Plan to Increase Supply of Executive Condominiums in Next Five Years

Mr Gan Thiam Poh asked the Minister for National Development whether there is a plan to increase the supply of executive condominiums in the next five years on confirmed list of land sales and what is the projected number of such units for each year.

Mr Lawrence Wong: In planning for the supply of Executive Condominiums (EC), the Government takes into consideration many factors, such as the existing unsold stock of ECs, take-up rate of new EC units, and prevailing market sentiments. These factors fluctuate from year to year. Hence, the Government monitors the EC market closely and calibrates the supply of ECs accordingly.

For the first half of 2018, there are three EC sites in the Government Land Sales Programme, which could yield a total of about 1,700 units. One of the sites is on the Confirmed List. The other two sites are on the Reserve List and could be triggered for sale if there is strong demand from developers.