Updated: 12/30/2012 06:02

The most expensive Executive Condominium sold

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The last Executive Condominium, or EC, development launch for the year in Singapore ended on a high... at a record 2.05 million dollars!

It's the most expensive EC unit sold, to date.

The size of the penthouse is about 4,350 square feet - and can house up to four families under one roof.

Mediacorp understands the buyers of the unit are a young couple, who sealed the deal about an hour after the launch.

The average price of other EC units in this project is about $770 per square foot.

Developers said there were 1,800 applications made for the 514 units.

And by 8pm, about 65 per cent of the units have been sold.