A project pricing is based on many factors such as land costs and so on.
As for Executive Condominiums (ECs) as an investment, you must fulfil the Minimum Occupation Period (MOP) before an EC can be sold.
ECs are comparable to private condominiums in terms of design and facilities. They are built and designed by private developers for higher-income Singaporeans.
An EC can be sold in the open market after it has met its 5-year Minimum Occupation Period (MOP). This is computed from the date of issuance of the Temporary Occupation Permit (TOP). After the 5-year MOP, from the 6th to 10th year, ECs can be sold in the open market to Singaporeans and PRs only.
After the 10th year, it can be sold in the open market to foreigners and corporate bodies.
Hope this answers your question.
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, if it is for investment purpose and not really for stay, it is advisable that you go for a new launch project instead and that will maximise your capital appreciation. Hope to be able to share more with you.
Why Watercolours? Buying for home stay or investment does come with a different set of considerations.
You may text 9620 0827 for a casual chat.
Prices remain low and stagnant for various reasons. It's only through proper research that you will understand further and make a more informed judgement and decision.
May I know what's your objectives and expectations for this investment?
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.
The price of Watercolours EC has increased quite significantly since the launch and although it may seem affordable but if it is for investment purposes, they may not be the best option in the market currently.
Please feel free to contact me so that I can understand your objectives and share with you more analysis of the market.
(M) +65 9644 4854
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:
I have written a guide on buying Residential Property:
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.”
“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)
I will be glad to assist
Appreciate if you can contact me at (65) 96608508 or Silviayang8@gmail.com
or click here https://bit.ly/WaSilvia to whatsapp me for no obligation discussion
Senior Marketing Director
ERA Realty Network Pte Ltd
Mobile: (65) 9660 8508
Yes you are right. Watercolours now still seems affordable but lets not forget the price has gone up significantly since launch day and it remains stagnant now. So consider very very carefully if you are buying for investment purpose.
Kindly contact me at 9726 1112 for a non obligation discussion I would be glad to assist you further (with data, facts and figures ofcos:)
Thank you and best regards,
ERA Realty Network Pte Ltd