View Full Version : Does it makes sense to buy Mass mrt if you are now qualified to buy EC?
Please share your views, I am the affected lot. M waiting for market to crash with enough cash for Private. Now I can qualify for EC, should I change my target? Have been waiting eagerly to jump in for a freehold apartment, have always favour FH. EC is LH99, but compared to LH mass condo, it is v much cheaper. The only difference is to hold it for at least 10 years. It makes no diff to me since it will be for own stay, or rather long term investment. Good news for revised income ceiling, but at the same time, caught in a dilema:doh:
Well if MOP is not a factor and you are not planning to rent out but rather its for own stay, plus you can wait 3 years for the construction, then go for EC. Its quite obvious! Save the remaining cash and pamper yourself with a Europe tour or something! Now very cheap to go there! :D
propbull1628
15-08-11, 16:57
No need to hold for 10 yrs. MOP is 5 and some EC, time to TOP is 3.
EC offers price cushion from price falls but the thing is location as there are not that many to choose from. If you don't mind the location and the MOP, then the choice is obvious.
I am guessing there are a lot of people like you who will "migrate" to EC because of the $$ saved :)
No need to hold for 10 yrs. MOP is 5 and some EC, time to TOP is 3.
EC offers price cushion from price falls but the thing is location as there are not that many to choose from. If you don't mind the location and the MOP, then the choice is obvious.
I am guessing there are a lot of people like you who will "migrate" to EC because of the $$ saved :)
I think the developers would surely increase their EC prices.
As for mass market condo owners, i think they are pressured and prices will drop a little. My opinion is to find a good mass mkt condo (location wise) and squeeze or use scare tactic to get the owner to part at a lower price. If the price between ulu location EC against better location mass mkt condo is marginal or affordable (note: low interest rate), i would still buy mass mkt.
This comparison is only for LH99 mass mkt against EC.
Geylang OKT
15-08-11, 17:23
I think prices for both categories will drop steadily before the glut. After 2013, you can buy very much more cheaply :D
Assuming buying an EC or mass mkt and live for 10 years. After ten years, which has higher appreciation? Can the resale price be on par like the mass mkt nearby after 10 yrs? For eg, I bought EC 3 bedder at $650K, or mass mkt similar location at $900K, after 10 years, will both be selling at a similar resale price? Or will the EC status command a lower resale value?
kingkong1984
15-08-11, 18:31
I sense that you are quite affected by the new ceiling.
First, ask yourself, what is your primary purpose? Self Stay or Investment? It will become clearer.
Then as a first time buyer, what would you go for?
We can talk about second timer thereafter.
If it is for self stay, you will find the most desirable location according to your own requirements. Work location, childrenschool location, you and your partner's preference. Given that the choices are limited, you will zoom in at a District and a particular location or two. 1 Km or 2 Km rule to your future center of Universe (Primary School!)
Next comes the ability check.
Many at times, couples want the best located, biggest unit, best facing, design condo etc. But do they have enough money? This will lower and moderate their preferences and settle for something that could serve their needs. That is when the increased income ceiling will be helpful. Solve their problem between buying resale, buying new BTO or new Condo. They will have more choices now, in terms of location, flat types and prices.
If for investment... they should go for private directly, Buy 2, 3, 4 units etc and not be restrained by MOP. But second rule applies, ability check!
Then the most important question, as a first timer. Do you want to go slow and steady or fast and furious. It can turn both ways and u either make it or you dont. Given Singaporean mindset, most would go for subsidised housing which is BTO and EC. Only a few with the extra cash would go for PC. The most important question is about the BUC and MOP period. Let's say 3+5 = 8 years. You need to ask yourself would you be able to come up with 40% cash+cpf for your next purchase in 8 years time. If the answer is clearly no. Live and accept the MOP (Make One Purchase) as fate! Conservative figures is at $400k.
Therefore, past investors buying ahead of the curve to catch the $8k to $12k group will lose some of them, I say most of them as more and more of the subsidised housing come onboard. People buying ahead of the curve are on a curve down.. slow and steady and ahead of the pack in having a hard time to find buyers at a good price.
Discounts Discounts Discounts.... :D hurry hurry hurry...
Not meant as a advise, just some rant for free. Caveat venditor.
ymgsterling
15-08-11, 18:33
Assuming buying an EC or mass mkt and live for 10 years. After ten years, which has higher appreciation? Can the resale price be on par like the mass mkt nearby after 10 yrs? For eg, I bought EC 3 bedder at $650K, or mass mkt similar location at $900K, after 10 years, will both be selling at a similar resale price? Or will the EC status command a lower resale value?
Just to share my experience.
I owned an EC which is 12 years old, has fully privatised.
Its resale price is better than nearby similar aged mass market condo.
As I understand, it command a better price caused of better upkeep and its environment.
Credit has to be given to my team of council members.
kingkong1984
15-08-11, 18:45
Just to share my experience.
I owned an EC which is 12 years old, has fully privatised.
Its resale price is better than nearby similar aged mass market condo.
As I understand, it command a better price caused of better upkeep and its environment.
Credit has to be given to my team of council members.
Best performing EC. Bishan Loft.
See its performance versus Bishan 8.. EC Rocks!
see this outdated list but could be helpful too..
http://www.singaporerealestate.info/blog/2010/04/13/list-of-executive-condos-in-singapore/
http://www.asiaone.com/Business/News/Story/A1Story20110617-284633/2.html
Bishan Loft was launched in 2001 at an average price of $421 psf. Its average resale price in 2011 was $918 psf, a 118 per cent increase. Bishan 8, a nearby private condominium, saw only a 65 per cent increase in average resale prices from $643 psf in 2001 to $1,064 psf in 2011, well below Bishan Loft's appreciation.
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EC to see the returns
Executive condominiums outstrips private developments when it comes to price appreciation. -tabla!
Sat, Jun 18, 2011
tabla!
By Karamjit Singh
ALTHOUGH a small country, Singapore has a housing market that may seem somewhat complicated to newcomers.
Newly-arrived expatriates often wonder and enquire about the differences between new HDB flats, HDB resale flats, private residential properties (which include landed and non-landed varieties) and executive condominiums or ECs as they are commonly referred to.
Growing value of completed executive condominiums
Click on thumbnail to view View table (http://business.asiaone.com/Business/My%2BMoney/Property/Story/A1Story20110617-284633/4.html)Put simply, the different housing types are the outcome of housing policies to cater to different levels of affordability. ECs were introduced to the housing market in 1996 to cater to the "sandwich class" - those who could not qualify for public housing (HDB flats) nor afford private housing which is more expensive.
However there are eligibility requirements for new EC buyers. For example, only citizens can purchase a new EC; then too, provided their monthly household income is within the ceiling of $10,000.
Buyers of new ECs are subject to a minimum occupation period (MOP) of five years after which they are able to sell on the open market to citizens or permanent residents. If they want to sell to any buyer (including foreigners and companies), they have to complete MOP of 10 years.
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Growth of the EC resale market
Today, there are 23 EC developments with 10,430 completed units ranging in age from three to 12 years. Therefore many of the original owners who have fulfilled at least the five-year MOP are selling their ECs on the open market.
In 2010, there were 989 EC resale transactions (based on caveats lodged) or 9.5 per cent of the total existing EC stock. By comparison, resale transactions in the private residential market were 7.4 per cent of total private residential stock in 2010.
The strong new sale transaction numbers from 1996 to 2003 were due to the launch of numerous EC projects following the implementation of the EC scheme. New projects moderated after 2003 as the residential property market went through a sluggish period but it picked up last year thanks to the buoyant market.
The EC resale market started to pick up perceptibly in 2005 with 209 transactions and gained momentum (except in 2008 due to the downturn) till 2010 when 989 resales were recorded.
The gallery in this article lists the 23 existing EC developments here and provides an estimate of their capital appreciation from the year of launch to 2011. An analysis comparing ECs with similar private condominium projects in different locations and over different time frames throws up interesting findings.
Westmere, an EC in Jurong, was launched in 1996 at $400 psf. By 2011, its resale transactions averaged $707 psf - a price appreciation of 77 per cent. In its vicinity, private condominium Parc Oasis saw its average price of $666 psf in 1996 rise to $760 psf in 2011 - a 14 per cent increase, but well below what Westmere has achieved.
Growing value of completed executive condominiums
Click on thumbnail to view View table (http://business.asiaone.com/Business/My%2BMoney/Property/Story/A1Story20110617-284633/4.html)In Woodlands, Northoaks may be compared to Woodgrove Condominium, a private development. The former had an average price of $385 psf in 1998 which rose to $593 psf in 2011, an appreciation of 53 per cent. Over the same period, the latter's average price rose 27 per cent, from $464 psf in 1998 to $590 psf in 2011, less than that of Northoaks.
Bishan Loft was launched in 2001 at an average price of $421 psf. Its average resale price in 2011 was $918 psf, a 118 per cent increase. Bishan 8, a nearby private condominium, saw only a 65 per cent increase in average resale prices from $643 psf in 2001 to $1,064 psf in 2011, well below Bishan Loft's appreciation.
Over at Ang Mo Kio, Nuovo was launched in 2001 at an average price of $395 psf which rose to $746 psf in 2011, an 89 per cent increase. Castle Green, a private condominium next door, saw its average resale prices increase from $534 psf in 2001 to $729 psf in 2011, a 37 per cent increase but much below Nuovo's upside.
In Bukit Batok, The Dew came on the market in 2001 averaging $385 psf. In 2011, the average resale price was $728 psf or 89 per cent higher. Guilin View, a nearby private condominium, fetched an average of $529 psf in 2001 and $719 psf in 2011, a 36 per cent increase but underperforming The Dew.
By 2005 many of the earlier EC projects had fulfilled the five-year MOP, resulting in numerous units entering the resale market. In 2005, resale units in The Florida in Hougang averaged $338 psf, rising 96 per cent to $662 psf in 2011. Rio Vista, a private condominium next door, registered $433 psf as average resale price in 2005 and $719 psf in 2011, a 66 per cent increase but short of The Florida's gains.
In 2006, resale units in the Summerdale EC in Boon Lay averaged $305 psf, but climbed 93 per cent to $589 psf in 2011. Lakeholmz, a private condominium in the vicinity, saw its resale prices averaging $456 psf in 2006 and $722 psf in 2011, an appreciation of 58 per cent but below Summerdale's increase.
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More EC opportunities for buyers
The foregoing analysis has examined situations when ECs achieved attractive capital appreciation. This is mainly due to their significantly lower initial purchase price (typically around 20 per cent cheaper than private condominiums) and the increase in value when they can be sold on the open market after fulfilling the MOP.
The buoyant property market has prompted the Government to step up the supply of EC sites. Since 2010 to date, 10 EC sites have been sold by the Government, of which five have been launched for sale by their developers. These are Esparina Residences, The Canopy, Prive, Austville Residences and Belysa. The 10 sites can yield an estimated 5,035 EC units or 48 per cent of the total existing EC stock of 10,430 units.
The HDB income ceiling is currently under review and is expected to be revised upwards so that more first-timers can qualify for new HDB built-to-order (BTO) flats. As the policy of catering to the "sandwich class" is likely to continue, the income ceiling for EC flats is expected to be raised in tandem with that for BTO flats. This should bode well for the EC market, leading to sustained demand and growth of this particular housing segment.
[email protected]
Karamjit Singh is the managing director of Credo Real Estate.
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Go for it. Most of these ec are selling as high price as any nearby pc.
Once 5yrs mop, look ard to sell and switch to your desire fh or 999lh if any opportunity. Make the money and in uncertainities, u are definitely less affected
Nowadays buying a pc do not guarantee you the profits and not easy flip or sell in the good old days. Welcome to the locked mop or ssd. Ur choice
Allthepies
15-08-11, 19:41
location and timing is the issue, not about whether ec or pc.caspian launched at market low 650psf now 2yrs only, 900psf. ec can never make this kind of money due to mop.and ec is always launch when market is high.good luck in ur search
kingkong1984
15-08-11, 19:43
Nowadays buying a pc do not guarantee you the profits and not easy flip or sell in the good old days. Welcome to the locked mop or ssd. Ur choice
Since SSD... then MOP is what?
Should Stop Dreaming, Must Own Property. :cool:
Since SSD... then MOP is what?
Should Stop Dreaming, Must Own Property. :cool:
Ssd for Pte condo, mop for ec.
One must have dreams, to achieve it. If no dreams, what goal we have in life?
Dream first achieve later:D :D
Since SSD... then MOP is what?
Should Stop Dreaming, Must Own Property. :cool:MOP is 1 miserable year more than SSD. MOP strictly cannot sell. SSD can still sell but dependent on market value to how much profit vs duration of stay! :o
MOP is 1 miserable year more than SSD. MOP strictly cannot sell. SSD can still sell but dependent on market value to how much profit vs duration of stay! :o
Actually still quite different right...
Buy new launch PC -> wait(SSD) 4 yrs to sell -> low installment in initial construction
Buy resale PC - > stay or collect rent for 4yrs(SSD) then sell
Buy EC/bto/dbss -> 3yr construction + stay 5yr then can sell
Buy resale Hdb -> stay 5 yr to sell (8-10k group suddenly can get 30k grant)
Actually still quite different right...
Buy new launch PC -> wait(SSD) 4 yrs to sell -> low installment in initial construction
Buy resale PC - > stay or collect rent for 4yrs(SSD) then sell
Buy EC/bto/dbss -> 3yr construction + stay 5yr then can sell
Buy resale Hdb -> stay 5 yr to sell (8-10k group suddenly can get 30k grant)Good analysis! :cheers1:
EC is the way to go. It is a tiny group of housing genre which gives selling a slight advantage.
1. you get the 30k grant ~ 700 psf = 670 psf, 750 psf = 720 psf
2. If you think the builder gives good quality to last for 10 years, upon privatisation, you should be able to command good resale price given good economic conditions.
3. Your lawyer will tell you you are protected in 'some ways' when you sign s&p compared to PC.
4. Given now 12k ceiling. It will attract the HDB upgraders to drive the price up since got a bigger demand pool. Then again they face the danger of selling their HDB 3 years later while lock-in today price.
5. Pick the correct district, avoid places like Bukit Panjang. I personally go for D18.
If you realize, when there are foreign talents and huge capital inflow due to trouble of others, just watch for local population growth and policies which will equate to price appreciation.
They've just given the EC demand a booster jab by increasing the income ceiling.
Please share your views, I am the affected lot. M waiting for market to crash with enough cash for Private. Now I can qualify for EC, should I change my target? Have been waiting eagerly to jump in for a freehold apartment, have always favour FH. EC is LH99, but compared to LH mass condo, it is v much cheaper. The only difference is to hold it for at least 10 years. It makes no diff to me since it will be for own stay, or rather long term investment. Good news for revised income ceiling, but at the same time, caught in a dilema:doh:
Don't give you a choice -> you complain
Give you more choice -> you get dilemma :doh:
How to please everyone...sigh
A friend told me this: Staying in an EC abit lose face compared to PC. Doesn't feel upgraded. When people ask, U can't say you are staying in a private, you have to admit its an EC, even after 10 yrs. So now there is this thing called face value stick to it. One more question. After 10 years when it becomes private, must we declare to the next buyer that it is a privatised EC? Local might know, but foreigners may treat it as a PC right if they are not knowlegeable enough? No?
Don't give you a choice -> you complain
Give you more choice -> you get dilemma :doh:
How to please everyone...sigh
Life is like that. When you can only eat at one stall, you complain everyday eat same food. When you go to the food court with many stalls, you dunnno what to eat.
kingkong1984
15-08-11, 22:21
A friend told me this: Staying in an EC abit lose face compared to PC. Doesn't feel upgraded. When people ask, U can't say you are staying in a private, you have to admit its an EC, even after 10 yrs. So now there is this thing called face value stick to it. One more question. After 10 years when it becomes private, must we declare to the next buyer that it is a privatised EC? Local might know, but foreigners may treat it as a PC right if they are not knowlegeable enough? No?
Anything that is subsidized no face lah.
Then u compare 3 room with 4 room, no face
4 room with 5 room, no face
5 room with jumbo,no face
EC with condo, no face
Condo with landed, no face
Face... Bankrupt got face meh?
Dun be a simpleton, buy within your means.
linchong84
15-08-11, 22:30
A friend told me this: Staying in an EC abit lose face compared to PC. Doesn't feel upgraded. When people ask, U can't say you are staying in a private, you have to admit its an EC, even after 10 yrs. So now there is this thing called face value stick to it. One more question. After 10 years when it becomes private, must we declare to the next buyer that it is a privatised EC? Local might know, but foreigners may treat it as a PC right if they are not knowlegeable enough? No?
Actually the lose face one really hard to say.. 7-8 years later when esparina owners make 50% paper gain while H2O owners make 5% paper gain, I wonder who lose face? even past few years and now, bishan loft owners lose face or bishan 8?
as an upgrader (not investor, ie not intending to hold multiple properties), if your target is fringe OCR and you choose to buy pte over EC although u are below 12k, then it will be quite puzzling..
but well, it's all preference..
Actually the lose face one really hard to say.. 7-8 years later when esparina owners make 50% paper gain while H2O owners make 5% paper gain, I wonder who lose face? even past few years and now, bishan loft owners lose face or bishan 8?
as an upgrader (not investor, ie not intending to hold multiple properties), if your target is fringe OCR and you choose to buy pte over EC although u are below 12k, then it will be quite puzzling..
but well, it's all preference..
Who cares about lose face....:beats-me-man:
Money in the pocket is the most real.....:D
Can buy extra face then.....;)
A friend told me this: Staying in an EC abit lose face compared to PC. Doesn't feel upgraded. When people ask, U can't say you are staying in a private, you have to admit its an EC, even after 10 yrs. So now there is this thing called face value stick to it. One more question. After 10 years when it becomes private, must we declare to the next buyer that it is a privatised EC? Local might know, but foreigners may treat it as a PC right if they are not knowlegeable enough? No?
if u staying a condo, not driving a min entry level conti car. mercedes, beemer, or audi also lose face. becoz like that cannot match or tally, drive japanese car into pte estate..:doh:
don't make sense to me. how many condo owners here, drive a conti car?? not all, but maybe 5-10%.
go drive around meyer road landed hse, and u see some with lorry or vans inside. gao glam bo??
The government is raiding our reserve to subsidize rich couples with $10-12k/mth salary! :tsk-tsk:
My own combination :
Live in spacious ec
Rent out pc
Drive decent jap suv
Plenty of cash right pocket
Plenty of stocks left pocket
Live well within means and minimise all the extravagences (ie branded luxury stuff, expensive holidays, etc)
imo, no lose face lar... ownself happy can already... must find own comfort zone and level of contentment... else never can end one... :scared-2:
if u staying a condo, not driving a min entry level conti car. mercedes, beemer, or audi also lose face. becoz like that cannot match or tally, drive japanese car into pte estate..:doh:
don't make sense to me. how many condo owners here, drive a conti car?? not all, but maybe 5-10%.
go drive around meyer road landed hse, and u see some with lorry or vans inside. gao glam bo??
contractors doing repair work lah......
The government is raiding our reserve to subsidize rich couples with $10-12k/mth salary! :tsk-tsk:
y on earth is govt building EC........
kingkong1984
15-08-11, 23:06
contractors doing repair work lah......
Got taxi also...
Dun care wat it looks on the outside, it's wats inside ur pocket that matters.
contractors doing repair work lah......
hahaha.. ya man repair work have been ages.. donkey years.
Who cares about lose face....:beats-me-man:
Money in the pocket is the most real.....:D
Can buy extra face then.....;)
Qn1) Chinese
Point 2) They got $$$$ liao they now want face
point 3) when they get older, they go "zheng" face.
I see big old landed houses about 10k sqft, inside one Nissan sunny. That's why a lot of singaporeans are caught up with this face thing.
y on earth is govt building EC........
Govt should just extend the scheme to all Singaporeans, if they have been Singaporeans for the past 21 years :D
Got taxi also...
Dun care wat it looks on the outside, it's wats inside ur pocket that matters.
disagree.... got 10m in pocket but drive taxi shiok? i prefer drive in line with dept of pocket
i mean if got 10k in pocket then go drive conti car is abit silly lah.... got alot of $$$ must enjoy abit ma.... we only live once ma.
from a guy that got a passion for nice cars....
I see big old landed houses about 10k sqft, inside one Nissan sunny. That's why a lot of singaporeans are caught up with this face thing.
Many of these large plot with old single storey house only old folks staying, sons & daughters grown up, some too old to drive liao..., but bank cash rich and even more asset rich...., their children are lucky...
Many of these large plot with old single storey house only old folks staying, sons & daughters grown up, some too old to drive liao..., but bank cash rich and even more asset rich...., their children are lucky...
Then you read in newspaper that somebody's sons or daughters suing this and that over the house :p
http://www.singaporelawwatch.sg/remweb/legal/ln2/rss/legalnews/72847.html?utm_source=rss%20subscription&utm_medium=rss
devilplate
15-08-11, 23:46
My own combination :
Live in spacious ec
Rent out pc
Drive decent jap suv
Plenty of cash right pocket
Plenty of stocks left pocket
Live well within means and minimise all the extravagences (ie branded luxury stuff, expensive holidays, etc)
imo, no lose face lar... ownself happy can already... must find own comfort zone and level of contentment... else never can end one... :scared-2:
Ya la....whr got lose face rite?
I bo paisey drive my lousy korean made car to see showflat too! Whahaha:ashamed1:
Those who drive big conti cars but need to tok to bankers before commiting to a condo largi more no face!:p
devilplate
15-08-11, 23:51
disagree.... got 10m in pocket but drive taxi shiok? i prefer drive in line with dept of pocket
i mean if got 10k in pocket then go drive conti car is abit silly lah.... got alot of $$$ must enjoy abit ma.... we only live once ma.
from a guy that got a passion for nice cars....
Have u bot the 1M? Only 40 exclusive units in whole SG!
One word for it after test drive: shiok! But my weak heart cannot take it....whaha:o
Isn't it obvious?
with more ECs, BTOs, etc, there are just going to be more 99year leasehold properties in the market (all alike).
FREEHOLD-type condos will get rare in comparison when all these are completed. You should buy what is going to become rare.
devilplate
16-08-11, 00:28
Isn't it obvious?
with more ECs, BTOs, etc, there are just going to be more 99year leasehold properties in the market (all alike).
FREEHOLD-type condos will get rare in comparison when all these are completed. You should buy what is going to become rare.
Fh landed especially detach/bungalow is gold
Fh condo is like silver nia la....u still owning air space afterall:p
Fh landed especially detach/bungalow is gold
Fh condo is like silver nia la....u still owning air space afterall:p
ABSOLUTELY AGREE WITH YOU.
Alot of people would have kicked themselves for not buying a small piece of land 30 years ago when they could have done so. Singapore has nothing except what's left on the land, so a FH landed property is gold FOREVER. FH condo is the next best thing, but all these are going to be rare when all the properties in the market are mostly 99year leasehold (HDB and some condos alike).
kingkong1984
16-08-11, 06:06
So FH price go up faster now?
Hmm....
Back to topic, mass market near mrt is a winner over EC not near mrt.
The differentiation is in the price.
Geylang OKT
16-08-11, 06:47
Why worry about face and what others think? Its what you have that really matters. Never bother what others think. I remember going to a showflat and seeing one shabbily dressed uncle and auntie who wanted to view the showflats and asked many questions. They definitely didn't look rich and instead looked very cheena like those from the construction industry or manual labour type of workers.
The agent who was assigned to them was rather frustrated and didn't service them properly, eager to move on to the next customer.
This couple later bought three units (including a penthouse) for themselves and their sons from another agent who was idling nearby but served them with courtesy.
So you never know ;)
I see big old landed houses about 10k sqft, inside one Nissan sunny. That's why a lot of singaporeans are caught up with this face thing.
On the contrary, they are smart. Cars depreciate over years. Cars bring you from point a to b. We don't need to be flashy. We have to be practical.
Allthepies
16-08-11, 07:51
Back to topic, mass market near mrt is a winner over EC not near mrt.
most of the time it is.it also depends on who is the developer, some developers u know who like to price super high, so the owners have nothing left to gain.u cant blame the developers, can oly blame urself for buying, its a free market. so once agai it is not ec or pc, it is location, timing and developer.
ABSOLUTELY AGREE WITH YOU.
Alot of people would have kicked themselves for not buying a small piece of land 30 years ago when they could have done so. Singapore has nothing except what's left on the land, so a FH landed property is gold FOREVER. FH condo is the next best thing, but all these are going to be rare when all the properties in the market are mostly 99year leasehold (HDB and some condos alike).
What about FH apartment vs FH condo?
devilplate
16-08-11, 10:36
What about FH apartment vs FH condo?
Fh apt easier to enbloc in recent times. But must be at least 10% cheaper den nearby condo n more den let say 50 units to be on the safer side
On the contrary, they are smart. Cars depreciate over years. Cars bring you from point a to b. We don't need to be flashy. We have to be practical.
that was the common understanding about car, but over the last 2 years , pple whom bought a BMW/AUDI/MERC would have enjoyed their ride for free and some might havnt make a small profit ; )
so those whom choose to be practical and take public transport could have paid more for transport. :doh:
most of the time it is.it also depends on who is the developer, some developers u know who like to price super high, so the owners have nothing left to gain.u cant blame the developers, can oly blame urself for buying, its a free market. so once agai it is not ec or pc, it is location, timing and developer.
are you talking about far east projects?
Fh apt easier to enbloc in recent times. But must be at least 10% cheaper den nearby condo n more den let say 50 units to be on the safer side
U mean 10% cheaper than nearby FH condo or any condo including LH99?? Y must be more than 50 units? This part dun understand...
buttercarp
16-08-11, 11:41
Fh landed especially detach/bungalow is gold
Fh condo is like silver nia la....u still owning air space afterall:p
Hahahaha....
Agree with you!
FH detach/ bungalow is 24k gold, semi D /corner terrace 22k gold, interterrace 18k gold.
FH condo silver...... silver also got good resale value.
LH 99 condo are like branded bags, some got good resale.
Please share your views, I am the affected lot. M waiting for market to crash with enough cash for Private. Now I can qualify for EC, should I change my target? Have been waiting eagerly to jump in for a freehold apartment, have always favour FH. EC is LH99, but compared to LH mass condo, it is v much cheaper. The only difference is to hold it for at least 10 years. It makes no diff to me since it will be for own stay, or rather long term investment. Good news for revised income ceiling, but at the same time, caught in a dilema:doh:
Dont waste the HDB grant, get the EC. For own stay, the cheaper your property, the lower the opportunity cost. After fulfilling your MOP, buy a 2nd property and rent out your EC and wait for the value to appreciate.
Dont waste the HDB grant, get the EC. For own stay, the cheaper your property, the lower the opportunity cost. After fulfilling your MOP, buy a 2nd property and rent out your EC and wait for the value to appreciate.
EC grant only 10k for our income bracket wor. M considering FH condo or apartment. LH99 is definitely out.
One important point to take note, this new income ceiling of $12K only applies to ECs launched on or after Aug 15, 2011.
Therefore, only new EC launches will be applicable. Current ECs launched are out.
I was interested to get one, but looks like have to wait for the new EC launches....
One important point to take note, this new income ceiling of $12K only applies to ECs launched on or after Aug 15, 2011.
Therefore, only new EC launches will be applicable. Current ECs launched are out.
I was interested to get one, but looks like have to wait for the new EC launches....
If that is the case, I got a feeling that upcoming new EC launch price may be higher than those ec already launched since now it is more affordable; bigger demand etc....For all you know, all these "grant" thing is just a show, left pocket to right pocket. You may end up paying higher price for the EC to offset the grant given. Back to square one !
propertyinvestor
16-08-11, 18:01
One important point to take note, this new income ceiling of $12K only applies to ECs launched on or after Aug 15, 2011.
Therefore, only new EC launches will be applicable. Current ECs launched are out.
I was interested to get one, but looks like have to wait for the new EC launches....
I think have to wait for the next EC launch before u decide whether to go EC or mass Mkt condo? But bear in mind that EC are bounded by hdb rules. Unless new EC price can still have a 20% price gap to the new mass Mkt condo.
EC grant only 10k for our income bracket wor. M considering FH condo or apartment. LH99 is definitely out.Your reasoning is weak. You think you are merely forfeiting the 10k grant when you decide a FH condo/apartment over an EC? An EC is much much cheaper than the current FH condo (that is not knowing the prices of new EC launches).
You are also forfeiting
1. opportunity cost: Buying an EC instead of FH condo may well allow you to set aside some cash for further investment. Throwing everything into the FH will not give you that extra opportunity to expand your investment portfolio.
2. price appreciation potential: Similarly, ECs generally have a higher potential for price appreciation over 5 years as compared to most PC (but must choose those near MRT instead of some ulu bird don't lay eggs location to enjoy that appreciation).
Purely from an investor's perspective! However if investment is not your priority, then a FH or EC (LH) probably is not that important. Rather, its the environment, location, nearby amenities and surrounding landscape that takes priority.
Cheers! :cheers1:
next to watch is arc@tampines
arc @ tampines 3 bedder got 5 sq m AC ledge 2 balconies. Really purely for view and plant lovers. One balcony can dry clothes, one balcony can grow plants.
Allthepies
16-08-11, 22:10
are you talking about far east projects?
:D :D.........
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