When Otto Place EC was first launched in July 2025, the development saw an impressive response, with 351 out of its 600 units taken up on launch day. That meant nearly 59% of the project was spoken for right away. Yesterday, sales booking opened to second-timer buyers. By the end of 19 August, about 166 units were snapped up, bringing the total sales to 547 units. This translates into a strong overall take-up rate of 91%, showing how much demand is flowing into Tengah EC projects.
It’s worth noting that the 30% quota for second-timers had already been reached during the launch weekend, so this new round of sales was always expected to draw in keen interest.
Table of contents
- Pricing trends
- Who’s buying and what are they looking for?
- Why location matters
- What the industry is saying
- Looking ahead at future EC supply
Pricing trends
The unit mix at Otto Place EC was clearly designed with families and HDB upgraders in mind. For instance, the 3-bedroom deluxe units started from about S$1.41 million, making them attractive to young families looking to upgrade from their first HDB flat. On the other hand, the larger 4-bedroom plus study units were priced at around S$2.18 million, targeting households who wanted extra space for children, extended family, or even a home office.
Based on caveats lodged up to 10 August, the average unit price at Otto Place EC came in at about S$1,750 per square foot (psf). When you compare this to other executive condominium sales in 2024, the pricing falls comfortably within the expected range.
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Who’s buying and what are they looking for?
For many of you considering an upgrade, space is often the deciding factor. According to PropNex CEO Kelvin Fong, second-timer EC buyers in Singapore usually come with larger families, and that means bigger homes are in demand. This trend showed clearly at Otto Place EC, where all 4-bedroom units were fully sold. It’s easy to see why since larger layouts offer flexibility, comfort, and future-proofing for family needs.
Why location matters
Situated at Plantation Close in Tengah, the development sits in one of Singapore’s newest housing towns, which is being carefully planned with smart and sustainable features. This gives you the benefit of moving into an estate that is set to grow with better facilities and infrastructure over time.
Transport links will also play a big role here. Otto Place EC is close to the upcoming Tengah Park and Bukit Batok West MRT stations along the Jurong Region Line, which is scheduled to be ready by 2029. Once operational, you’ll enjoy greater connectivity to the rest of Singapore, cutting down on travel time while improving accessibility to major hubs. For those who work or study outside the West, this future MRT line will be a major plus.
At the same time, you’ll find Otto Place EC well-connected to established neighbouring estates like Jurong East and Bukit Batok. These areas already provide a mature range of amenities such as shopping centres, healthcare facilities, and recreational spots. More importantly, they also serve as a pool of HDB upgraders, which supports resale demand in the future if you decide to move on.
Families, in particular, will see the value in its proximity to schools located around Tengah and Bukit Batok. Being close to educational institutions makes day-to-day routines easier and is often a key consideration when planning for the long term.
For working professionals, another strong pull is Otto Place EC’s accessibility to the Jurong Lake District (JLD). This district has been earmarked as the largest mixed-use business hub outside the city centre, and it is already shaping up to attract major companies, offices, and lifestyle offerings. Living near JLD not only reduces commute times for many but also provides more job opportunities and lifestyle conveniences right at your doorstep.
Read more: Otto Place EC: Nature-inspired living in Singapore’s first smart forest town
What the industry is saying
Mark Yip, CEO of Huttons Asia, pointed out that Otto Place EC’s strong sales were closely tied to the lack of new executive condominiums in the West. With no fresh EC launches expected in this part of Singapore until Senja Close EC in 2027, many buyers saw Otto Place as their last real chance to secure a home in the region for some time. For second-timers especially, the project came at the right moment. Many were keen to upgrade, and with the limited pipeline, Otto Place quickly became an attractive option.
Kelvin Fong, CEO of PropNex, shared that the momentum did not come as a surprise. Since the second-timer quota of 30% was fully met on launch weekend, it was natural to see strong demand once balloting reopened to this group. He explained that several factors worked together to drive sales. First, Otto Place EC enjoys a good location with access to transport, schools, and the growing Jurong Lake District. Next, the pool of unsold ECs in the market is already very small – fewer than 60 units are left islandwide – so many families saw the urgency in acting quickly.
Fong also reminded buyers that ECs continue to be one of the most accessible routes into private homeownership. For many households, ECs strike the right balance by offering condo-style living at more manageable prices compared to private condominiums. Lastly, rising GLS land costs have made buyers more aware that future projects are likely to be priced higher. Instead of waiting and risking higher prices down the road, many chose to secure their homes at Otto Place now.
Looking ahead at future EC supply
According to Fong, the next executive condominium launch will only take place in 2026 at Jalan Loyang Besar EC. The site was acquired at about S$729 psf per plot ratio (ppr) during the August 2024 tender, setting a new benchmark for the area. On top of that, another EC site at Woodlands Drive 17 achieved a record land rate of S$782 psf ppr, which signals that developers are already factoring in higher prices for upcoming projects.
When you also consider today’s high construction costs and the new rules on the harmonisation of gross floor area (GFA) definitions, it becomes clear that EC launch prices are unlikely to fall. In fact, most industry watchers expect them to remain steady or climb further in the years ahead. This means that the next batch of EC buyers could be looking at higher entry prices compared to what you’re seeing now at Otto Place EC.
For you as a buyer, this matters because ECs are already in very short supply. With fewer than 60 unsold EC units left across Singapore, new launches will continue to be absorbed quickly. The strong showing at the Otto Place EC second-timer balloting is proof of how fast demand can soak up supply when choices are limited. It also reflects how families are becoming more decisive, choosing to secure their homes now rather than wait for the uncertain future.
Altogether, the outlook suggests that Otto Place EC’s success is not just about its own merits, but also about wider market trends. With long gaps between launches, firm land prices, and steady demand from upgraders, ECs in the West and beyond are likely to remain highly sought-after well into the future.
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