EC at Yio Chu Kang and Anchorvale Crescent

In December last year and June this year, the government launched the Executive Condominium (EC) section at Yio Chu Kang Road and Anchorvale Crescent EC.

Although there are quite a few EC and condominium projects in Sengkang, Mai Junrong believes that since the government does not plan to launch a popular private residential area in the region in the second half of the year, it is expected that the location will attract many developers' interest.

He estimates that the lot can attract 5 to 10 squares, with the highest price being between 440 yuan and 490 yuan per square foot.

Li Naijia, head of the Southeast Asia region of the research department of Dai Yuxiang Industry Consulting Co., said that there may be more developers involved in the bidding, about eight parties, but based on the uncertain macroeconomic prospects, their price may be cautious, the highest price may only reach around $430 the floor area ratio per square feet.

He also pointed out that the commercial and residential complex area near Bidadari has not yet been launched. It is expected to be very popular when tenders are launched. Some developers may want to retain some "ammunition" in order to successfully win this popular location.