Originally Posted by
propertybuyer073
What is important as pointed by one user is you are happy with your purchase.
Everyone has different set of buying criteria.
My wife and I undertook a comprehensive analysis of all the criteria which some users have pointed out.
We even have a weightage to each criteria giving more weight to the criteria that we value most.
One can easily list 10 strengths of Eco.
Similarly, one can easily 10 strengths of Lush Acres.
Vice versa, one can list the weakness of Eco and Lush Acres (Same for other ECs).
For us, we are devoted Buddhists. We want our children to attend Mee Toh Pri. Else, Punggol Green Pri (just next to Eco) would be great too.
<Waterwoods is also near Mee Toh Pri but Waterwoods might not be cheap given the higher land cost.
So, to us, our children education is our top priority.
This also explain why we decided to give Lush Acres a miss because of its close proximity to petrol station.
We also consulted various property buyers and those who rent flat.
Our question is simple -
Would you prefer to rent an apartment which is 10 mins walk from a MRT station or to walk 5 mins to a LRT station followed by 3 stations to a MRT station.
Most opted for the former i.e. 10 min walk to MRT.
We reckon in terms of renting out our apartment in future, Eco would be easier to rent out.
Again, one may dispute this.
I leave it to you to run this experiment.
Eventually, location, location, location still matters.
Again, one may argue 10 min walk is too long.
3 - 5 mins walk more manageable.
The mil $ question is at what price for a condo is within 3 - 5 mins walk from a MRT?
If you buy Eco at say $790 psf (10 min walk to a MRT) compared to say $1,250 psf (5 mins walk to MRT), you have more leeway to charge cheaper rents.
Rental yield is what matter.
For Sea Horizon EC, while it might seem ex, we must recognize that some might buy for various reasons.
It is near Pasir Ris Pri Sch which is fairly good school. It is also near 2 other pri schools. All these schools are established schools which have produced some good top scorers.
In schools in Sengkang and Punggol, most schools are newer or lack track record. For schools like Nan Chiau Pri, it is very challenging to be admitted as it is always highly oversubscribed. Parents who live in Sengkang and Punggol will know the challenge of finding childcare centres and perhaps pri schools etc.
I think we should not have a ranking of condos/ ECs.
People buy for various reasons and for reasons which they matter most to them.
For us, our priority is our children. Next is the prospect of renting out in future. This is where location, location still matters.
Some criteria like interior décor eg toilets not up to standards are not important to us as we can easily fix them by hiring a contractor to re-do the toilets.
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