With the Additional Buyer's Stamp Duty (ABSD) hike in April 2023, dual-key units may become more attractive again. Dual-key units comprise a larger main unit and a smaller studio. But they're legally considered one unit as the main unit and the studio share a foyer and the same address. Such units may appeal to some buyers because they can 'get...
When we looked at the general price changes of these condos since they entered the market, we noticed that ECs have seen the highest price increases of at least 60 per cent.
This also explains the high capital appreciation within the last decade. As of this year, the average price psf for these ECs ranged from $1,129 psf for 1 Canberra to $1,255 for The Rainforest. What's even more intriguing is that the average prices psf of The Interlace and Coco Palms have been in the similar range since 2016, despite The Interlace being located in Bukit Merah and Coco Palms in Pasir Ris.
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