Asked by Anonymous
What is the difference between buying a resale EC vs buying a private condo? Are there different fees when buying / selling?
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4 Answers
Good morning Sir/ Mdm,
there wont be any difference if you buy a privatised resale EC or private condo.
There will be if at different stages for resale EC.
Only eligible buyers that are able to form family nucleus able to buy resale EC within MOP.
Resale EC that are 5 to 10 years old (before privatisation) are only open up for SC or SPR.
Legal fees are about the same. Only varies slightly between law firms.
Hope my sharing helps in aiding in your enquiry. May I know how can I value add further in your property needs?
Best regards,
YT Tan
Property Kaki
You dream. I create. We make it happen!
Association of Chartered Certified Accountants Graduate
Singapore Accredited Mortgage Planner
Contact:
Mobile: 91115171
Email: yt.tan91115171@gmail.com
Do follow me on:
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YouTube: https://bit.ly/Youtube_PropertyKaki
To find out what’s the estimated valuation of your existing house, try our SRX property tracker.
You will receive free sms update on a monthly basis.SRX property tracker: http://bit.ly/yt_proptrack Read More
there wont be any difference if you buy a privatised resale EC or private condo.
There will be if at different stages for resale EC.
Only eligible buyers that are able to form family nucleus able to buy resale EC within MOP.
Resale EC that are 5 to 10 years old (before privatisation) are only open up for SC or SPR.
Legal fees are about the same. Only varies slightly between law firms.
Hope my sharing helps in aiding in your enquiry. May I know how can I value add further in your property needs?
Best regards,
YT Tan
Property Kaki
You dream. I create. We make it happen!
Association of Chartered Certified Accountants Graduate
Singapore Accredited Mortgage Planner
Contact:
Mobile: 91115171
Email: yt.tan91115171@gmail.com
Do follow me on:
IG: instagram.com/propertykaki
FB: https://www.fb.com/propertykaki/
YouTube: https://bit.ly/Youtube_PropertyKaki
To find out what’s the estimated valuation of your existing house, try our SRX property tracker.
You will receive free sms update on a monthly basis.SRX property tracker: http://bit.ly/yt_proptrack Read More
Hi,
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.
Regards
Aaron Chong
9730 8455
aaronchong2774@yahoo.com.sg Read More
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.
Regards
Aaron Chong
9730 8455
aaronchong2774@yahoo.com.sg Read More
Hi,
1) There is no difference in terms of loan assessment, bank loan percentage, down payment, stamp duty, and so on.
2) A resale EC under 10 yrs from TOP can only sell to SC or SPR and not foreigners.
3) A resale EC at over 10 yrs from TOP is exactly the same as a private residence.
4) The main difference between a resale EC vs a private condo is mainly the psf.
5) Most ECs are located away from public connectivity especially the MRT. But some of the private condos have better public connectivity to MRT such as the Kovan residences for example.
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
1) There is no difference in terms of loan assessment, bank loan percentage, down payment, stamp duty, and so on.
2) A resale EC under 10 yrs from TOP can only sell to SC or SPR and not foreigners.
3) A resale EC at over 10 yrs from TOP is exactly the same as a private residence.
4) The main difference between a resale EC vs a private condo is mainly the psf.
5) Most ECs are located away from public connectivity especially the MRT. But some of the private condos have better public connectivity to MRT such as the Kovan residences for example.
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
1
Hi,
A resale EC that the first owners had met the MOP is considered as a private condo. There is no difference in terms of max loan, downpayment, TDSR, and stamp fees.
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
A resale EC that the first owners had met the MOP is considered as a private condo. There is no difference in terms of max loan, downpayment, TDSR, and stamp fees.
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