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Stock photo. Credits to Unsplash.
Chart of the day: Bigger ECs fetches bigger profits when resold
At least 1,600 sqft yielding an average gross profit of S$455,207 each.
This chart from OrangeTee shows the number of executive condominiums (ECs) sold at a profit and how the bigger the ECs are the higher the profits.
ALSO READ: 99.9% of ECs sold made a gross profit averaging around $300k
The chart shows at least 1,600 sqft yielding an average gross profit of $455,207 each. The chart also shows that ECs with sizes between 800 sqft 1,200 sqft. Average gross profits from this size is around $268,493.
ECs that are less than 500 sqft were resold for an average $147,500.
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