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Good morning EC upgrader,

There could be a few reasons behind it:
1) Some agents might forget to remove their advertisements
2) Some buyers withdrawn from their unit thus explain the availability
3) Balance units up for sale from developer

If not, you might want to share with me which are the projects you are interested. I will love to find out more information for you.

Secondly in order to purchase new ECs, you have to fulfil your minimum occupation period. Have you done so?

And in order to purchase a new EC, you have to dispose off your current HDB so you will not be subject to ABSD.

Hope my explanation helps! Hear from you soon!

Warmest Regards,
YT TAN 陈永达 | ACCA Graduate, RES
Vice President (Agency)
R043025D
Property Avenue Pte Ltd
Estate Agent no. L3010650D
Blk 420 North Bridge Road #03-30 North Bridge Centre S188727

(M): +65 9111 5171 
(E): yt.lovelyhomes@gmail.com
(W): www.yttan.com
(W): www.propertyavenue.com.sg Read More

Hi,

There could varied reasons for that although I do believe it is mainly due to advertisement conflicts; where the adv are not up to date.

Anyways, may I know what project or rather location you may have in mind? If you are considering an under construction EC, you can leverage on the massive discounts currently in a plethora of projects and dispose off your HDB unit only within 6 months of collecting keys upon TOP. You will not be liable for ABSD in that case. If you are keen on resale which will be slightly more expensive nonetheless, do let me know so that I can share the available inventory of price and units and assist accordingly the best step for you based on your circumstance ; objectives and finances.

Do note that there is no agent fees involved and I will walk you through this whole tedious process of : explanation of procedure, shortlisting, negotiation, paperwork, establishing financial projections / application of loan, sharing of market insights, providing up to date transaction caveats & price analysis of properties as well as and handling all technical and legal matters at NO cost!

D Kumar
 +65 96659926 
ERA Associate Division Director
www.kumarrai.com

#1 team of ERA in Singapore, Asia Pacific International for 2014.

ERA 2015 Q1 Top Achievers (Top1%)
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Hi,

For such cases of ECs that you mentioned, chances are

1) agents forgot to remove their adverts
2) returned units as the applicants drop out 1 way or another. Or approved for sale by HDB due to special circumstances (chances are slim)
3) balance developer sale units which have not been booked

if you are purchasing ECs, you have to sell away your HDB within 6 months after key collection to EC. ABSD Is not applicable since it is understood you have to sell the HDB.

For your scenario, I would suggest going for a private condo as some of the condo prices in sengkang is comparable to EC prices. This way you could keep both HDB and condo, and secure your retirement through rental income, as long as you are SC household and have met MOP of 5 years. But please take note 7% ABSD is payable for SC, but there could be a workaround.

Thanks and may I assist with your housing plans further so as to value-add further? Hope to discuss further.

Warm regards
Ivan ERA
 97432395 
Ivanng10@gmail.com
Website: http://www.ivanng10.com/#!reviews/c11r1
(Client's Testimonials) Read More

A very good day to you,

Thank you for your query.

Please find the respond to your queries as following:
1. Some New ECs which have just received TOP and being marketed could be
a) Balance units still unsold direct from developers
b) Aborted or withdrawn units from owners who for some reasons or another could not complete the purchase at the point of TOP. These units would have to be returned to developers to be marketed to other keen buyers

2) To qualify to buy an EC, HDB owners who bought their units direct from HDB or resale HDB owners bought with CPF Grants would need to ensure that their MOPs have been fulfilled at the point of EC Application.
Resale HDB owners bought without CPF Grant may submit EC Application provided that their MOP period will be fulfilled upon the expected TOP date of the new EC. Both conditions mentioned are regardless of the HDB unit is fully paid or otherwise. If it is fully paid, it will decrease the TDSR amount during home loan application if it is lower than the MSR limit, hence increase borrowing amount.
HDB upgraders buying ECs will be exempted from ABSD as they would be required to sell their current HDBs within 6 months of TOP of the new ECs.

I am the marketing agent for a number of new upcoming ECs stated below. As we do not get prompted here, kindly contact me directly should you require more information on any of them.
Price guide of all ECs marketed by my agency could be found via this link: https://db.tt/pB9WrjVu

Thank you and have a pleasant week ahead.

Warm Regards,
Karrien N. Chan
CEA Reg. No.: R052532H
Mobile: +65 82250212 
Email: karrien.realty@yahoo.com

POWERFUL NEGOTIATORS
PropNex Realty Pte Ltd
Service You Trust
CEA Licence No.: L3008022J

Project Core Team:
Executive Condominium
D27 The Brownstone - New
D23 Sol Acres - New
D19 The Vales - New
D19 The Amore
D18 Sea Horizon
Condominium
D19 High Park Residences - New
D18 The Santorini
D15 70 St. Patrick's
D15 Flamingo Valley
D14 Tre Residences
D14 Sims Urban Oasis

Floor Plans & Listings:
http://propertyguru.com.sg/agent/karrien-n-chan-295771
Pricing Guide of Properties For Sale:
https://db.tt/pB9WrjVu Read More

Thank you for your additional input,

If your concern is 30% MSR, then perhaps you may like to consider private properties instead as all ECs will have MSR component which will limit your borrowing amount by half as compared to 60% TDSR for private properties.

You may like to know that there are a few condos that are priced similar to EC new launches of $720 to $950psf. These are older condos with low psf of below $850psf but higher quantum as larger in size or newer launches around $1000psf but cheaper in quantum due to smaller size for your family’s consideration.

Other benefits of buying private condos as compared to ECs are as following:
1. 4-years wait period to avoid SSD as compared to 8 years (minimum 3 years construction + 5 years MOP) wait period for ECs before able to sell and leverage on the profit
2. Able to keep 1 HDB unit and unlimited number of private properties, if at least one owner is Singapore Citizen and finances permit
3. Going full private will also allow the opportunity to restructure portfolio to allow buying 2 private properties after selling the HDB with little or no extra money invested as compared to buying ECs which will only allow you to own 1 property at a time

You may like to know that HDB allows extension of stay for HDB sellers of up to 3 months to ease the transition to their new homes.

I hope to meet with you soon to go through your options with detailed calculations for you to be able to make better informed decision and it does not require decoupling. Look forward to hearing from you soon.

As we do not get prompted when you respond here, appreciate very much if you can contact us directly.
Thank you once again and have a pleasant week ahead.

Warm Regards,
Karrien N. Chan
CEA Reg. No.: R052532H
Mobile: +65 82250212 
Email: karrien.realty@yahoo.com

POWERFUL NEGOTIATORS
PropNex Realty Pte Ltd
Service You Trust
CEA Licence No.: L3008022J

Project Core Team:
Executive Condominium
D27 The Brownstone - New
D23 Sol Acres - New
D19 The Vales - New
D19 The Amore
D18 Sea Horizon
Condominium
D19 High Park Residences - New
D18 The Santorini
D15 70 St. Patrick's
D15 Flamingo Valley
D14 Tre Residences
D14 Sims Urban Oasis

Floor Plans & Listings:
http://propertyguru.com.sg/agent/karrien-n-chan-295771
Pricing Guide of Properties For Sale:
https://db.tt/pB9WrjVu Read More

Good morning upgrader,

Since you have no issue with the initial outlay but have with the MSR, probably you should consider purchasing private property instead(TDSR).

You can consider purchasing new launches that are selling close to EC prices in Sengkang area. There are Kingsford Waterbay and upcoming High Park Residences in Sengkang Fernvale.

But do take note that you will have to pay an additional buyer's stamp duty of 7% as SC first but you can apply for remission from IRAS if you manage to sell off your HDB within 6 months from condo's key collection date.

By doing this, you can hold on to your HDB and sell if off only after you move into your condo.

Hope my opinion and explanation are beneficial to your decision making.

If you need any assistance or advice to your property upgrade, feel free to contact me. Cheers!

Warmest Regards,
YT TAN 陈永达 | ACCA Graduate, RES
Vice President (Agency)
R043025D
Property Avenue Pte Ltd
Estate Agent no. L3010650D
Blk 420 North Bridge Road #03-30 North Bridge Centre S188727

(M): +65 9111 5171 
(E): yt.lovelyhomes@gmail.com
(W):www.yttan.com
(W):www.propertyavenue.com.sg Read More