Bishan Loft (pictured) is the only executive condominium (EC) project to break the S$1,000 psf price mark this year, according to Square Foot Research.
Units in the development saw an average selling price of S$1,005 psf while the highest transacted price was S$1,129 psf for a 1,173 sq ft unit.
Square Foot added that new EC units are going at an average price of S$730 psf.
However, Arc at Tampines and The Tampines Trilliant are the only two projects that achieved a selling price of more than S$850 psf. In fact, a high-floor unit at Arc at Tampines was sold for S$941 psf.
Meanwhile, resale ECs have an average selling price of S$710 psf.
Related Stories:
Bright Hill Drive site attracts top bid of S$291.5m
Fewer Chinese buying Singapore homes
Consortium wins S$285m bid for Tanah Merah Kechil Road site