Is EC still a good buy?

Is EC still a good buy?

Although the gap is narrowing, there is still a significant price gap between EC and private condo. And EC still provides an affordable option for HDB upgraders who want a higher standard of lifestyle. As EC is for own occupation, achieving a good resale capital appreciation after privatization is good for investment.

Is Ola EC worth buying?

– Buying an EC is NOT necessarily an investment. Unless you’d want to wait at least 9 years to sell your unit (4-5 years completion + 5 years MOP). Simply put, An EC is popular for families who want to live a condo lifestyle at a more affordable price.

What is the difference between executive condo and condo?

The biggest difference between a regular condo and an EC comes in the first 11 years. During this time, ECs count as HDB properties – they are subject to the Minimum Occupancy Period (MOP) of five years. You can’t sell or rent out your EC during this time. If you purchase an EC, it’s a bit cheaper than a regular condo.

Is Bishan Loft a good buy?

A Great Investment If you are the type of parent who puts moderate emphasis on child development, Bishan Loft could be place for you.

Can Singles buy new EC?

Unfortunately, a single citizen can’t buy a new EC unit alone. However, he or she can opt to purchase a resale EC or even a private condo if it’s within the budget. As a single, you may purchase a resale EC or private condo.

Is Ola a EC or condo?

OLA is an executive condominium (EC) development located in Anchorvale Crescent Sengkang in District 19 in the North-Eastern area of Singapore. The 99-years leasehold development has a total of 548 residential units and is expected to be completed in year 2023.

Is an executive condo worth it?

Executive Condominiums are still the best value buys The reason is simple: they’re a chance to buy private property, while still getting government subsidies. Also, ECs often feature the same range of a facilities offered by private condominiums, but at a fraction of the cost.

Who can buy 5 years EC?

There are also differences between resale ECs of different ages; an EC that is five years old or less can only be sold to Singaporeans and Permanent Residents while an EC in its eleventh year or more can be sold to everyone including foreigners and companies.

Where is Heron Bay resale executive condo?

Welcome to the world of Heron Bay – Resale Executive Condo in the North-East Region of Singapore. Heron Bay is a beautiful development, 99 years leasehold started from 2012. The actual date of TOP was in 2015/10.

How much does it cost to rent in Heron Bay?

The rental of a unit at Heron Bay is S$1,600 – S$3,800. What is the address of Heron Bay? Heron Bay is located at Upper Serangoon View, 530000, Hougang / Punggol / Sengkang (D19).

What is the price of herheron Bay?

Heron Bay was launched in October 2012, selling price starting from $5xxk onwards. The best way to find out more about this development, to familiarise yourselves with the actual condo location, is to arrange a viewing with us.

Why heronbay is the best place to live?

Right in the heart of north east estate, Heronbay is well connected to major highways such as KPE and CTE and nestled amid a sprawling network of schools, shopping malls, recreational grounds and many other amenities.