These transactions underscore a broader trend of rising property values. With rising property prices, large ECs nearing their 10-year mark — the year an EC is privatised — are increasingly changing hands at prices comparable to those of private condominiums. Once ECs are privatised, they can be resold to foreigners, further widening the buyer pool.
Multi-million-dollar executive condominium (EC) resale prices are no longer confined to rare penthouses. In March 2025, a five-bedroom unit at Hundred Palms Residences in District 19 became the third EC to cross the $3 million-mark, changing hands for $3.06 million. This followed two earlier deals above $3 million at Citylife @ Tampines — a penthouse resold for $3.28 million in October 2021 and a five-bedroom unit resold for $3.09 million in January 2025.
More recently, a 2,465 sq ft five-bedroom duplex penthouse at The Tampines Trilliant — the eighth EC to cross the $3 million mark — was resold for $3.5 million, or $1,420 psf, six years after the project achieved its Minimum Occupation Period (MOP).
