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May i ask what is the Downpayment for EC? an agent at a particular showflat told me it was 5%+15% because follow "hdb rules" but many website claim that it is 5% + 20% like a private condo.
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3 Answers

Hi Damien,

Assuming you are referring to new EC.
If you are going for Deferred Payment Scheme, the down payment and stamp duties will total approx 23% (5%+15%+3%).

If you opting for Normal Payment Scheme, the down payment and stamp duties will total approx 28% (5%+20%+3%).

Due to this benefit, NPS pricing typically is 3% lower than DPS pricing.

I have just concluded an unit at Parc Central Residences EC and would be happy to assist with your EC plans as well. The buyer was also facing the same scenario. Happy to draw up the full financial plan for your scenario as well.

May I have more info and requirements about your plans so to make better recommendations? Thanks and look forward to value-add to your housing plans.

Warm Regards,

Ivan Ng Realtor
ERA Senior Marketing Director
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Hi Damien,

I would be most glad to assist you further and please feel free to let me know if you need any assistance. Have a good day ahead. By the way, yes it should be 5% + 15%.

Regards
Aaron Chong
 9730 8455 
aaronchong2774@yahoo.com.sg Read More
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Hi Mr. Damien,

1) Due to the reduction of LTV to 75% in July 2018, the downpayment for an EC or private is 25%. This means that the maximum loan you can get from the bank is 75%.
2) Because you are purchasing a new launch. It is working on a progressive payment.

3) Under normal payment scheme:
5% option fee -> 15% on completion (9 wks from OTP), 5% upon foundation is built (6~9mths). This works out to 25%. Where the foundation might only be ready in 6~9 months' time.

4) Under Deferred payment scheme:
5% option fee -> 15% on completion (9 wks from OTP). The next payment will only start upon selling your current HDB flat.

Hope the above answer to your main concerns, but if there are more query, please feel free to contact me at 90110636  , or email: ling.ck7@gmail.com if more information is needed.
I'll be glad to assist.

Best regards
Ling CK
 90110636 
ling.ck7@gmail.com
https://R056727F.propnex.net/
https://www.facebook.com/Homesellerbuyer

Note:
Any response to our answer does not reach us.
The best way to get a follow-up is to Whatsapp or email us directly. Read More
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