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How is it that unlike BTO, new launch ECs are priced higher than their resale counterparts?
Can anyone help me to understand how the recent EC launches have been $1,300+psf while their resale counterparts are going at less than that?
Contrasting this with BTO and their resale counterparts, where the BTO is certainly priced at a deep discount.
As both are schemes run by HDB, one would expect a new launch EC to be subsidized too, perhaps less heavily. Is there something that I am missing here?
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Could you be comparing apple to orange?
location, amenities, convenience plays a part in the pricing of the EC
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Javier Tan Yan Kai
10 Jan 2023
Actuarial Analyst at AIA
Bto is intentionally kept at a depressed price while other houses u are paying a premium for new stuff
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Price of land has been rising, these costs will pass on to buyers
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Man of the Hour
10 Jan 2023
Man at Man of the Hour
Any resale condo that is below 1.3k psf now is probably in a really bird no lay egg location, or the...
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Generally there are more BTOs than ECs if not wrong. And then BTOs are the main focus for affordable housing and not ECs. Plus ECs can become condos next time.
Those are probably the base line.