Construction cost of executive condos 20% cheaper than private homes

Today’s EC discount is $150‐$200psf, or $100‐$150psf.

According to square Foot Research, executive Condominiums (ECs), widely considered to be private properties at a discount, are not exactly the same as private properties if construction cost is anything to go by.

The average construction cost for an EC is about 20% lower compared to that of a private property, based on contracts announced by listed construction companies.

The average cost in building an executive condo is $209 psf while that of a private home is $256 psf.

"Therefore, a part of the EC discount compensates for the difference in the quality of the product compared to a private property. The remaining part of the discount compensates for the expected holding period and restricted resale market from the fifth to tenth year after completion. The expected holding period is significant and can be as long as 9 years, assuming a 4‐year construction period and theimposed 5‐year Minimum Occupation Period (MOP)," it said.

"Recent launches suggest that today’s EC discount is $150‐$200psf, or $100‐$150psf if one takes into account a construction cost difference of about $50psf," it added.

The people you want to reach are already in this room.

Every quarter, SBR lands on the desks of the founders, CFOs, and directors running Asia's most consequential companies. Every day, they open our newsletter and read our website. It's a room that took twenty years to build — and it's the one most of our partners are trying to get into.

The good news is that the door is open. We work with companies on thought leadership articles, sponsored content, industry summits across Southeast Asia, regional awards programmes, podcasts, and media placements in print and digital. The shape of the right partnership depends on what you're trying to do, which is why we'd rather start with a conversation than send a rate card.

If you have something this room should know about, tell us. We'll tell you honestly whether we can help, and how.

No rate cards until we understand the brief. It's a better use of everyone's time.

Book a meeting

| Or download the media kit (PDF)

240,000 senior readers quarterly in print Top 1,700 Singapore companies reached

7 markets across Southeast Asia