Executive Condominium (EC) are sensibly priced with particular impediments to attract the HDB upgrader and first timer buyers with middle class salary, who wish to claim a private condominium after 10 years and appreciate full condominium facilities, yet restriction in financial.
For the most part ECs unit size is greater than that of private condominium. Home buyer may get the chance to appreciate the roomy living home, extending family tree comfortably. Singapore citizen can likewise appreciate allow up to $30,000 subjected to their income ceiling.
There is a limitation of Minimum Occupation Period (MOP) 5 years before they can sell to the Singapore Citizen (SC) and Permanent Residents (PR). For ECs to be completely privatized, must be 10 years. While EC can be benefit making depends especially on purchase price. With the shortage of ECs land, costs of ECs will acknowledge and “pick up” with those of private condominiums after the five-and 10-year MOP.
While at the same time everything have its advantage and disadvantage. ECs unable to do for investors what private condos can.
At the point when comes to create prompt rental yield upon key collection.
Majority of the ECs are located at North, North East , West and East.
Some examples of North side projects are the Forestville, Bellewoods, Bellewaters, Twin Fountains, Northwave at Woodlands, Sky Park Residences, Parc Life EC, The Visionaire , The Brownstone at Sembawang, Signature at Yishun, The Criterion at Yishun and lilydale. The Nouvo at Yio Chu Kang.
North East projects include Twin Waterfalls, Esparina Residences, Waterwoods, The Terrace at Punggol, The Amore, Ecopolitian , Lush Acres, Treasure Crest, The Vales at Sengkang.
East side project include Sea Horizon (fully sold)
West side projects include Lake Life, Westwood Residences, Wandervale and Sol Acres at Choa Chu Kang.
Sign up our news letter today to be informed for upcoming ECs launches at Yio Chu Kang Road, Anchorvale Lane and Sumang Walk.
Kindly contact us to find out more about your eligibility to buy an executive condominium today!
Source: http://www.straitstimes.com/business/invest/investors-see-opportunity-in-ec-market
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