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Thread: EC still remain attractive after new EC cooling measures?

  1. #1
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    Default EC still remain attractive after new EC cooling measures?

    Would like to hear your views.

    -Will EC still remain attractive?
    -Will Private condo will benefits from new EC cooling measures?
    -What would be the property trend like for 2014 and ahead?

  2. #2
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    Quote Originally Posted by Strata View Post
    Would like to hear your views.

    -Will EC still remain attractive?
    -Will Private condo will benefits from new EC cooling measures?
    -What would be the property trend like for 2014 and ahead?
    My view is EC will remain attractive if the price is low as now you cannot afford it if it is too expensive. But now it will benefit those people with strong family backing now.

    I don't think private condo will benefit much from EC cooling measure as you will have the same restriction in private condo. If one cannot get EC with the restriction, he cannot get the private condo with the same restriction also.

  3. #3
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    Quote Originally Posted by RCT View Post
    My view is EC will remain attractive if the price is low as now you cannot afford it if it is too expensive. But now it will benefit those people with strong family backing now.

    I don't think private condo will benefit much from EC cooling measure as you will have the same restriction in private condo. If one cannot get EC with the restriction, he cannot get the private condo with the same restriction also.
    how about loan wise? EC is now restricted to 30% of gross salary while loan for private property can borrow up to about 60% (TDSR).

  4. #4
    concubine Yu

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    I feel pc will be more attractive den ec now.
    if u buy pc, u can loan more n dun nid to pay resale levy.

  5. #5
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    Have to pay levy and still have to dispose existing Hdb ... Not attractive ...

  6. #6
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    For 1 timers .. Ok .. Maybe that's the objective

  7. #7
    Senior

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    It really depends where is the EC and pricing of it compared to the nearby PCs. Some may still be attractive. One will have do a SWOT analysis with the time dimension.

  8. #8
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    A 20% price cut come with homo finishing, no fridge n washer, small plot size, many units, small facade, mcp, railing balcony, big unit, normal door lock, small function room, OCR location with walkable distance to MRT for some, MOP and ofcourse MSR.
    Good deal for a young couple with grant, no ABSD, no LTV restriction.
    In fact these 2 years new launches PC are providing the same standard to an EC.

  9. #9
    Junior

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    Note ec msr is for new launch, direct from developers.
    Thanks everyone for the support! [URL="http://findahomeloan.co"]Find A Home Loan is Standard Chartered #1 broker in 2013[/URL].

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