First owners of executive condominiums making average gains of $300k

• First owners of executive condominiums (ECs) in Singapore make higher average gross profits, with an average gain of S$322,220, compared to second owners with an average gain of S$261,948, according to Huttons Asia.
• Upon reaching the minimum occupation period (MOP) of five years, first owners consistently achieve average gross gains of over S$300,000 every year, with profits exceeding S$500,000 as the project approaches the 10-year mark.
• Second owners typically wait for at least four years to see an average gross profit of nearly S$300,000.
• The study analyzed 5,033 EC transactions for projects launched from 2010 and found that longer holding periods for first owners resulted in higher average gross profits.
• Average gross profits were observed to be highest when the EC is 10 years or older, possibly due to increased eligibility for foreign buyers.
• First owners tend to sell within one to two years after fulfilling the MOP, with average gross gains of S$317,731 to S$327,982.
• Buyers of resale EC units generally have smaller average gross gains compared to first owners.
• Huttons Asia suggests that new EC units are a superior option due to measured supply and the well-supported prices.
• Average prices of resale EC units rose 102.2% from 2008, while average prices of new EC units climbed 88.5% over the same period.

If you are considering purchasing an executive condominium (EC) in Singapore and want to make the most informed decision to maximize your gains, I am here to help. As a trusted real estate consultant, I can provide you with expert guidance and insights tailored to your specific needs. Contact me today for a personalized consultation and let's find the best EC that suits your requirements and investment goals. Together, we can navigate the EC market and secure your ideal property.