Record-Breaking EC Profit: What Hundred Palms’ $1.738M Sale Reveals About Today’s Market

Authored by Raymond Tiah

The EC Market Just Hit a New Milestone

A five-bedder at Hundred Palms Residences recently changed hands for $3.059 million, netting the seller an eye-catching $1.738 million profit, the highest-ever recorded at this executive condo (EC).

It also marked the first transaction at this project to cross $2,000 psf.

Naturally, many are asking: Is this a one-off, or a sign of things to come?

Let’s break it down.

Prices Are Climbing, But So Are Expectations

Hundred Palms isn’t new. It TOP-ed in 2019, and only recently met its 5-year Minimum Occupation Period (MOP).

Despite its lack of MRT within 1km, buyers were still willing to pay:

• 4.8% above valuation

• 12% above the project average

• 30% above the district average

Why? This EC is in District 19, a mature and desirable area. Plus, with just one EC in the area, supply is severely limited.

Out of 38 profitable resales at Hundred Palms, 9 earned over $1M. The record unit was bought for $1.321M in 2017, and doubled in value.

Is It Still Worth Considering?

Yes, but only for the right buyer.

Despite its drawbacks (e.g. MRT access, modest rental yield), this 5-bedder ticks several boxes:
✅ Rare layout for multi-gen families
✅ Long lease tenure (90 years remaining)
✅ Zero competition from new ECs nearby

With resale eligibility now open, demand may continue to outpace supply, especially for larger, family-ready units.

Final Thoughts: Smart Planning Beats Timing

This case shows the power of planning ahead, not luck. Buyers who entered early made life-changing gains, and those with the right guidance can still uncover opportunities today.

📩 Want to assess your own EC's potential? Or plan your upgrade smartly?

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