8 Answers

May I know which development are you referring to? There could still be some leftover or drop out units by earlier buyers, sometimes due to eligibility criteria or other reasons. For EC projects that have TOPed, some owners may have the permission from HDB to sell it prior MOP, but the purchasers of these units will still be required to fulfill the eligibility criteria in order to purchase.

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1
  • Geryl Lim
    The requirements are the same as per you are buying a new launch EC, depending on the stage of the construction right now. You may opt for normal progressive payment scheme or deferred payment scheme if it is still available.

    For the listing you have sent, I believe it is a bit misleading but the agent has indicated that he is collecting interest from buyers who are still keen in this project and will consider any drop out units if there is any, so basically it is like putting yourself on the waiting list.

    For normal payment scheme, you will need to pay 20% minimally up front for the downpayment, and depending on the stage of construction now, and pay the 5% upon completion of the foundation works where loan repayment will kick in at this stage (not the full amount). For deferred payment scheme, you will need to pay 20% up front for the downpayment with the next 65% upon TOP and balance 15% on completion date.
  • DN
    I've seen it quite regularly but am sharing just one below that I recently saw.
    https://www.propertyguru.com.sg/listing/for-sale-provence-residence-24405443

    May I know for those leftover or drop out units, would the requirements be similar to a regular resale condo where I would need to sell my current flat before paying the downpayment upfronts immediately? Or would it only need to paid upon key collection?
Hi,

These units usually have obtained the approval of the HDB to sell due to special reason and the buyer taking over must meet the HDB criteria too.

Regards
Aaron
 9730 8455 
aaronchong2774@yahoo.com.sg Read More
0
Hi, appreciate your sharing. Usually having special approval for sale from HDB or bounce out unit by developers.
Looking forward to assist you at 9696 4398  or email me at stewartlim96964398@gmail.com

Cheers
Stewart-PropNex Read More
0
Robbie Chen Chee Howe
Hi,

There can be a few possibilities:
1) Balance units unsold
2) Drop-out units from Developer
3) Agent fishing for Buyer leads

May I know if you're a second timer looking to upgrade to an EC? If so, perhaps we can explore your possible options in today's market?

I am experienced and well-versed in both HDB and private transactions. I will be able to assist you in your property plans. Please get in touch with me for a more in-depth discussion.

Should you need require further assistance in matters relating to property, please contact me at my mobile +65 97 48 63 05. I will be happy to assess and share with you the possibilities for you in the current market.

Thank you.

Best regards,
Robbie Chen
+65 97 48 63 05
PropNex Realty Read More
1
Hi,

They are typically bounce out units from developer put up for sale again, which may have bounced out as the previous buyers either chose to terminate the purchase due to ineligibility (separation or divorce) or financial reasons (change in financial situation etc.) or some other reason that rendered them unable to complete the purchase.

It could also be advertisement put up by agents to gather buyer leads in the event that bounce out units happen any time which may interest the buyer.

May I know if you are looking to upgrade to EC, I have helped various homeowners to do so with a smooth transition.

Hope the above clarifies. May I have more info and requirements about your plans so as 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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0
Hi,

1) The main reason for executive condos that were listed before TOP is the drop-out unit from the developers.
2) Although there are phishing ads from the property agents as well.
3) You should look for an agent to assist you in monitoring drop-out units rather than just calling the listings.
4) These drop-out units must already receive approval from the HDB before they are allowed to be released in the market.

Please give me a thumbs-up if the answer provided is relevant to your main concern. Thanks!!!

Hope the above answers your main concerns, but if there are more queries, 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
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IF you Need Further Help For Property such as Renting / Selling / Buying or Investing ,...

I am Sorry that This platform does not allow me to direct contact you.

To further assist you, please feel free to contact me via WhatsApp at 9856 9255  or through this link: https://wa.me/6598569255.

My services come with no obligations, and I'm here to help with any questions or assistance you need.

You can check out my reviews here: https://www.propertyguru.com.sg/agent/able-s-k-toh-61591.

For buyers, I offer solutions for sourcing resale and new private homes at no charge.

I can connect you with reputable bankers for private housing loans free of charge and with no obligation.

I also have partners to assist with mortgage home insurance matters.

Let's seal this affinity by technology; please PM me your contact for assistance with your real estate needs. So, I believe in Affinity (Chinese word: 缘份) :), let's SEAL this AFFINITY Not by blood but by Technology > Please PM, Private Message your contact so that I CAN BE (EXTRA) PAIR OF HANDS / BRAIN and LEGS to Assist you NOW or FUTURE REAL ESTATE NEEDS!

*** You can reach me at my Singapore mobile: +65 9856 9255  or email me at Able.selling@gmail.com.

From: ABLE Toh- Your Property ASSISTANT :)

“ i am ABLE to Help As Much As You are ABLE To PM (Private Message) me ”

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