AskGuru Q&A Community

Hi,

Are you referring to new ECs? Firstly, new ECs are subject to certain eligiblity conditions namely

1) Max household income of 12K
2) At least 1 citizen
3) Family nucleus (eg. fiance fiancee)
4) No private property disposed in the last 30months

Does this affect your application? Please also note that you also have to physically occupy the unit for 5years after key collection of EC.

Imho, I feel the important thing is to look at whether there is infrastructure growth in the whole area, and what is the designated growth direction for the town. If you follow news developments of Woodlands and Punggol region, you can have an idea what the authorities are charting out in terms of the Town's identity and direction. All these are potential price drivers for any residential project in the area, since you have to be there for 5years at least, it will benefit your investment. Beyond that, it will be how confident you are in terms of Singapore's economic outlook in the medium to long term.

May I share with you the infrastructure developments of the EC areas you are considering? Thanks and hope to have the opportunity to understand your requirements further.

Warm regards,
Ivan ERA
 97432395 
ivanng10@gmail.com
www.ivanng10.com Read More

Hi Lucien, why choose to purchase EC for investment? Are you aware of the limitation of owning a EC? Do you like me to share with you the potential appreciation between EC and private condo.
I am reachable at my mobile or email.

CK Ang
 9046 3808 
res.ckang@gmail.com Read More

Hi Lucien, if you intend to purchase a property for investment purpose, then I would say a resale EC is obviously a better choice than a HDB unit.

Regards
Aaron
 97308455 
aaronchong2774@yahoo.com.sg Read More

Hi Lucien,

Firstly, before you decide whether to proceed with a resale HDB or an EC, you need to know your own objectives.

Ask yourself these few questions:
How do you see yourself in 5 years time?
How will a HDB flat or an EC help you in archiving your objectives?
What is your next step going forward after the 5 years?

Only by asking yourself these questions then can you be clear on your decision making.

After you're clear on this, then you can proceed to source out the best possible outcome to your decision, and look into the finer details of things.

As for my opinion on outlook in terms of price for a development near a site with multiple ECs being clustered together, I would ask you to imagine yourself to be a BUYER of such a unit in 5 years time.

Again, ask yourself these question:
If condo A, B and C are just next to each other, with the prices comparable, what choices do I have? Will I have ample choices to choose from?

Should you need help in making decision, feel free to call me for a discussion. I will be glad to assist. I can be reached at 97486305  .

Best regards,
Robbie Chen
PropNex Realty Read More