New Executive Condominium projects start out as first being sold to Developers under the Government Land Sales (GLS) Programme.
Each land plot will attract a number of Developers, and typically the land plot is awarded to the highest bidder.
The land cost is arguably the most important factor in determining the pricing of the EC project.
In the following content, we share some data on past land cost and corresponding launch day prices.
| EC Project | Land Cost ($) | Ave Launch Day PSF ($) | |
|---|---|---|---|
| North Gaia | North Gaia | 576 | 1301 |
| Copen Grand | Copen Grand | 603 | 1300 |
| Tenet | Tenet | 659 | 1360 |
| Altura | Altura | 662 | 1433 |
| Lumina Grand | Lumina Grand | 626 | 1464 |
| Novo Place | Novo Place | 703 | 1654 |
| Aurelle of Tampines | Aurelle of Tampines | 721 | 1766 |
| Otto Place | Otto Place | 701 | |
| Jalan Loyang Besar EC | Jalan Loyang Besar EC | 728 | |
| Tampines St 95 EC | Tampines St 95 EC | 768 | |
| Woodlands Dr 17 EC | Woodlands Dr 17 EC | ||
| Senja Close EC | Senja Close EC | ||
| Sembawang Road EC | Sembawang Road 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 |
| Unit Type | Unit Size | Starting Price | Starting PSF |
|---|---|---|---|
| 3BR | 872 sqft | $1.298m | $1,488 |
| 3BR + Study | 883 sqft | $1.348m | $1,526 |
| 3BR + Study | 947 sqft | $1.463m | $1,544 |
| 4BR | 1012 sqft | $1.581m | $1,562 |
| 4BR + Study | 1163 sqft | $1.779m | $1,529 |