10 most profitable executive condos after privatization. What is your view?
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Buying an executive condo and leaving it empty for the first 5 years seems an inferior investment compared to buying a private condo and renting out. Despite the higher condo price tag, net holding costs are lower due to rental income. However, a study by property consultancy firm OrangeTee proves that in the longer term, the EC would prove to be a better investment. OrangeTee’s analyst Celine Chan explains that this is mainly due to the lower initial purchase price and the inflow of cash due to rental income (year 6 to year 10) as restrictions are lifted.