![]() Short holding period = high annualised gain? It also aligns with the finding in the recent Huttons report, that buying a new launch EC will lead to a higher capital gain than a resale EC. The owners had sold it after a holding period of seven years. This includes the EC sale from Skypark Residences (TOP in 2016), which scored the highest capital gain (by quantum) of S$830,000 in the month. This signals that the units were all bought during the launch. On top of that, they TOP-ed between 20, meaning the owners had completed their MOP in the last two years. More specifically, we noticed that two-thirds of these transactions had a holding period between five and nine years. Here's a breakdown of the holding period of these transactions: These 51 transactions have an average holding period of around nine years. To find out the optimal holding period to maximise capital gain by quantum for ECs, we looked at the transactions with a capital gain above S$494,000 and found 51 such transactions. Resale ECs with a higher capital gain by quantum in June 2023 had an average holding period of nine years On top of that, we noticed a couple of interesting trends from last month's transactions. Bought in September 2016 for S$1,238,000, it was sold seven years later for S$2,068,000, translating to a capital gain of 67 per cent.Īs the project TOP-ed in 2016, the unit was sold by the first owners, who had completed their five-year Minimum Occupation Period (MOP). ![]() The highest gain for the month was S$830,000 from the sale of a 1,593 sqft unit at Skypark Residences. All the transactions had made capital gains, averaging around S$494,000. With that, we're examining the resale EC market these days by looking at the EC transactions on the secondary market in June 2023.Īll ECs resold in June 2023 made a capital gain average gain is S$494,000.Īccording to URA data captured as of 22 July 2023, 112 ECs were resold in June 2023. A recent report by Huttons found that buying a new EC would translate to a better capital gain than buying a resale EC. In particular, new ECs are more likely to experience higher price increases in future since they have lower starting prices (due to subsidies). A report by OrangeTee & Tie released last year found that nearly all ECs resold on the secondary market between 2007 and end-August 2022 made an average profit of S$300,000. Less talked about are executive condominiums, which are becoming more popular these days due to the lower quantum (especially new launch ECs) relative to condos.īut ECs shouldn't be overlooked since they have a high potential for capital gains. ![]() To learn more about members of The Hype House, scroll through the gallery below.When it comes to property investment and asset progression, most of the time, people would think of condos. Additionally, Hype House member Avani Gregg dates Sway member Anthony Reeves. As of July, the former flames appear to be back together. In fact, there has been plenty of, er, cross-contamination in recent months.Īddison and Sway member Bryce Hall dated in January before calling it quits in February. Even so, that doesn’t stop members from dating each other. This house is about creating something big, and you can’t do that if you’re going out on the weekends.”Īs it happens, The Sway House, often regarded as The Hype House’s biggest competition, has more of a reputation for partying. It’s not in line with anyone in this house’s brand. “If you want to party, there are hundreds of houses that throw parties in L.A. The former Team 10 member went on to explain that The Hype House is all about “productivity,” not having fun. ![]() ![]() The Best Social Media Influencers to Follow on Instagram Right Now ![]()
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