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Thread: Presidential Suite @ City Life Tampines EC

  1. #1
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    Default Presidential Suite @ City Life Tampines EC

    4xxxsqft sky suite .... OMG

    if 500psf also > 2m

    anyone?

    Ride at your own risk !!!

  2. #2
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    Screw up. Tax payer subsidise luxury living!

  3. #3
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    Dunno why whenever I see this name I thought it's a church...

  4. #4
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    Quote 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 ...

  5. #5
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    Quote Originally Posted by carbuncle
    Dunno why whenever I see this name I thought it's a church...
    Yup, same here........

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    Quote 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!

  7. #7
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    Quote 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
    Ride at your own risk !!!

  8. #8
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    this IS city life babes!!!! xxMil public housing

  9. #9
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    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...

  10. #10
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    Assuming somehow u can buy ... does it make investment sense? I would like to hear from gurus here ...

    assuming 550psf ... about 2.4m
    Ride at your own risk !!!

  11. #11
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    this 2.4mil can buy landed le...so i think it is very obvious le.

    Quote 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

  12. #12
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    Quote 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
    Ride at your own risk !!!

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    Quote 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.

  14. #14
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    Quote Originally Posted by carbuncle
    Dunno why whenever I see this name I thought it's a church...
    Same here ....

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    Quote 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.

  16. #16
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    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

    Quote 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.

  17. #17
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    Putting afforablility aside, what on earth does a couple need such a big house? It can house a half a dozen of kids comfortably.

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    Quote 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.

  19. #19
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    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.


    Quote 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.

  20. #20
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    This is a mockery. An EC targeted for 12k income earners comes up with a super luxurious penthouse??

  21. #21
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    Quote Originally Posted by carbuncle
    Dunno why whenever I see this name I thought it's a church...
    city harvest?

    lol
    I took the road less traveled by, and that has made all the difference. - Robert Frost quotes (American poet, 1874-1963)

  22. #22
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    But these prices exclude discount and vouchers. What's the real prices?

  23. #23
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    bullshit.

    and yes it sounds like a church.

  24. #24
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    Quote 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.

  25. #25
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    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?

  26. #26
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    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!

  27. #27
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    Quote 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?
    I took the road less traveled by, and that has made all the difference. - Robert Frost quotes (American poet, 1874-1963)

  28. #28
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    The doctrine of subsidized housing seems to have gone up in smoke
    When you have eliminate the impossible, whatever remains, however improbable, must be the truth

  29. #29
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    Quote 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.

  30. #30
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    Quote 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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