High Profit Margin for EC Owners

profit-margin-of-past-ec-owners
Source: Straits Times

The above article is an extract from the Straits Times which shows the profit margin that EC owners had gained overtime.

Purchasers of executive condominiums are usually able to secure a unit at approximately 15-25% lower than a private condominium. This makes buying an EC a worthwhile purchase because an EC will turn into a full privatised condominium after 10 years of occupation.

By then, prices typically appreciate as they are of the same status as a private condominium.

First timers also enjoy a CPF Housing Grant depending on their household income ceiling, which further lowers the purchase price.

Buyers are to check their eligibility before committing to a purchase or seek assistance from professionals.

As nearby private condominiums are being transacted at higher PSF, it gives owners of The Criterion a lot of room for potential capital appreciation.

 

 

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