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Thread: Waterwoods EC updates (siteplan , perspectives)

  1. #1

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    Default Waterwoods EC updates (siteplan , perspectives)

    E-apps Window :19 Sept 2013 - 29 Sept 2013
    Showflat open & Price release :15 Oct 2013
    Booking :19 Oct 2013onwards

    DEVELOPER: Sing Holdings Ltd & United Engineers Ltd
    Total Units: 373
    Site Area: 14,306.90sqm
    Tenure: 99-years leasehold from December 2012
    TOP: 2016
    Configuration: 6 blocks of 17 storeys
    Unit Mix: 2-Bedrooms, 3-Bedrooms, 4-Bedrooms, 5-Bedrooms, Penthouse & Massionette
    Features: Basement Carpark, majority North-South Facing, Full Condo Facilities, Private lifts for certain units, 1st EC to offer Maisonette units

    WATERWOODS is a new executive condominium located at Punggol Field Walk / Punggol East, it consist of 373 units (Estimated) of various room types and sizes to fit a young couple, families with children and multi generation families. Waterwoods is just 3 minutes walk away from Coral Edge LRT station that links to Punggol MRT station and easily accessible to expressway TPE and KPE.

    WATERWOODS close proximity is the Punggol Promenade, a 4.9km promenade that link 2 activity cluster between Punggol Point and Punggol East, the ideal venue for leisure, recreational activities and great food. Punggol Plaza and Rivervale Mall is also just mintues walk away. Schools nearby is Greendale Primary School, Mee Toh School, Rivervale Primary School and Horizon Primary School.

    Nestled in a tranquil corner of northeastern Singapore, New Punggol EC offers you the convenience of living in Singapore’s premier coastal new town development, as well as the privacy and quietude of a location tucked away from the suburban bustle.

    With a location next to Coral Edge LRT station, Punggol MRT station, bus interchange and Waterway Point will only be minutes away. New Punggol EC is also easily accessible via Tampines Expressway (TPE) and Kallang – Paya Lebar Expressway (KPE). Your home will also be located near a variety of educational institutions. E.g. Mee Toh School, Greendale Primary, etc.

    At WATERWOODS, you can enjoy cosmopolitan shopping, partake in electrifying watersport activities or just lose yourself in the warm embrace of greenery, all in the neighbourhood you call home. With its meandering waterways, breezy beaches and tree-lined rivers, this is waterfront living that combines modernity, heritage and nature seamlessly.

  2. #2

  3. #3

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    Are you affected by the latest EC regulations (MSR ,TDSR)?
    Drop by our EC Seminar soon for a free session to check your affordability !
    Register now !

    Housing Board flat upgraders are likely to be the hardest hit by changes to the executive condominium (EC) housing scheme.

    On Monday, the Government tightened loan rules for those buying EC units, a popular hybrid of public and private housing.

    Buyers looking to sell their public flats to buy an EC unit may have to moderate their expectations after monthly mortgage payments were capped at 30 per cent of their monthly pay, experts said.

    This makes financing markedly tighter, in addition to July's total debt servicing ratio (TDSR) which capped total monthly debt payments at 60 per cent of gross monthly income across the board.

    The introduction of a resale levy applying to some EC buyers will also make EC units less attractive to HDB upgraders.

    EC units are sold with Housing Board restrictions. They become fully privatised after 10 years.

    The move came after HDB upgraders flocked to EC launches following July's new loan framework. EC applicants were less affected by the TDSR as banks excluded monthly payments for their public flats when computing the loan.

    This is because buyers are required to sell their existing flats when the EC development is ready.

    Experts noted that EC homes - especially bigger and pricier units - could be less attractive now, given the

    However, upgraders can still look for private units, as they will have more leeway to secure a bigger loan compared to ECs.

    Mr Li Jun, general manager of Qingjian Realty, said unit prices at two upcoming ECs in Woodlands and Anchorvale will be maintained as building plans were finalised before the changes.

    However, he noted that his firm will be more cautious when bidding for EC sites in the future, and that units could be built smaller to keep them affordable.

    Source: The Straits Times –14 December 2013

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  5. #5

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    I thought there was already a $5k discount. If this is a further discount, then I guess the sales must be really affected by the recent change in the EC regulations.

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