Executive Condominiums (ECs), widely considered to be private properties at a discount, are not exactly the same as private properties if construction cost is anything to go by. In this issue, we look at various aspects of the hybrid segment that have never been looked at.
Private residential property owners pocketed at least $20.3b in gross profits since the property market recovered in 2H2009, based on caveats lodged. The actual figure is likely to be higher as we could only match 80% of the caveats in the secondary market and we did not include gains from collective sales, which had a total estimated sales value of over $5.5b in the same period, from 2H2009 to 1H2012. Much of these profits presumably found their way back to the property market, fueling developer sales to more than $60.1b in the same period, based on caveats lodged.