Interest from developers for this EC site is anticipated to be “moderately high”. “This is because the EC property market is expected to be less affected by the recent round of cooling measures,” Mak explains. “Practically all the buyers of the new EC units are either first-time homebuyers or HDB upgraders. Furthermore, buyers must adhere to the HDB regulations to form household units, and the large majority of the buyers are Singaporean households.” In his view, few EC buyers will be affected by the hike in additional buyer’s stamp duty (ABSD) for those buying their second, third or subsequent properties.
(Find HDB flats for rent or sale with our Singapore HDB directory)