Executive Condo in Singapore

1. My first see to the Lake District during my stay in the UK was a memorable one. I remember sipping a cup of coffee in my little home that neglected the lake and being enthralled by the rustic appeals of nature that spread out before my really eyes. What followed next was a tinge of despondency, for the lavish greeneries and waters were Piermont Grand EC something that I could not get in my beloved home nation, Singapore. Now, fast-forward 5 years, and you might envision my excitement when the Singapore government revealed the rejuvenation of Punggol as the Waterfront Town of the 21st Century Punggol as the Waterfront Town of the 21st Century. Historically a fishing village and a drowsy estate in current decades, Punggol is currently taking pleasure in an extreme transformation into an interesting waterside town. At the heart of its development is a 4.2 km long waterway that embodies three crucial design components: Green, Water, and People. This outstanding stretch of waterway consists of a large range of facilities and activities - from recreational to academic - all linked together by the natural landscape of waters and rich greeneries. It is no surprise why Prime Minister Lee Hsien Loong described the waterway as a "green lung in the middle of our tight city". Make no mistake, Punggol is not all practically undulating blue waters and landscaped hills. By 2015, there will be a brand-new business hub and town plaza located right at the MRT station, and the town is poised to be as big as Ang Mo Kio (an exceptionally popular fully grown estate in Singapore). I highly believe that these stand reasons to make an early financial investment in Punggol while the chance is still there. The Tempt of Executive Condos I hear you ask - is the chance to invest still there? Yes, and it lies in the Executive Condominiums, fondly described as 'ECs'. ECs are part of public housing in Singapore however completely established and offered by private designers. This is a federal government initiative that accommodates homebuyers who are ineligible for the less expensive HDB flats but can not pay for costs of personal property. As a result, ECs are always provided at a much lower quantum (typically priced 20-25% lower) as compared to a private condominium with comparable centers, hence making the previous much more inexpensive. In addition, interested EC first time buyers who are eligible for the federal government real estate grants (CPF grant) can delight in a subsidy of as much as SGD $30,000. This depends on the combined month-to-month income of the buyers. There is likewise no resale levy for 2nd-time purchasers. To understand more about the eligibility, please describe the Real estate Advancement Board's EC Eligibility. The most important consideration for investing in ECs would be its strong capacity for capital gratitude. By doing pattern analysis, the values of ECs have risen substantially throughout the years considering that its introduction into the housing market. Park Green, launched on Apr 03 at $324 psf is now fetching $746 psf, a good-looking financial investment for numerous. Bishan Loft, introduced in 2001 at $421 psf, can now fetch above $1000 psf. This translates to more than a 100% capital appreciation.

2. After 10 years of ownership, the EC will be privatized and might be offered to immigrants. The ability to sell to a large market essentially suggests that there is a bigger market of prospective purchasers to sell the EC to. ECs in the Punggol Area Luckily for the lots of who have an interest in investing in Punggol, there are a few upcoming EC launches in the next couple of months. Found at the heart of Punggol is Waterbay EC. The expected launch date is on Oct 12. Other excellent financial investment opportunities in the location include Heron Bay EC and Fernvale EC. Now, fast-forward another 5 years, when I am drinking my cup of coffee in the apartment or condo that neglects the natural landscape and blue waters, it will not remain in the UK, however in my precious house, Singapore. In addition, interested EC 1st time buyers who are qualified for the government real estate grants (CPF grant) can take pleasure in an aid of up to SGD $30,000. Found at the heart of Punggol is Waterbay EC. Other great financial investment opportunities in the area consist of Heron Bay EC and Fernvale EC. Punggol EC is a hot issue in town!