When The Esparis was launched in 2002, it was about six years after the executive condominium (EC) scheme was introduced and this housing concept was still relatively new to homeowners back then.
At the time, ECs were seen as a form of ‘sandwich’ housing to bridge the gap between HDB flats and private residential developments. Over time, it was the exceptional performance of these initial batch of ECs that tilted public opinion and resulted in their perceived as more investment-leaning housing assets.
For The Esparis, a 274-unit EC at Pasir Ris Drive 4, the initial buyer expectations centred it as a development for owner-occupiers. The size of its three- and four-bedroom units would be considered large compared to the unit sizes in new condos.
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