sengkang ecs market interest

Sengkang’s Resale-Ready ECs Gaining Attention Ahead of 2025 Market Shift

Sengkang's executive condominiums defy expectations as they outpace neighboring districts with staggering transaction volumes. Their surprising price advantage over private condos makes them irresistible. The resale landscape is about to transform.

A surge in market activity has positioned Sengkang as a significant hub for executive condominium (EC) resales in early 2025, with transaction volumes reaching an impressive 2,151 HDB resale units, dramatically outpacing neighboring Serangoon’s 446 units. This substantial liquidity differential underscores investor confidence in Sengkang’s resale-ready ECs, which have emerged as highly sought-after properties amid limited new Build-To-Order (BTO) launches in the area.

The scarcity of new housing supply has consequently driven demand toward existing executive flats that offer larger living spaces at more reasonable price points compared to private condominiums. Executive flats in Sengkang currently command prices ranging from S$900,000 to S$1,013,000, with an average price per square foot of S$659 for units proximate to Sengkang MRT station. These properties offer a clear pricing edge of 20-30% below comparable private condominiums in the area.

Significantly, while Sengkang has recorded only five million-dollar HDB resale transactions, compared to Serangoon’s 86, this disparity suggests considerable potential for price appreciation. This growth potential aligns with broader market projections of moderate growth of 3-5% for private properties in 2025. Valuation metrics increasingly factor in unit-specific characteristics such as facing direction, corner positioning, and interior condition when determining market value. The resale registration date can significantly influence buyer perceptions and property valuation in Sengkang’s competitive market.

The area’s supply dynamics have been shaped by previous EC developments including Ola (TOP 2023), Rivercove Residences (TOP 2020), and Parc Greenwich (expected TOP 2026), with many units now completing their Minimum Occupation Period (MOP) and becoming eligible for resale on the open market. This change coincides with an absence of significant BTO launches, further enhancing the bargaining leverage of existing EC owners.

Demographically, the predominant buyer profile consists of families seeking expanded living spaces without premium private property costs, alongside upgraders valuing the combination of affordability, size, and amenities.

Sengkang’s integrated transportation network, incorporating MRT, LRT, and bus services, reinforces the accessibility appeal of these properties, while proximity to educational institutions, retail centers, and healthcare facilities sustains demand despite the area’s non-central location. As ECs become fully privatized after their 5-year MOP, their entry into the open market extends their potential buyer pool considerably.

Singapore Real Estate News Team
Singapore Real Estate News Team
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