AskGuru Q&A Community

Hi,

have you met your HDB MOP? If so, as Lakelife is an EC, booking a EC unit means you have to sell your HDB within 6 months of key collection to Lakelife EC. You are eligible for maximum 80% loan since it is understood you have to sign an undertaking to sell the HDB unit.

If you wish to keep both, will you consider Lakeville Private Condo as an alternative? will be glad to share with you the starbuys of the project and units with the best discounts, and also illustrate the financial calculations. Thanks and hope to speak soon.

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

Good evening,

Do take note that Lakelife is an EC thus you have to sell off your current HDB within 6 months from TOP or key collection of Lakelife EC.

In order to apply for Lakelife EC, you must first fulfill your HDB's applicable MOP. Have you?

Secondly, application for Lakelife EC has closed so you only can select the balance units after next week's launch.

FYI as long as you sign an undertaking letter to state that you will sell off your HDB within the stipulated period after TOP or key collection of any new property, you will be able to obtain 80% loan.

Maybe you can share more information on your requirements and situation so I will be in a better position to advise you further.

Hope to hear from you soon!

Warmest Regards,
YT TAN 陈永达 | ACCA Graduate, RES
District Director
ECG Property Pte Ltd
(M): +65 9111 5171 
(E): yt.lovelyhomes@gmail.com
(W): www.yttan.com Read More

Hi, Lakelife EC is my company project and I would be most glad to assist you further. The showflat is now closed but I believe there will still be 4 bedroom unit available for you to choose. Pls feel free to let me know if you need any assistance.

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

Hi.
You have to sell off ur hdb when lakelife top.
Yes there are still units available.
Feel free to call.me at 91442664  for further discussion.
Tricia Tan propnex
 659144 2664  Read More

Hi,

In order to give you the best advice, maybe you can contact me and let me know the following:

1. When is the Minimum Occupation Period ending for your existing HDB flat? Or you can let me know when you bought the flat and I can calculate for you.

2. Are you able to clear the outstanding loan before Apr 2016, i.e. early redemption?

3. Did you take a grant when buying your existing flat or was it bought directly from HDB?

4. Have you considered Deferred Payment Scheme as this might help you with the finance situation?

5. Did you use CPF funds to pay for your existing flat? If yes, things might be more complicated than you might think.

As buying a home has many considerations, I would prefer to have a clear understanding of your situation before I will give any advice.

Feel free to contact me and we can discuss more.

Andy Chua
 9068 0898 
findmynest@gmail.com
www.findmynest.sg Read More

Hi, up to 80% loan can be granted for 1st property loan. Hence you have to wait till you cleared your hdb loan. Dont forget about the MOP of your hdb flat.

Btw, have you got you IPA for the purchase of private condo? I am able to assist you to workout the
estimated monthly installment as well as the financial workout.

I am reachable at my mobile or email.

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

Hi,

Lakelife is an executive condominium, and there are some criteria to meet before you can apply for it.

These are some of the main criteria to fulfill:

1) You must have served your 5 years MOP if you had taken housing grant for your current HDB.

2) In the case if you did not take any housing grants for your current HDB, your MOP of your current HDB should not be beyond December 2017.

3) Your combined household monthly income should not exceed $12,000.

Also, you will need to sell off your HDB upon TOP of Lakelife as you are not allowed to keep both.

Loan-wise, the 30% MSR will be in placed, on top of the 60% TDSR.

There are also 2 types of payment schemes: Normal Progressive Payment and Deferred Payment Scheme.

Price list is out for 4BR in Lakelife too.

I am very focused in Jurong HDB resale, and also actively involved my company's project Lakelife EC. Have been gathering interest for the past year.

Should you need help in assessing your options, do call me at 97486305  .

Best regards,
Robbie Chen
PropNex Realty Read More