3 Main Reason Why EC is a good buy

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1. Infrastructure development and advancement strategies in the mid to long term

infrastructure development and advancement strategies in the mid to long term, such as brand-new MRT stations, shopping malls, tech parks, towns etc can make it much easier for you to offer your executive condominium at a better profit and protect your disadvantage risks. You might deal with stiff competitors from them for the very same purchaser base Whenever there is a supply of recently Approaching ones or leading condos. Keep an eye out for recently LEADING supply of condos in your area.

    2.Deferred Payment Plan (DPS)

Deferred Payment Plan (DPS) – buyers require only pay the 20 percent down payment of the purchase cost at the outset (this is the Reservation Cost and Exercise Fee that you’ve currently paid), while the staying 80 percent is paid as soon as the task is finished (about 3 years after). This usually exercises to a payment of about 5 – 10 percent of the purchase cost of the home every 6 months approximately. Go on to HDB’s website for a list of all upcoming and available executive condos. Unfortunately, you won’t have the option of an HDB loan if you’re getting an executive condominium, so you’ll need to secure a loan from a bank. Typical Prices and Rents of Executive Condominiums. However, this three-year wait out duration will not apply if you are purchasing any of the above houses with your parents or a brand-new spouse, or if you are purchasing a resale flat from the open market without the CPF Real Estate Grant. A resale flat purchased from open market under the CPF Housing Grant Plan. A DBSS flat/ EC bought directly from a personal developer.

     3. Rare

All house purchasers should be represented by a residential or commercial property representative to guide you on the treatment in respect of an EC purchase, and house buyers are needed to sign on hard copies of e-application generated at the showflat to register their interest. Need to not have actually sold a flat bought from HDB. However, the earnings ceiling for the CPF Real Estate Grant for ECs remain the same. On the launch date, it has actually been revealed that a balloting system will be used when allocating unit, it’s advisable for residential or commercial property hunters both financiers and home-owners to familiarize themselves with the balloting system. The outside and interior of the units are made of quality products and expert, knowledgeable designers so expect absolutely nothing short of class and splendor.
Entirely, 136 new Executive Condominiums were offered in Might, much less than the 596 sold in April when Rivercove Residences was introduced.” E-Application is an electronic submission to HDB to purchase of New Executive Condominium. See HDB’s site for a list of all upcoming and available executive condominiums. If both first-timer applicants are Singapore residents they are eligible to receive approximately $30,000 in CPF housing grant. Our Waterwoods Residences- Punggol Executive Condo is located in the heart of Punggol, where education institutes. Land for new development in Singapore is scarce. The new Enhanced CPF Real estate Grant (EHG) simplifies the existing Additional CPF Real estate Grant (AHG) and the Special CPF Real Estate Grant (SHG) of as much as $40,000 respectively. OLA EC holds a clear rates edge over condos, though it’s physically indistinguishable because of the similar facilities. Basically, it’s a subsidised personal condo. The future advancement could consist of approximately 695 systems and will have a maximum Gross Floor Area of 751,482 sq ft where is also a good rental option for students.