Hi Spencer,
Like to share with you my opinion on Exec Condos. Exec Condos grow in appeal with age.
They are looking more appealing in terms of investment value. While ECs are generally 10 to 15 per cent cheaper than full provate counterparts, their value are expected to rise when they turn 10 years old. This is the point at which restrictions will be completely lifted, so they can be bought by anyone, including foreigners.
The rental yields are attractive too. The rents they fetch are comparable to those for private condos.
To purchase resale ECs in the East, you can have the following options:
1) Eastvale @ Pasir Ris Dr 3
2) Pinevale @ Tampinese St. 73
3) Simei Green @ Simei St 4
4) The Eden @ Tampines st 34.
Not a problem for you to get a 2-bedroom unit below $650k on above-mentioned ECs. However, to get a "good" 3-bedroom unit, you might need to strech slightly above $650k.
Alternative, you can consider to purchase 3-bedrooms ECs in the North which price varies between $535k to $610k.
Do contact me if you require further clarrification or you need my further service.
Regards
Terence
Hp
90256676
property.candh@yahoo.com.sg
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