The shortage of EC (Executive Condominium) supply in Singapore

For the first time since 2013, the government has increased the supply of residential land for the second half of this year on the basis of its six-monthly sales plan. Some analysts believe that this is due to increased demand from developers, leading to lower demand for unsold homes. The number and recent transaction volume has increased.

At the end of April, there were 4,010 unsold EC units. Assuming that the Sumang Walk EC site (on the reservation list) is not activated, the developers' 15-month waiting period remains unchanged and the gradual reduction in land supply in the EC may lead to the European Commission's 2017 and the first Half-year 2018 was introduced.

OrangeTee pointed out that, unlike the previous GLS program, there is no condominium (EC) implementation site on the confirmation list. This is the first time since the second half of the 2009 GL S program.

The absence of an EC website in the confirmation list points to market concerns about the number of unsold EC units, "said OrangeTee's Celine Chan and Wong Xian Yang in a report.