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Thread: Executive Condo with no Resale Levy. Selling fast before units sold out.

  1. #1
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    Wink Executive Condo with no Resale Levy. Selling fast before units sold out.

    Executive Condo Singapore
    No Resale Levy.
    Selling fast.
    View with us.

    https://goo.gl/6q6SKv

    https://goo.gl/QQH1tN

    See you soon.

  2. #2
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    EC home owners can only sell their executive condo to Singaporeans and PRs after 5 years, and to foreigners after 10 years.

    This is calculated from the date of Temporary Occupation Period (TOP) or Certificate of Statutory Completion (CSC), whichever is earlier. This is summarised below:

    5 years from TOP: Eligible to sell to Singaporeans and PRs only
    10 years from TOP: Eligible to sell to Singaporeans, PRs and foreigners. Considered fully privatised.

    http://executivecondominiums.com.sg/...ecutive-condo/

    Correct me if I am wrong.

    Am I right to say if you buy EC on the 4th year 11th month and 30th day after TOP or CSC whichever is earlier, you have fulfilled the MOP thus can sell to Singaporeans and PRs on the next day.

  3. #3
    Ultimate Underdog

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    Can but SSD of 16% should apply.

    Quote Originally Posted by Arcachon View Post
    EC home owners can only sell their executive condo to Singaporeans and PRs after 5 years, and to foreigners after 10 years.

    This is calculated from the date of Temporary Occupation Period (TOP) or Certificate of Statutory Completion (CSC), whichever is earlier. This is summarised below:

    5 years from TOP: Eligible to sell to Singaporeans and PRs only
    10 years from TOP: Eligible to sell to Singaporeans, PRs and foreigners. Considered fully privatised.

    http://executivecondominiums.com.sg/...ecutive-condo/

    Correct me if I am wrong.

    Am I right to say if you buy EC on the 4th year 11th month and 30th day after TOP or CSC whichever is earlier, you have fulfilled the MOP thus can sell to Singaporeans and PRs on the next day.
    The three laws of Kelonguni:

    Where there is kelong, there is guni.
    No kelong no guni.
    More kelong = more guni.

  4. #4
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    Quote Originally Posted by Kelonguni View Post
    Can but SSD of 16% should apply.
    If can made 30% then still ok.

  5. #5
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    Quote Originally Posted by Arcachon View Post
    If can made 30% then still ok.
    If buy from owner who bought from developer, then he would make the 30%, not you. So how to make 30%.

    But if you mean buy from developer, by then won't have developer units left anyway. Almost all the ECs either sell out by TOP, or only a small handful of units left. And even if developer still has units left after 5 years from TOP, you are still bounded by the 5 year MOP, because it is counted from your date of purchase or the TOP date, whichever is later.

  6. #6
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    Quote Originally Posted by Wimsey View Post
    If buy from owner who bought from developer, then he would make the 30%, not you. So how to make 30%.

    But if you mean buy from developer, by then won't have developer units left anyway. Almost all the ECs either sell out by TOP, or only a small handful of units left. And even if developer still has units left after 5 years from TOP, you are still bounded by the 5 year MOP, because it is counted from your date of purchase or the TOP date, whichever is later.
    "you are still bounded by the 5 year MOP, because it is counted from your date of purchase or the TOP date, whichever is later." can share who give this statement or where you see the quote.

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