AskGuru Q&A Community

Eligibility is a concern when it comes to BTO or EC, and if we assume that they are eligible for both, subject to their household income being under the ceiling but yet able to secure sufficient home loan for the purchase, I'd recommend to look into EC as it will privatise in due course where they will be able to ride on the market trend better instead of HDB, where the primary objective is to be affordable as public housing scheme.

If you are looking for best appreciation potential, actually a private condominium is likely a better prospect given that entry price for some private condo is very close to EC.

I have been in the real estate business since 2009, with more than 10years of experience serving the Singapore real estate market.

I am very active in the residential segment of Singapore real estate market, having transacted hundreds of deals from HDBs to private condominiums and landed properties in Singapore, and have handled many unique cases in sales and purchases as well as rental deals.

Over the years, I have also established a network reaching out to more than 9,400 expatriates, bringing my market presence to both in and outside of Singapore. This has created an additional exposure when I manage my client's portfolios, on top of the conventional on and offline platforms, where other estate agents are relying on. This has allowed me to consistently convert leads into results.

With an evolving market, where change is the only constant, I have also been investing in upgrading of my knowledge and skills sets to improve myself and meet the demands of current and future market.

We are offering our clients a complimentary first consultation without obligations (Absolutely FREE!). Schedule for your FREE session today!

Warmest regards,
Geryl Lim
Associate Deputy Group Director
Salesperson Registration No. R014783H
Email: geryl.lim@orangetee.com / geryl7772@gmail.com
OrangeTee & Tie Pte Ltd 430 Lorong 6 Toa Payoh #01-01 OrangeTee Building Singapore 319402
Estate Agent Licence No. L3009250K
[main] +65 6471 8888  [mob] +65 81577565  [LDA] +65 92787772 
www.geryllim.com
-----
Note: We value your home as much as you do! Find out the indicative value of your home at http://bit.ly/UrHomeMatters and get monthly update on your home value. Restructure your portfolio with us, speak to us!

Tenants can visit http://bit.ly/SGExpatRental (Official Rental Requirements - Singapore Expatriates) to indicate your rental requirements.

Visit and Like my facebook page at https://www.facebook.com/GerylLimSince2009/ - Aspiring To Be The Best Real Estate Agent In Singapore

Pick up knowledge, skills and Real Estate concepts at https://www.facebook.com/RealEstateXcellence/

New Singapore Expatriates on facebook is up and running. Come join us at https://www.facebook.com/groups/newsgexpats/

My self introductory video on https://www.youtube.com/watch?v=uZ6REQfdGSw
-----
Landed Dynamic Alliance
Home of *7772 Hotline
Check out our latest Landed Dynamic Alliance 7772 mobile application on iOS or Android @ http://l.ead.me/7772 Read More

Hi,

1) When looking at the appreciation rate, EC has a better appreciation compare to the HDB.
2) I'm saying this by looking at the past 15 years' market trend.
3) Total appreciation of an EC is 184%, whereas HDB is 119% across a 15 yrs trend.
4) Although looking at the percentage seems ok, but if you look at the psf, you might have a different opinion.
(a) 2002 EC avg psf is $363, 2021 EC avg psf is $1,031; total incease of $668 psf.
(b) 2002 HDB avg psf is $219, 2021 HDB avg psf is $479; total increase of $260 psf.
5) By looking at the numbers it is not difficult to choose.
6) However due to scarcity of resources, we have to balance the limited resources against needs.
7) Honestly speaking if they intend to receive their own accommodation in the next 5~6 years, seems like BTO cannot meet their timeline.
8) The current BTO completion had extended from normal 3 yrs to 6 yrs. And we are still not able to know when this is coming back to the norm.
9) Even when BTO completion back to the norm next year (2022), the new launch BTO will still be affected by the backlog currently accumulate.
10) I would doubt the HDB will increase their cost to speed up the buildings even after the pandemic subsided.

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

Dear Sir/Mdm,

If you are able to afford comfortably then it will be advisable for them to get a brand new EC as the potential profit that they can get is much higher as compared to a BTO.

They may wish to take a look at Parc Greenwich EC as this is a project with a lot of upside potential. Please feel free to contact so that I can share with you more about this project and also find out more about their objectives.

Regards,
Nick Tan
(M) +65 9644 4854 
B.Eng(Chemical)(Hons)(NUS)
Cert-in-REA
(E) nick96444854@gmail.com
SEAA Salespersons Achievement Platinum Award 2020
Visit my website to know me better: www.nicktan.com.sg

I was featured recently on Council for Estate Agencies (CEA) Newsletter:
http://bit.ly/CEAnews

I have written a guide on buying Residential Property:
http://bit.ly/buypropertyguide

Testimonial from Satisfied Clients
“Nick is a responsible, efficient and excellent salesperson. He has very good knowledge of the real estate market and I benefited a lot from his advice and sharing. He is extremely patient when guiding me through the buying process and I am happy to secure a dream house within my budget with his assistance. A highly recommended salesperson who made my house hunting journey a breeze.”
Ms Chia (Buyer)

“Nick provides a delightful customer experience from day one when I engage him as my agent to look for a flat of my choice to the completion of the deal. He is competent, resourceful and has a pleasant manner to work with. He is the Agent of my choice in dealing with properties and I would highly recommend him to others who would appreciate an agent that takes care and can give the customer a peaceful mind.”
Susana (Buyer)

“Nick is very pro-active in helping us to resolve whatever questions and problems that we encountered. All the issues are settled even before us having to request or ask for a second time. He was very frank and transparent with all the details, limitations and advantages that we wouldn’t have known. I think this is the most important virtue to be successful in this line. I will surely recommend him to anyone who needs his service because I trust that they will be equally satisfied!!”
Mr and Mrs Chan (Sold and Bought a property through Nick)

“We are very grateful to Nick for his extensive marketing efforts. With his comprehensive marketing plan, he helped us to achieve a record selling price within 2 weeks of listing our property for sale! We highly recommend his service to anyone who is keen to sell their properties.”
Mr & Mrs Wong (Property Seller)

“Nick has conducted himself ethically and professionally when handling the sales of our property. Thanks to his patience and perseverance, we managed to secure a sales price beyond our expectations.
We are very happy and satisfied with his services and will definitely recommend him to our friends and family in the future.”
Mr & Mrs Tan (Seller of Inter-Terrace House) Read More

Good afternoon!

Given a choice between BTO and EC, EC would be the option to go for. Simply put, EC will yield a better profit as compared to most BTOs. The reason I say most is because in the event they manage to secure a HIGHLY sought after BTO (similar to Duxton, Skyterrace@Dawnson), they could also generate high profits from such BTOs. But of course, the chances of getting a good ballot number and securing a unit in such a project is very slim.

If you study the transactions of past ECs, you would see that owners got a handsome profit and most of them end up upgrading to private condos, landed or even doing a "decoupling" and buying 2 properties - 1 for own stay and 1 for investment.

EC is a stepping stone to upgrade comfortably, own a diversified property portfolio and plan for retirement.

There is a new EC (Parc Greenwich) upcoming in Fernvale, at Sengkang. Should you wish to know more details on this project, do let me know and I can send you the E-brochure and website for you to go through.

I look forward to hearing from you!

Bhavina Kaur
ERA Realty

Mobile: +65 91708295 
Email: bhavina7777@gmail.com
Website: http://91708295.eraagent.sg
Facebook: www.facebook.com/investbuysellrent
Whatsapp: wa.me/6591708295 Read More

Hi,

If location is not a concern, they may wish to apply for an EC.

If location is important, they may wish to consider BTO in more favorable locations. Of course, these BTO flats are highly sought-after, and will definitely be heavily over-subscribed.

If you are looking to help them out for downpayment, they may even commit to a private, and rent the unit out for the next 4-5 years until they get married. The rental gained over the next few years (plus the potential profits from the sale) can be quite substantial and could help them purchase their next property when it is time for them to get married.

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 9748 6305  . I will be happy to assess and share with you the possibilities for you in the current market.

Thank you.

Best regards,
Robbie Chen
 9748 6305 
PropNex Realty Read More

Hi, do contact me at 97970200  to discuss more

Mark, your RIGHT choice
Propnex Read More