View Full Version : Why would anyone buy PC if they are eligible for EC?
With the price of EC being 15-20% lower than PC in general, and closing up the design gaps these days, why would anyone who eligible for EC buying PC? Anyone you know eligible for EC buying PC?
alot of hdb upgrader are buying up the EC..
:tongue3:
thus, it close up the gap between EC and PC
buttercarp
08-12-12, 12:30
With the price of EC being 15-20% lower than PC in general, and closing up the design gaps these days, why would anyone who eligible for EC buying PC? Anyone you know eligible for EC buying PC?
Not everyone is eligible to buy EC.
If I can, without having to fulfill all those requirements, I will also buy one, ok?
http://www.hdb.gov.sg/fi10/fi10321p.nsf/w/BuyingNewFlatEC?OpenDocument
proud owner
08-12-12, 12:30
With the price of EC being 15-20% lower than PC in general, and closing up the design gaps these days, why would anyone who eligible for EC buying PC? Anyone you know eligible for EC buying PC?
EC has a 5 yr (cannot sell) restriction..
if you are eligible to buy EC and have NO intention of investing in more properties ... then you buy EC..
otherwise ..PC is the way to go
Use to be 5% quota for 2nd timer now is more but still there is queue nos.
phantom_opera
08-12-12, 12:35
actually with the 4y SSD, the diff narrows
new EC wait 2-3y construction, 5y MOP so can only sell after 7 or 8y
new PC 4ySSD ... by the time construction over can sell liao
the key problem of EC is lousy location, more for own stay than investment :mad:
I think the reason why big or DK units are popular because it is so expensive that young couples need to buy jointly with parents to share the load :scared-4:
I think the reason why big or DK units are popular because it is so expensive that young couples need to buy jointly with parents to share the load :scared-4:
thus, it attract hdb upgrader..
parent sell old hdb and join children to live in new EC..
Hot spot like Punggol EC price shot up from 680psf to 750psf in just 1 year, while PC are price between 850psf to 930psf.
There is a lack of EC in many area in the west, north, north center and some north east area like Hougang(Kovan), Serangoon, cheap ppty sure a lot ppl will go for it, only location just can't meet many buyer needs.
proud owner
08-12-12, 13:09
Hot spot like Punggol EC price shot up from 680psf to 750psf in just 1 year, while PC are price between 850psf to 930psf.
There is a lack of EC in many area in the west, north, north center and some north east area like Hougang(Kovan), Serangoon, cheap ppty sure a lot ppl will go for it, only location just can't meet many buyer needs.
some older ECs are pretty good
like Windermere ..at CCK ... next to primary school , walking distance to MRT ( mainline ) ..
and cheaper
Looking at 2000s TOP n 2010s onwards projects including EC/PC in most area in Sg, not considering their size n bay window or current big air-con ledge but just base on design of building facade with full glass window n balcony make the development looks more modern.
http://www.moneysmart.sg/housing-property/executive-condominiums-consider-the-down-sides-too/
During my time, the EC s are located in punggol (10 years ago when there is no shopping centers, KPE or MRT ), yew tee or near NTU, etc. I got friends who bought these EC s and most of them are fully paid up by now. As for me, I chose to buy a pc (next to mrt) because I'm too lazy to spend time on traveling. :p
Pole who wanna keep both properties can only choose PC over EC.
Cyberknight
08-12-12, 15:50
Buy EC can't keep HDB flat for passive income.
Buy EC if any up side of prices in 5 yrs time can't sell.
Buy EC if financial distress, wan to sell also kena. Dunno wat restrictions.
But EC cheaper than PC.
Only urself hve the answer!
my best move : do nothing
hahahaha!!! :D
Not everyone is eligible to buy EC.
If I can, without having to fulfill all those requirements, I will also buy one, ok?
http://www.hdb.gov.sg/fi10/fi10321p.nsf/w/BuyingNewFlatEC?OpenDocument
Totally agree. If I can buy I will also buy one :cheers4:
EC has a 5 yr (cannot sell) restriction..
if you are eligible to buy EC and have NO intention of investing in more properties ... then you buy EC..
otherwise ..PC is the way to go
Good point. Is it like beside not able to sell within 5 yrs, the owner also cannot buy another PC during the MOP?
http://www.moneysmart.sg/housing-property/executive-condominiums-consider-the-down-sides-too/
This one make me laugh. :D By the way do you guys agree with this?
An EC is just like a real condo, with all the facilities. So when it’s time to sell, an EC will attain condo prices, right?
Sure, if we apply logic. But Singapore’s property market respects logic like a Chinese factory respects work-life balance. It doesn’t matter that ECs also have private developers, or that ECs have the same facilities. They won’t fetch the same resale value as private condos.
Here’s an e-mail from I got from a property agent, who summarizes the mentality:
“The mentality of Singaporeans is that EC cannot be worth as much as private condo. If resale ECs try to reach condo prices, the private condos will just go up further. If you are a seller, will say ‘My private condo should sell at EC price’?”
EC is 99 LH
PC you could have FH
If you already own HDB, buy EC means you will need to sell HDB.
But buy PC, you can still keep your HDB (at least the current rule says so).
EC from developers need to wait 3years construction.
Resale EC is selling close to PC price.
buy EC 5 years can't buy PC. Also many older families don't qualify due to the income cap of $12k
bakasa2002
08-12-12, 17:49
EC from developers need to wait 3years construction.
Resale EC is selling close to PC price.
New PC from developers also need to wait 3 years right? :)
New PC from developers also need to wait 3 years right? :)
For those who need to move in immediately.
My 2nd statement explains it.
EC from developers need to wait 3years construction.
Resale EC is selling close to PC price.
This lead to my next question: Do we expect resale EC price to be on par with PC price?
With so many EC launched these 2 years, what will be the impact in 2020 when these EC are open for sales in secondary market?
buy EC 5 years can't buy PC. Also many older families don't qualify due to the income cap of $12k
Yea this could be one of the main reason. Consider 3 yrs construction + 5yrs MOP, it deters those cash rich and high flyer 1st timer.
Ec is just like hdb. Why do u want to buy an overpriced hdb and work like mad to pay for it? I will keep my underpriced hdb, get a pc and start earning passive income immediately. No need wait for ssd, mop, whatever to expire.
And say u got a ec. After that make money sell off. Stay where? Buy pc? Start debt again? Buy hdb, downgrade?
Ec is just like hdb. Why do u want to buy an overpriced hdb and work like mad to pay for it? I will keep my underpriced hdb, get a pc and start earning passive income immediately. No need wait for ssd, mop, whatever to expire.
And say u got a ec. After that make money sell off. Stay where? Buy pc? Start debt again? Buy hdb, downgrade?
i thought after certain x years, the EC become like a 99LH PC?
:o
i thought after certain x years, the EC become like a 99LH PC?
:o
Yes ten years. If buy pc and rent out, keep the hdb, u got calculate which one more worth it.
First house is an expense. Second house then is investment. Buy ec is limiting yourself to one house.
Sorry i am toking from matured buyer perspective. If just married and income too high for bto, then u r indeed f-ked.
Yes ten years. If buy pc and rent out, keep the hdb, u got calculate which one more worth it.
First house is an expense. Second house then is investment. Buy ec is limiting yourself to one house.
Sorry i am toking from matured buyer perspective. If just married and income too high for bto, then u r indeed f-ked.
ohok..i forgot 10yr cannot do anything..
EC is so exp nowadays..
:o
With the price of EC being 15-20% lower than PC in general, and closing up the design gaps these days, why would anyone who eligible for EC buying PC? Anyone you know eligible for EC buying PC?
cos they have a hdb satisfied mop and wish to rent out hdb and own a pc...if u buy ec got to sell ur hdb..:rolleyes:
Ec is just like hdb. Why do u want to buy an overpriced hdb and work like mad to pay for it? I will keep my underpriced hdb, get a pc and start earning passive income immediately. No need wait for ssd, mop, whatever to expire.
And say u got a ec. After that make money sell off. Stay where? Buy pc? Start debt again? Buy hdb, downgrade?
While DBSS is like HDB in better location, I certainly do not agree that EC is like HDB because eventually it will be privatized and attain private status.
cos they have a hdb satisfied mop and wish to rent out hdb and own a pc...if u buy ec got to sell ur hdb..:rolleyes:
Yup thats was what made me skipped the EC exactly. Get a resale, immediately collect rental. :cheers3:
u can buy 2 PCs at the same time but not 2 ECs. :D :cheers5:
Ec too restrictive. How many yrs (in ur life with other priorities) have u got to wait out those restrictions?
While DBSS is like HDB in better location, I certainly do not agree that EC is like HDB because eventually it will be privatized and attain private status.
DBSS remind me of the BTO flat build right beside a DBSS in clementi
the price difference?
BTO is cheaper by almost 50% .. lol!!! :D
EC is a good option for 1st timer and upgraders. It served the purpose for own stay. The 8 years isn't restrictive for these people. It is never meant to be a short-term investment.
But it can be risky for people who does not have enough financial buffer during the 8 years.
actually with the 4y SSD, the diff narrows
new EC wait 2-3y construction, 5y MOP so can only sell after 7 or 8y
new PC 4ySSD ... by the time construction over can sell liao
the key problem of EC is lousy location, more for own stay than investment :mad:
I think the reason why big or DK units are popular because it is so expensive that young couples need to buy jointly with parents to share the load :scared-4:
Well with so much development in the MRT and Expressways. a EC by time hit a maturity of 10yrs the location might become very good. So could be a GEM that is being uncovered. look at the pungol ECs. Those earily days.. use to be ulu
now have KPE, have the park, have MRT , and a waterfront development plan coming. Suddenly so happening. and all after 10-12 yrs.
So its in inline with the EC objective for stay. not speculation.
buttercarp
10-12-12, 09:43
Punggol got old EC meh?
I don't think so.
The nearest old EC to Punggo will be The Florida at Hougang Ave 7.
http://webcache.googleusercontent.com/search?q=cache:d4ZkWA7kJiUJ:www.singaporerealestate.info/blog/2010/04/13/list-of-executive-condos-in-singapore/+list+ec+in+singapore&cd=1&hl=en&ct=clnk&gl=sg
I don't think so.
The nearest old EC to Punggo will be The Florida at Hougang Ave 7.
http://webcache.googleusercontent.com/search?q=cache:d4ZkWA7kJiUJ:www.singaporerealestate.info/blog/2010/04/13/list-of-executive-condos-in-singapore/+list+ec+in+singapore&cd=1&hl=en&ct=clnk&gl=sg
Hougang is quite far from punggol.
Hougang is quite far from punggol.
Yup that puzzled me when 2 bros in this thread mentioned Punggol EC. ;)
I don't think so.
The nearest old EC to Punggo will be The Florida at Hougang Ave 7.
http://webcache.googleusercontent.com/search?q=cache:d4ZkWA7kJiUJ:www.singaporerealestate.info/blog/2010/04/13/list-of-executive-condos-in-singapore/+list+ec+in+singapore&cd=1&hl=en&ct=clnk&gl=sg
florida is a pretty nice place.. 400k+ when new.
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