View Full Version : Income ceiling raised to S$12,000 for ALL ECs
those who can buy, mai tu liao.... :D
those who cant, start clocking the 30mths wait :p
Income ceiling raised to S$12,000 for all ECs
11:09 AM Sep 14, 2011
SINGAPORE - The Ministry of National Development has announced that with immediate effect, the revised income ceiling of S$12,000 will apply to all Executive Condominiums (ECs), regardless of their launch date.
In a statement released this morning, the MND said: "On Aug 15, we raised the monthly income ceiling to purchase new ECs from S$10,000 to S$12,000 for EC projects which were launched for public sale from Aug 15.
"Our intent was to ensure that the income ceiling would be applied consistently within each EC project.
"We have, however, received many appeals to apply the revised income ceiling of $12,000 to all EC projects, regardless of their launch date for public sale. If approved, this will enable homebuyers to enjoy a wider selection of EC units across projects and locations.
"MND has reviewed the public feedback and agreed that the suggestion was sound. With immediate effect, the revised income ceiling of S$12,000 will apply to all EC projects. At the moment, five EC projects which were launched before Aug 15 still hold about 600 unsold units.
"Potential EC buyers will benefit from a wider choice."
phantom_opera
14-09-11, 12:05
Khaw under pressure from developers ... must give face finally
those who can buy, mai tu liao.... :D
Are you serious?
Are you serious?
I tend to think for home, if eligible, EC seems a better bet than pte, because cheaper. :)
bargain hunter
14-09-11, 13:26
so there will be hot demand for the 600 balance unsold EC units this week? :)
sales figure for PC+EC in Sep should be high.
buttercarp
14-09-11, 13:35
so there will be hot demand for the 600 balance unsold EC units this week? :)
I am sure these will be sold out very soon!
I am sure these will be sold out very soon!
To those whom qualify and able to go after those 600+ balance EC units... Huat Ah!!! Huat Ah!!! ...
Not sure if it is a good time to release relax this rule with the Euros and US crisis. More people may be caught. :scared-4:
those who can buy, mai tu liao.... :D
those who cant, start clocking the 30mths wait :p
Income ceiling raised to S$12,000 for all ECs
11:09 AM Sep 14, 2011
SINGAPORE - The Ministry of National Development has announced that with immediate effect, the revised income ceiling of S$12,000 will apply to all Executive Condominiums (ECs), regardless of their launch date.
In a statement released this morning, the MND said: "On Aug 15, we raised the monthly income ceiling to purchase new ECs from S$10,000 to S$12,000 for EC projects which were launched for public sale from Aug 15.
"Our intent was to ensure that the income ceiling would be applied consistently within each EC project.
"We have, however, received many appeals to apply the revised income ceiling of $12,000 to all EC projects, regardless of their launch date for public sale. If approved, this will enable homebuyers to enjoy a wider selection of EC units across projects and locations.
"MND has reviewed the public feedback and agreed that the suggestion was sound. With immediate effect, the revised income ceiling of S$12,000 will apply to all EC projects. At the moment, five EC projects which were launched before Aug 15 still hold about 600 unsold units.
"Potential EC buyers will benefit from a wider choice."
Not sure if it is a good time to release relax this rule with the Euros and US crisis. More people may be caught. :scared-4:
The way I see it, these people are going to buy anyway cannot be renting or staying with parents indefinitely.... and they are in the sandwich class, too rich for HDB too poor for Private. If they are going to be caught in the crisis, I think they are better off caught with EC rather than a private condo.
At today's psf and cost of living, prices for a decent private may still be a bit squeezy for a $12,000 household income.
The way I see it, these people are going to buy anyway cannot be renting or staying with parents indefinitely.... and they are in the sandwich class, too rich for HDB too poor for Private. If they are going to be caught in the crisis, I think they are better off caught with EC rather than a private condo.
At today's psf and cost of living, prices for a decent private may still be a bit squeezy for a $12,000 household income.
Nope, they can still easily go for HDB resale flats comfortably. It's all about living up to the Jones' for these "neither here, nor there" crowd.
So when will govt review and amend the CM introduced in Jan? Is there even that hope that things will change? :D
phantom_opera
14-09-11, 18:00
it is going to affect 2br asking for 8XXk in OCR ... some will go for EC at less than 700k
Can get 3 bedder EC at 700k?
it is going to affect 2br asking for 8XXk in OCR ... some will go for EC at less than 700k
One very impt question, combined income 12K per month include bonus? Or just monthly income?
phantom_opera
14-09-11, 18:15
Can get 3 bedder EC at 700k?
3br about 750k for 1,055 sqft, still cheaper than OCR 2br private, of course the 30k grant could help here
http://www.propertyguru.com.sg/listing/5861126/for-sale-arc-at-tampines
There will be competitiion.
3br about 750k for 1,055 sqft, still cheaper than OCR 2br private, of course the 30k grant could help here
http://www.propertyguru.com.sg/listing/5861126/for-sale-arc-at-tampines
One very impt question, combined income 12K per month include bonus? Or just monthly income?
Exclude bonus :)
3br about 750k for 1,055 sqft, still cheaper than OCR 2br private, of course the 30k grant could help here
http://www.propertyguru.com.sg/listing/5861126/for-sale-arc-at-tampines
Govt see ATT 2rm sell too well, so come out with this indirect cm? :rolleyes:
All ec are lease hold and location usually not too gd.
My logic is simple, hdb or fh, depending on income,...
But for sandwiched class, ec the best.
phantom_opera
14-09-11, 18:41
Would you buy 915sqft 2br above 800k @ ATT Punggol or Arc Tampines 3br 750k 1,055sqft if your family earns 10-12k per month? Perhaps the 30k grant will sway your decision?
Location of Arc Tampines not bad, Qurry Park view vs Punggol Longkang view :confused: How about reservoir view, is this going to be much higher than Tamasek Poly?
http://arctampines.sg/wp-content/uploads/2011/07/ArcLocation011.jpg
If this removes tthe unsold supply of ECs in the market, it give the developers the perception that they can price the next EC launch higher.
Would you buy 915sqft 2br above 800k @ ATT Punggol or Arc Tampines 3br 750k 1,055sqft if your family earns 10-12k per month? Perhaps the 30k grant will sway your decision?
Location of Arc Tampines not bad, Qurry Park view vs Punggol Longkang view :confused: How about reservoir view, is this going to be much higher than Tamasek [/IMG]
30k grant is very attractive and certainly key to decision making...
bargain hunter
14-09-11, 20:19
tomorrow we shall see what it was like in aug first. then add another 1000 units in total to that number to get sep sales? LOL.
sales figure for PC+EC in Sep should be high.
linchong84
14-09-11, 21:02
Can get 3 bedder EC at 700k?
I remembered 3 bedder EC at pasir ris (belysa) starts at 560k.. Minus 30k grant become 530k.. Cheaper than most 1 bedder pte condo..
Would you buy 915sqft 2br above 800k @ ATT Punggol or Arc Tampines 3br 750k 1,055sqft if your family earns 10-12k per month? Perhaps the 30k grant will sway your decision?
Location of Arc Tampines not bad, Qurry Park view vs Punggol Longkang view :confused: How about reservoir view, is this going to be much higher than Tamasek Poly?
Arc has no view. Blocked by Waterview which will be up before Arc's completed.
linchong84
14-09-11, 21:30
Arc has no view. Blocked by Waterview which will be up before Arc's completed.
Higher ones got reservoir views towards Temasek Poly..
I remembered 3 bedder EC at pasir ris (belysa) starts at 560k.. Minus 30k grant become 530k.. Cheaper than most 1 bedder pte condo..Cheaper than a 5 bedroom HDB is most parts of the island! Hmmm... :p
Cheaper than a 5 bedroom HDB is most parts of the island! Hmmm... :p
Is it pragmatic or populist?
Cheaper than a 5 bedroom HDB is most parts of the island! Hmmm... :p
comes with security guard, swimming pool and tennis court and a fenced up perimeter...
I remembered 3 bedder EC at pasir ris (belysa) starts at 560k.. Minus 30k grant become 530k.. Cheaper than most 1 bedder pte condo..
no 750 psf no talk. going higher.
devilplate
14-09-11, 22:23
Would you buy 915sqft 2br above 800k @ ATT Punggol or Arc Tampines 3br 750k 1,055sqft if your family earns 10-12k per month? Perhaps the 30k grant will sway your decision?
Location of Arc Tampines not bad, Qurry Park view vs Punggol Longkang view :confused: How about reservoir view, is this going to be much higher than Tamasek Poly?
http://arctampines.sg/wp-content/uploads/2011/07/ArcLocation011.jpg
I believe a big portion of pte condo buyers lately r not eligible for EC
If i can buy ec, i surely buy esparina or belysa liao
Lets see future bid for ec gls:D
Btw, arc tamp got zero view
Agree on Esparina. I'll submit my cheque before the launch.
rattydrama
15-09-11, 15:04
Gov encourage singaporeans to quickly buy up ECs... very likely the door for foreign talent is going to open up bigger real soon.
Gov encourage singaporeans to quickly buy up ECs... very likely the door for foreign talent is going to open up bigger real soon.Govt very smart... they appease the locals first by letting them buy EC then invite foreigners to come and buy PC so win win for both. Majority should qualify for ECs now and most others are already staying in HDB. Its only a minority who own PC who are insufficient in numbers to cause a significant impact in the voting numbers! Hmmm.... So govt will just open the flood gates again despite the fact that LHL promised before the GE that the foreigner influx would be checked when he was desperate to appease voters... anything goes man!!! :sleep:
rattydrama
15-09-11, 15:20
y're right. My relative who is a senior audit in one of big 4 still under employment pass and he was rejected twice in the last 2.5 years Once he obtained his CPA and if immigration rejects again..I think he will end his stint in Singapore.
Govt very smart... they appease the locals first by letting them buy EC then invite foreigners to come and buy PC so win win for both. Majority should qualify for ECs now and most others are already staying in HDB. Its only a minority who own PC who are insufficient in numbers to cause a significant impact in the voting numbers! Hmmm.... So govt will just open the flood gates again despite the fact that LHL promised before the GE that the foreigner influx would be checked when he was desperate to appease voters... anything goes man!!! :sleep:
Gov encourage singaporeans to quickly buy up ECs... very likely the door for foreign talent is going to open up bigger real soon.
Agree as lately, there are alot of news reporting on why FTs are needed...:2cents:
Govt very smart... they appease the locals first by letting them buy EC then invite foreigners to come and buy PC so win win for both. Majority should qualify for ECs now and most others are already staying in HDB. Its only a minority who own PC who are insufficient in numbers to cause a significant impact in the voting numbers! Hmmm.... So govt will just open the flood gates again despite the fact that LHL promised before the GE that the foreigner influx would be checked when he was desperate to appease voters... anything goes man!!! :sleep:
Tot LHL says sorry liao....:spliff2:
Tot LHL says sorry liao....:spliff2:Sorry for what?
Powered by vBulletin® Version 4.2.2 Copyright © 2024 vBulletin Solutions, Inc. All rights reserved.