Presidential Suite @ City Life Tampines EC

**phantom_opera** · 22-11-12, 09:23

4xxxsqft sky suite .... OMG

if 500psf also > 2m

anyone?

**leesg123** · 22-11-12, 09:34

Screw up. Tax payer subsidise luxury living!

**carbuncle** · 22-11-12, 09:37

Dunno why whenever I see this name I thought it's a church...

**bakasa2002** · 22-11-12, 09:38

Originally Posted by phantom_opera

4xxxsqft sky suite .... OMG

if 500psf also > 2m

anyone?

Wah

IS this for real? I think SingXpress screw up again ... Gonna create the wrong headlines and invite KBW to shoot it down again ...

**buttercarp** · 22-11-12, 09:43

Originally Posted by carbuncle

Dunno why whenever I see this name I thought it's a church...

Yup, same here........

**buttercarp** · 22-11-12, 09:45

Originally Posted by phantom_opera

4xxxsqft sky suite .... OMG

if 500psf also > 2m

anyone?

I think they should lift the income ceiling for this type of unit.
I feel that they are sending the wrong signal.
How in the world can you afford to pay off the mortgage comfortably with a monthly combined income of $12k per month!

**phantom_opera** · 22-11-12, 09:46

Originally Posted by buttercarp

I think they should lift the income ceiling for this type of unit.
I feel that they are sending the wrong signal.
How in the world can you afford to pay off the mortgage comfortably with an annual combined income of $12k per month.

rich dad, rich young chap, compete directly with 1m HDB

**carbuncle** · 22-11-12, 09:49

this IS city life babes!!!! xxMil public housing

**lajia** · 22-11-12, 09:51

I think it is time for them to modify the policy. If buy EC above certain quantum which exceed their affordibility calculation (12K household income limit), then they should'nt be entitled to any grants...

**phantom_opera** · 22-11-12, 09:52

Assuming somehow u can buy ... does it make investment sense? I would like to hear from gurus here ...

assuming 550psf ... about 2.4m

**lajia** · 22-11-12, 10:01

this 2.4mil can buy landed le...so i think it is very obvious le.

Originally Posted by phantom_opera

Assuming somehow u can buy ... does it make investment sense? I would like to hear from gurus here ...

assuming 550psf ... about 2.4m

**phantom_opera** · 22-11-12, 10:04

Originally Posted by lajia

this 2.4mil can buy landed le...so i think it is very obvious le.

landed 2000sqft?? another consideration will be whether this is dual key or simply just a penthouse ... a lot of space probably wasted with the open roof terrace

**buttercarp** · 22-11-12, 10:08

Originally Posted by lajia

this 2.4mil can buy landed le...so i think it is very obvious le.

And it is LH99 y .
So which Singaporean in the right mind will buy?
Sorry, to those who are intending to buy.
Please enlighten me.

**bakasa2002** · 22-11-12, 10:09

Originally Posted by carbuncle

Dunno why whenever I see this name I thought it's a church...

Same here ....

**4wheels** · 22-11-12, 10:27

Originally Posted by buttercarp

I think they should lift the income ceiling for this type of unit.
I feel that they are sending the wrong signal.
How in the world can you afford to pay off the mortgage comfortably with a monthly combined income of $12k per month!

if cannot, then don;t buy!

Cannot lift the income, otherwise, there will be $5m EC.

**bargain hunter** · 22-11-12, 10:35

sis, there are several LH 99 units which were sold at high quantum, but none for EC with a 12k cap of course.

e.g for LH99 (non-EC):

Kovan Residences: 3 units for 4xxx sq ft were sold for 3.65m, 4.2m and 4.2m.
The Minton: 3552 sq ft, 3m.
Parc Centros: 2906 sq ft 2.9m.
A Treasure Trove: 3 units of 48xx sq ft sold at 2.7m+ each.

last but not least,
WATERTOWN: 1475 SQ FT $2,417,280

Originally Posted by buttercarp

And it is LH99 y .
So which Singaporean in the right mind will buy?
Sorry, to those who are intending to buy.
Please enlighten me.

**bsslang** · 22-11-12, 10:41

Putting afforablility aside, what on earth does a couple need such a big house? It can house a half a dozen of kids comfortably.

**buttercarp** · 22-11-12, 10:49

Originally Posted by bargain hunter

sis, there are several LH 99 units which were sold at high quantum, but none for EC with a 12k cap of course.

e.g for LH99 (non-EC):

Kovan Residences: 3 units for 4xxx sq ft were sold for 3.65m, 4.2m and 4.2m.
The Minton: 3552 sq ft, 3m.
Parc Centros: 2906 sq ft 2.9m.
A Treasure Trove: 3 units of 48xx sq ft sold at 2.7m+ each.

last but not least,
WATERTOWN: 1475 SQ FT $2,417,280

Thanks for the detailed price list!
But those are real condos.
EC is bound by the 5 y MOP.
Then it takes 10 years before it attains private status.

**bargain hunter** · 22-11-12, 10:54

yeah. unless its priced under 2m. that EC unit prob more like giant roof terrace rather than giant penthouse hahaha.

those prices are actual transactions that took place in the past 2 years. most prob bot for own stay. feels very difficult to re-sell at an even higher quantum.

Originally Posted by buttercarp

Thanks for the detailed price list!
But those are real condos.
EC is bound by the 5 y MOP.
Then it takes 10 years before it attains private status.

**kane** · 22-11-12, 10:55

This is a mockery. An EC targeted for 12k income earners comes up with a super luxurious penthouse??

**roly8** · 22-11-12, 11:07

Originally Posted by carbuncle

Dunno why whenever I see this name I thought it's a church...

city harvest?

lol

**newbie11** · 22-11-12, 11:46

But these prices exclude discount and vouchers. What's the real prices?

**ilgr** · 22-11-12, 12:35

bullshit.

and yes it sounds like a church.

**august** · 22-11-12, 13:50

Originally Posted by phantom_opera

Assuming somehow u can buy ... does it make investment sense? I would like to hear from gurus here ...

assuming 550psf ... about 2.4m

more for own stay, not investment.

**Trigger** · 22-11-12, 14:39

What's the maximum loan a first-timer couple earning 12k/mth can qualify for? Can't be 2.4M, so presume the rest has to be paid in cash? Or rich dad is guarantor for loan?

**bakasa2002** · 22-11-12, 15:11

anyone got floorplan for this GIANT EC ph? Wld love to take a look.

To put things into perspective, it is almost 4x standard HDB 5rm 110sqm flat size! Even w DK and double storey, it will be HUGE!

**roly8** · 22-11-12, 15:25

Originally Posted by bakasa2002

anyone got floorplan for this GIANT EC ph? Wld love to take a look.

To put things into perspective, it is almost 4x standard HDB 5rm 110sqm flat size! Even w DK and double storey, it will be HUGE!

how much are they selling?

**sherlock** · 22-11-12, 17:05

The doctrine of subsidized housing seems to have gone up in smoke

**focus** · 22-11-12, 17:42

Originally Posted by phantom_opera

4xxxsqft sky suite .... OMG

if 500psf also > 2m

anyone?

I would if they allowed me .. But Dont want if it's one floor staying.. one floor rooftop.
Unfortunately.. i've gotten the penthouse at one of the EC!

But fated one... most probably it will be one of those landed owners soon to be married children taking up the penthouse.

**Pikachu1245** · 22-11-12, 18:50

Originally Posted by buttercarp

I think they should lift the income ceiling for this type of unit.
I feel that they are sending the wrong signal.
How in the world can you afford to pay off the mortgage comfortably with a monthly combined income of $12k per month!

Perhaps these are meant for those who are actually rich but somehow declared household income below 12K? Surely these people can afford to buy. Not sure if it will trigger IRAS though

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