Priced to sell
I believe buying an EC today provides potential capital upside. The neighbouring High Park Residences, located next to Thanggam LRT station, the 99-year leasehold condo was launched in last year, and units were sold at $1,000 psf. That is 35% higher than the estimated average of $740 psf that Treasure Crest EC along Anchorvale Crescent.
Five years after completion, when the EC project is open to the resale market, the price difference between an EC and private condo will generally disappear.
However, according to reliable info, the lowest price could be starting from $650k for 3 bedroom with 958sqft. This work out to be only $678 psf.