EC is an attractive option as they offer the same amenities as private condominiums, but they are usually about 20 percent cheaper. ECs could also prove to be the better investment choice as compared to private condominiums as they are usually sold for around the same price as private apartments on the resale market.
According to Urban Redevelopment Authority (URA) data, the number of EC units sold by developers went up from 492 in March 2016, to 572 in March 2017 i.e.indicating a 16.2% increase. The demand for private housing, especially ECs has increased steadily, partly because of the current low-interest rate climate and rising income growth in Singapore. To cater to the demand, more new ECs have been launched in recent years. ECs tends to be priced 20 to 30 percent lower than a comparable private condo and, hence, would be the most economical option for the middle-income young families,” said Tricia Song, Colliers International’s Research Head for Singapore.
Rivercove Residences EC is one of the Executive Condominiums that is being created in Singapore. Whether you have a desire to own an executive condominium where you can live a luxurious life or you just want to buy a small apartment, The Rivercove Residences Executive Condominium is an ideal choice for anyone who wants a property that is simply great, loaded with all the basic amenities of your requirement and entertainment. Being economical is not the only advantage of an EC, but the facilities it brings along adds to its list of benefits!
Most exciting and impressive things about Rivercove EC is that it is spacious, rigged with interesting features and economical as well. Rivercove residences ECs has swimming pools, playground, clubhouse and lots of other facilities that turn them desirable and a worthy investment option!
Own a finely furnished executive condominium in Singapore and relax in a luxurious environment, own an EC as they are equally furnished, luxurious and budget friendly too. Own Rivercove EC!