Singapore EC sales worth at least S$2M hit record highs in March

There were 162 executive condominiums sold at this price or higher.

A record number of new executive condominiums (ECs) were transacted for at least S$2 million last month, despite a slowdown in the overall new home sales, said OrangeTee in a report.

According to data from the Urban Redevelopment Authority (URA), new home sales, excluding ECs, dipped to 729 units in March 2025, marking a 54.4 per cent drop from the 1,597 units sold in February.

Including ECs, new home sales decreased slightly by 7.1 per cent from 1,626 units in February to 1,510 units in March 2025. Conversely, compared to March 2024, new home sales (excluding ECs) rose marginally by 1.5 per cent from 718 units.

Here’s more from OrangeTee:

A record 162 new EC units were transacted for at least S$2 million in March 2025, surpassing the previous high of 33 units in August 2023. Out of 162 transactions, 148 were from Aurelle of Tampines, 12 at Lumina Grand, and the remaining two at Altura.

By per-square-foot pricing, a record 751 EC units were sold above S$1,500 psf. Among these transactions, 148 units were sold above S$1,800 psf in March 2025, which have surpassed the median price of resale non-landed private homes in the suburbs at S$1,533 psf in March 2025, and is close to the median price of resale non-landed private homes in the city fringe area, at S$1,891 psf.

The highest unit pricing reached S$1,879 psf for 926 sqft EC on the 14th floor which was sold for S$1.74 million.  The priciest new EC was a 1,356 sq ft unit at Aurelle of Tampines, which sold for S$2.48 million.