When Sol Acres launched in 2015, the 1,327-unit executive condominium (EC) on Choa Chu Kang Grove was one of the most unique EC developments that the market had seen up to that point. Two features of the development caught the eye of market analysts and hopeful EC buyers back then.
First, Sol Acres was the first EC in Singapore to offer one-bedroom units. The inclusion of these relatively compact units, for better or otherwise, was perceived by many people that the EC scheme had expanded beyond its original framework of family housing.
Next, Sol Acres was the largest EC development – in terms of the number of units – that had been introduced at that point, and it still claims that title to this day. The entry of this mega-sized development was overshadowed by concerns of an oversupply situation brewing in the EC market back then.
Some observers thought that it was a remarkably bold move for the developer, MCL Land, to launch a project of that size given the market sentiment at the time.
In our Stacked Pro article this week, we’ll take a deep dive into the price and capital performance of Sol Acres, to examine if its unique positioning and bold approach by the developer paid off. We’ll also consider if average resale prices at the development are still on an upward trajectory, or if the condo presents a value buy in the resale market in Choa Chu Kang.
A quick snapshot of Sol Acres and its pricing
0 Comments