Last Updated at 1 October 2022
Hello there! Singapore has just celebrated her 57th National Day on 9 August 2022. All residents are more or less used to the pandemic that happened in 2019 – to date. Perhaps you’ve been monitoring the property market, with so many Cooling Measures and yet prices are soaring. So, are you thinking of your options – HDB BTO / HDB resale flats / Private Condominiums / New Launches / Executive Condominium (EC)?
Are you upgrading or right-sizing from your current home? Is buying a new EC going to be the new chapter of your life? So many questions on bank loan eligibility, EC criteria, locations and commitments. Not sure if you are ready for investment? Give me a call Irene Tan at 98469648 for enquires. I will be glad to assist!
THE BEST KEPT SECRET IS OUT!
Why are many people eyeing on ECs?
– Low price entry as compare to private condo new launch.
– Desired by many, owned by few
– No ABSD of 17% if you are still holding your HDB flat currently
– Getting up to $30,000 of Cpf grant for those eligible
– Housing loan of up to 75% even if you are still holding your HDB flat currently
– Choice of Normal Progressive Payment Scheme (NPS) or Deferred Payment Scheme (DPS)
– Built-in potential growth. Capital appreciation when selling after MOP
Here’s a list of interesting reads:
- What is an EC?
- Why EC?
- Can I afford an EC?
- Resale Levy
- First Timer or Second Timer?
- EC Payment Schedule
Upcoming EC Launches in 2022 (Follow Closely e-Application Dates) :
Copen Grand @ Tengah Walk – Launching in October 2022
TENET @ Tampines Street 62 – Launching in November 2022
EC Launches that are been sold awaiting for TOP :
Piermont Grand @ Sumang Walk (Punggol) – estimated TOP Q4 2023
Parc Canberra @ Canberra Link (Sembawang) – estimated TOP Q4 2023
Ola @ Anchorvale Crescent (Sengkang) – estimated TOP Q4 2024
Parc Central Residences @ Tampines Ave 10 – estimated TOP Q3 2023
Provence Residence @ Canberra Link (Sembawang) – estimated TOP Q3 2024
Parc Greenwich @ Fernvale Lane (Sengkang) – estimated TOP Q4 2024
North Gaia @ Yishun Ave 9 – estimated TOP Q1 2025
Note: In this pandemic era, all EC applicants and those who have successfully secured your EC units should refer to the latest details from their developers and/or authorised parties eg. law firm for accurate timeline of the project development. Thank you!