 JUNE 2025

Executive Condominiums - A Standout Investment

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.

Upcoming New Launch ECs 2025

Executive Condominiums - The Headlines

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:

  • First owners of executive condominiums make an average profit of S$322,220
  • First owners can gain more than S$500,000 when the project is approaching the 10-year mark
  • First owners who sell within one year of fulfilling the MOP sees average gross gains of S$317,731
  • First owners who sell between one year and less than two years sees average gross gains of S$327,982
  • Second owners of executive condominiums gain S$261,948 on average
  • Second owners made average gross profits of S$245,303 after holding the unit for three to four years.
  • Second owners had to wait for at least four years to see an average gross profit of nearly S$300,000

24 July 2023
Executive condo sellers in suburbs among top profit gainers in Q2, Business Times

Top profit- and loss-making resale deals in Q2 2023

Summary: 

  • Of the projects highlighted in Top Profit Making Deals by percentage: 
    • Wandervale : an EC that met TOP on 14 Mar 2018
    • Sol Acres : an EC that met TOP on 12 Mar 2018
  • The EC projects achieved higher annualised profit than projects in the CCR (Core Central Region) 

Executive Condo Price Trends VS New Launch Condo

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. 

Parktown Residence VS Aurelle of Tampines EC

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 TypeArea (sqm)Area (sqft)Price FromRate $PSF
1BR+Study43463$1.07M$2,312
2BR55592$1.33M$2,247
2BR Premium63678$1.55M$2,286
2BR Premium +Study71764$1.75M$2,290
3BR86926$2.07M$2,236
3BR Premium991,066$2.35M$2,205
3BR Premium +Study1081,163$2.56M$2,202
4BR1241,335$2.85M$2,135
4BR Premium1391,496$3.26M$2,179
5BR1561,679$3.78M$2,251

These were the starting prices for Aurelle of Tampines EC: 

UnitTypeArea (sqft)Starting FromPSF
3BRC1840$1,417,000$1,687 psf
4BR CompactD11,023$1,689,000$1,651 psf
5BRE11,356$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. 


Example : The Brownstone 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.  

  • Brownstone EC 
  • Location : Near Canberra MRT 
  • TOP : 30 Oct 2017
  • MOP Met on : 29 Oct 2022 

Across the unit types from 2BR, 3BR to 4BR, profits were in the range of $300k+ to $800k+.

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