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Hi,

For ECs, if you are a 1st-timer, you do enjoy up to 30K grants. Even though the EC or Pte price gap is not too big, there is still a difference and that is still benefits in terms of reduced upfront costs.

Other than the above 2 points, there really isn't other significant benefits for EC over Pte. For ECs, you can only sell after staying there for 5 years, and only to SC/PRs. But for Pte you can sell after 4 years (from booking) to all, even foreigners, and usually Pte provides better unit finishes. Location-wise, some Pte condos are also relatively nearer to amenities/MRT vs ECs.

It is best if I can understand which projects you are comparing with so as to value-add with better recommendations. Thanks and hope to discuss further and value-add to your housing plans.

Warm Regards,
Ivan Ng
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Dear sir/madam,

In general, the only difference between these 2 types of projects when purchased during launch is the entry restrictions or benefits. While ECs provides grant to 1st timers up to $30,000, there are some private developers who may sweeten the deal in providing stamp duty rebates or furnsihing vouchers. While brand new ECs are only opened to Singaporeans, it definitely makes the competition less keen therefore may result in more units available for selection than a private condo during launch especially when prices are attractive. The real difference to me lies with the exit strategy. If you are looking only at short term ownership, it is advisable to look at private projects where you can sell at any point of time (subjected to stamp duty if sold under 4years) and your buyer pool will definitely be bigger given that foreigners are also eligible, while ECs only allow you to sell 5years later to Singaporeans or SPRs. In a mid to long term perspective however, EC makes a more decent choice as it would have privatised after 10years and can be sold to foreigners too. Given that the launch price is lower than that of a private property, it will be easier to sell if we are looking at the same amount of profit from the sale in comparison to the private project since it is priced lower to reach out to more prospective buyers.

Having said that, different projects will have their unique selling points to benefit differently for individuals thus, still need to break down into the benefits before deciding.

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Regards,

Geryl LIM
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Hi, if your budget allows, it is recommended that you go for a private property instead of an EC. One of the main reasons would be when it comes to selling off whether be it due to financial constraints or for capital appreciation, you could dispose off your private property after 4 years where you need not pay any more Seller Stamp Duty as compare to an EC which could only be sold after 5 years (MOP). And to add on, you can't sell the EC unit to any foreigner yet and it has to be only 10 years later. (Privatised). I would be most glad to assist you further or to bring our discussion further. Pls feel free to let me know if you need any assistance.

Regards
Aaron
 9730 8455 
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Hi,

When thinking of purchasing, pointers to note of: Requirements. Finances. Lifestyle Preferences. Holding Power. Objectives - expected returns. What is the appreciating value of the chosen property? What is the estimated surrounding rental yield? What are the attributes that set my property apart?

Taking that into consideration, I believe a greater foresight to which properties ( EC/ condo) you should be targeting should be met. To be able to succinctly assist, I would need to obtain these details to facilitate in sieving the appropriate units. We will also have to conduct a financial cash computation/ progressive payment, breakdown of payment for purchase to establish which option will work better.

Furthermore, there is NO agent fees involved! So you can take this opportunity to discuss more on your preferences & for me to give an entire overview and share more insights to the market, chart out the market price analysis and recent sales transaction caveats, work out comprehensive financial cash projections and provide you with up to date information to the procedural steps and its associated wings- financial (loan) , legal matters etc.

D Kumar
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Hi,

Re: One Stop Services for SG properties

We can assist you based upon your stated contents. It always better to buy private vs EC if the price is similar.

Tell us more about your requirements with locations, we can explore further in detail.

We are contactable at 92222389  or onassis@sgrealtor.com.

Onassis Gan Eng Joo - CEA Reg No.: R021244C
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