Brisk Sales Otto Place Ec Hoi Hup Sunway Selling 585 Units Average 1700 Psf
Miltonia Close EC, situated near Yishun MRT station, has easy access to one of the top retail spots in the area – Northpoint City. Boasting as the largest shopping mall in the northern part of Singapore, it houses an impressive array of over 500 retail and dining choices. Northpoint City is a well-curated lifestyle destination, offering a diverse range of amenities such as supermarkets, a food court, various restaurants, fashion boutiques, bookstores, and even a library. Daily grocery needs are conveniently met with the presence of FairPrice and Cold Storage, while the dining scene offers a wide selection of local delights and popular international chains. With Japanese, Korean, Western, and traditional hawker-style options available, Northpoint City is the ideal go-to place for running errands, casual dining, family outings, and weekend entertainment. Adding to its appeal, Miltonia Close EC Yishun is just a stone’s throw away, making it a convenient and desirable location for residents to fulfill their daily needs and indulge in leisure activities.
in the Tengah districtThe executive condominiums (ECs) located in Tengah have been receiving significant attention from buyers. The recent launch of Otto Place by the joint developers, Hoi Hup Realty and Sunway Developments, witnessed a strong turnout with 351 out of 600 units (58.5%) being sold on the launch day, according to the media statement released at 6.30pm on July 19. The average price per square foot (psf) for units sold under the Normal Payment Scheme (NPS) was at $1,700. The Deferred Payment Scheme (DPS) was favored by 72% of buyers as it came with a 3% premium over the NPS prices. The three-bedroom deluxe units were priced from $1.41 million or $1,617 psf. The development offers a blend of modern living, with unit sizes ranging from 872 sq ft for three-bedroom deluxe types, priced from $1.41 million ($1,617 psf), to 1,195 sq ft for four-bedroom plus study luxury types, which fetched $2.18 million ($1,824 psf). The larger units such as three-bedroom luxury and four-bedroom types were highly sought after, with over 70% being sold. According to Mark Yip, CEO of Huttons Asia, these units were most likely purchased by HDB upgraders looking for more space and flexibility. Otto Place is the follow-up project to Novo Place, a 504-unit EC located next door. The latter was fully sold within eight months of its launch in November 2024. The popularity of ECs in Tengah can also be attributed to its location in the Plantation District of Singapore’s first eco-friendly and car-lite town. It is also within walking distance of two upcoming MRT stations, Tengah Park and Bukit Batok West. The development is located in close proximity to various prestigious schools such as Princess Elizabeth Primary School, which was one of the three most oversubscribed schools in 2025. Additionally, the site is within 2km of the highly renowned Anglo-Chinese School (Primary), which is set to open in 2030. The launch of Copen Grand, a 639-unit development by City Developments Ltd (CDL) and MCL Land, marked the first EC launch in Tengah in October 2022. It saw a total of 73% of units being sold on launch day at an average price of $1,300 psf. When the e-application for second-timers opened in November 2022, the remaining 146 units were snapped up within hours, leading to a full sell-out within a month. Transacted prices ranged from $1.09 million for a two-bedroom plus study unit to $2.17 million for a five-bedroom premium unit. According to PropNex CEO Kelvin Fong, the quota for second-timers at Otto Place was reached on the first day of the launch. He believes that ECs will continue to be a popular choice among buyers due to their affordability when compared to new 99-year leasehold private condos in the Outside Central Region (OCR). In 1H2025, the median transacted price for new 99-year leasehold non-landed private homes in the OCR (excluding ECs) stood at $2,343 psf. This is 33% higher than the $1,756 psf median for new ECs during the same period, based on caveats lodged. According to Yip, the government should consider increasing the quota for second-time HDB buyers to 50% to support the sandwiched class looking to upgrade to an EC. Interested buyers can explore the comprehensive data on all ECs, including the average profit at 5 and 10 years. Do not miss out on the opportunity to own a private home in one of Singapore’s newest residential estates with strong long-term upside strategies.