Parc Life
Media reports that have quotes some One Sophia consultants have shown that close to 5,000 EC units could possibly be launched for this year, all coming from up to 8 new projects. It is felt this will worsen the already existing condition of unsold inventory build up.
It is expected that these Executive Condo units will have a lukewarm take up, more so when the room to adjust prices lower are limited for property developers for sites that were already purchased at a higher figure for Parc Life Sembawang.
Parc Life Sembawang Singapore
While this is happening, there are 2,100 units from 12 Executive Condo project launches that are still unsold. Data from URA indicates that the rate of vacancy for these completed EC units that are available for purchase has risen to 15.1% during 2015’s 1st Quarter, a figure that is up from 11.5% from the previous quarter on …
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