Kaeden Ong

779 EC units unsold: MND

Posted by Kaeden Ong on 23rd July 2014 in Blog

As of end May 2014, 779 executive condominium (EC) units had been launched and remained unsold.

The Ministry of National Development (MND) revealed this following a written query at yesterday’s parliament session.

In the next 18 months, about 6,800 EC units are expected to be launched.

The HDB website lists 18 EC projects available throughout the country currently, out of the total of 29 ECs listed.

In April, National Development Minister Khaw Boon Wan said in a blog post more than 11,000 Singaporean families purchased ECs from Q4 2010 to the same period last year.

ECs were introduced to help Singaporeans acquire condos at very affordable prices.

Credits: Property Guru

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