According to data received from the Urban Redevelopment Authority, it was noted that the vacancy rate for the EC market was on the rise again for 2015’s 1st Quarter, rising to 15.1% from 11.5% in 2014’s 4th Quarter.

There are currently 2, 446 vacant executive condominium units that are on the market. These units are the ones that have been completed but either not yet sold or, which have been purchased but so far have not been occupied by their owners for Thomson Impressions, who may be needing more time to move into their units.

Thomson Impressions Units

In most cases these Executive Condos draw in HDB homeowners who are wanting to Holland Drive Condo upgrade their homes, accounting for close to 50% of those individuals buying EC’s . The Housing and Development Board’s regulations give those who are upgrading 6 months to sell the Nanshan Group flat they are …