$828psf ??? how to sell ???Originally Posted by mightyleftfoot
Got a flyer last night on my windscreen, unnamed property but location looks to be Esparina.
It says from $828psf onwards.
U make the sums...
Over heated. Time to stand down.
Newbie
$828psf ??? how to sell ???Got a flyer last night on my windscreen, unnamed property but location looks to be Esparina.
It says from $828psf onwards.
U make the sums...
Over heated. Time to stand down.
Newbie
This is a question not for us to ask... It is a developer problem.
The right question is "How to buy?"
Exalted
dun buy lor
Newbie
But for those can't effort private condo but want to stay in condo... How?dun buy lor
Isn't EC was meant for that?
Junior
Buy 2nd hand lor
Exalted
still got cheap EC like chestervale leh....
Junior
Cheap condo also have
Emeritus Senior
I won't choose this projectstill got cheap EC like chestervale leh....
Senior
EC sell at private condo prices is sheer madness.
Exalted
willing seller willing buyer mah...
lets see wats the final launch price...i still tink its gona be 700psf on average
Newbie
The pricing for this will be interesting as the developer of the plot in Punggol will be watching closely on the response. There is also a plot at Punggol Drive that will be released later this year. There are Big Signs put up already. That one will be interesting as the 'river' flowing through Punggol should be close to completion by launch time.
Newbie
buyer can't even flip within 5 yrs time and applicants are subject to 10k combined income limit.....
it sure is pushing it....
Newbie
Price increase of ECs is expected as the overall property landscape has changed. However, the thing that needs to be reviewed is the income limit to be in tandum with the change in price.
Senior
Garment is not revising the income limit upwards as the average income has not gone up substantially. On the other hand, they have problem with those immigrant turns PRs or citizens which may fall into this lower category whereby they are mostly a single family income. I know of new citizens whereby the wife will resign from their job and purchase a flat first in order to be qualified for it.
Newbie
I guess if we are to be impartial, then the policy should not be changed to penalise 'new citizens'. Having said that, while the ave income may not have gone up significently, i think the income level of those who would be looking at ECs have indeed increased by quite a bit sinced the policy was first made.
Junior
If they increase the income limit to say $15k, the price will go up even more. $10k for subsidised housing isn't a bad deal. No other countries provide subsidised housing for people earning more than $10k.
Senior
I guess so as the country progress and people are looking for better quality of life given limited quality time.
Exalted
i dun see any issue y EC income ceiling cannot be raised to 12-15k soon
current income ceiling for EC is 10k which is way too low...or rather 2bedder EC shd be 10k and 3bedder upwards shd be 12k income ceiling at least....
BTO 4rm upwards is 8k...how can EC only 10k? DOESNT MAKE SENSE....
Newbie
of coz it doesnt make sense..
so dont believe rumours of 850psf....
let's see what the actual launch price would be....
then work out the sums...
Junior
No. Goverment shouldn't be building subsidised housing for people earning $15k. These guys should stop whining and buy private properties. There are other people who earn less than $10k that needs more help than others. People shouldn't be selfish and only think of themselves. Imagine if the income ceiling is raised to $15k, you have a another bunch of people competing for HDB or EC which are already oversubscribed.
i dun see any issue y EC income ceiling cannot be raised to 12-15k soon
current income ceiling for EC is 10k which is way too low...or rather 2bedder EC shd be 10k and 3bedder upwards shd be 12k income ceiling at least....
BTO 4rm upwards is 8k...how can EC only 10k? DOESNT MAKE SENSE....
Exalted
i am refering to income ceiling for EC....not BTO...how to justify income ceiling for BTO flats 8k and EC only 10k?
in the first place, y come up with so call subsidised EC? subsidised to enjoy luxury living with swimming pool and facilities? lol
the latest Jurong West EC site, no bid at all...shows not viable for developer to build EC ? govt shd build their own EC instead of tendering out to pte developer if really want to keep 10k income ceiling
Newbie
Income ceiling is meant as a form of control to ensure that the target segment group remains. In the case of EC, its meant for those in between affordability (ie. pte condo and HDB). The pricing also supports this argument. Nonetheless, as the pricing of EC increases, the ceiling should also be raised as the assumption is that your income should also be higher to afford the higher mortgage. There are still other controls in place to prevent that the system is not abused. In fact, if ceiling not raised the risk of isolating the original target segment may be higher.
Senior
From BT today "BT understands OUE will officially roll out Twin Peaks, a high-end project in Leonie Hill Road, on Sept 18. And Frasers Centrepoint has said it will go ahead with the launch of Esparina Residences - an executive condominium (EC) project at Sengkang - in October as planned.
Another EC project - the Canopy, by MCC Land at Yishun - is also scheduled for launch in October."
Newbie
Oh yes, forget to add...
Now is all EC time. HDB upgraders removed from investing in Mass Market Condo, they all now try EC and wait out for another 5 years.
Junior
Attention turned to ec now? Perfectly orchested
Senior
yup, time for EC and DBSS to do well.
Anyone has a list of which other EC or DBSS site has been sold other than Canopy and Esparina?
I know the sim lian DBSS in Tampines by Sim Lian. Any other plots sold by govt already?
Newbie
have some smart guys here...yup, time for EC and DBSS to do well.
Anyone has a list of which other EC or DBSS site has been sold other than Canopy and Esparina?
I know the sim lian DBSS in Tampines by Sim Lian. Any other plots sold by govt already?
anyway, after DBSS and EC MOP... Huat arh!
More DBSS and EC coming up... perfect reason to buy them now right?
Senior
for first timers, that's strongly encouraged by everyone, even the govt!
Newbie
here's the pricing found at theesparinacondo.comfor first timers, that's strongly encouraged by everyone, even the govt!
Executive Condo Unit types:
Unit Type No. of Units Area (sq ft) Price (approx) 2 Bedroom 165 829 S$600k-S$700K 3 Bedroom Compact 127 1001 S$700K-S$800K 3 Bedroom + Utility 156 1066 S$800K-S$850K 3 Bedroom Dual-key 53 1152 S$850K-S$900K 4 Bedroom + Utility 34 1367 S$950K-S$1.05M 4 Bedroom Dual-key 18 1464 S$1.07M-S$1.1M Penhouses 20 1690-2583 S$1.1M-S$1.3M Pricing: S$750-S$800 psf
These prices are on the high side.
Newbie
This must be a record pricing for an EC Project.
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