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Why ECs are Getting Popular Among The Residents of Singapore

The popularity of executive condos in Singapore has grown over the years. These properties offer all the amenities of private condominiums but at a much lower price. This makes them attractive to young Singaporeans who want to own their own property. Although the prices of executive condos have increased in recent years, they remain a popular option for buyers. Furthermore, they qualify for CPF Housing Grants and can be sold after 11 years on the resale market.

ECs are more expensive than HDBs

While ECs are not always in prime locations, they are cheaper than private mass market condos. Recent new launches have averaged around $2,100 psf, far cheaper than the $1,300 psf that HDB flats command. In addition, ECs offer a higher standard of living than HDB flats. However, the demand for executive condominiums outstrips the supply.

Executive condos are generally located in more rural areas away from town centres. This means that you will not be able to find an EC in prime areas. In addition, Singapore is an island, and many ECs are located far from the towns.

They offer a deferred payment scheme

The ECs scheme offers the residents of Singapore the opportunity to buy future private condos at discounted prices. A Singaporean household can qualify for up to $30,000 in subsidies under the scheme. To apply, EC buyers must form a family unit and occupy their units for five years. Furthermore, they cannot sub-sell their booked ECs. This 2007 move was aimed to curb the speculative nature of property investments.

The ECs scheme is available in two different payment schemes. The EC Deferred Payment Scheme (ECDP) does not require buyers to repay their housing loan during the construction period, but requires them to make monthly instalments once TOP is reached. After TOP, buyers must apply for a bank loan for the remaining balance. They must also provide a minimum 25% downpayment or 5% downpayment from their CPF OA savings.

They are not near MRT stations

ECs are increasingly popular among residents of Singapore, partly because they are surrounded by greenery. Many of them are not too far from the MRT stations. In fact, the nearest one is located just a few kilometres away. However, if you don’t want to walk that far, you can opt to buy a condominium in the vicinity. In that case, you will have to pay a premium for the privilege of living in a condominium.

The best way to avoid paying a premium for ECs that aren’t near MRT stations is to look for units in ECs that are closer to MRT stations. ECs are often less expensive than comparable private mass-market properties, primarily because of the lower land cost compared to private properties. Moreover, some of them are backed by government grants.

They appeal to first-time homebuyers

An EC is a subsidised private condominium where a first-time homebuyer may be eligible for a Central Provident Fund family grant of up to S$30,000. In addition, they are exempted from resale levy (which may cost up to S$50,000). For these reasons, ECs are an attractive option for first-time homebuyers in Singapore. These first-timers typically have combined monthly incomes of around S$10,000 and some savings to help cover the cost. In addition, they are exempte from resale levy and other taxes that are associated with second-hand and third-hand properties.

However, there are a few things to consider when buying an EC. First, the price of the property is important. This will determine whether you’ll make a profit or lose money in the future. Some people feel that paying a lower price during the launch period will result in more gains in the long run. The downside of this approach is that your EC must be occupied for at least five years before you can sell it on the open market. Second, you should look for ECs with good transportation connectivity and amenities.

They are eligible for CPF housing grants

CPF housing grants are available to ECs in Singapore who are able to demonstrate that they have the potential to afford a new home. The grant can be up to $25,000 for a two-room resale flat. Those who are unable to meet these requirements may be eligible for the Half-Housing Grant, which is equal to half of the Family Grant.

These housing grants are aimed at helping middle and lower-income Singaporeans afford a home. They do not come in cheque form, but are credited to your CPF Ordinary Account when you book your flat. However, you can only use these grants for the purchase of a flat, and you cannot apply for them for a second home. For those who can prove that they are low to mid-income, ECs are also eligible for HDB housing grants. This grant is based on the average income of the household for the past 12 months.

Bukit Batok West Avenue 8 EC by Qingjian Realty 375 Units Near to Jurong Lake District

This executive condominium is located in Bukit Batok, a northern part of Singapore. It is close to the Jurong Lake District, where residents can enjoy outdoor recreational activities. It is also close to Sentosa Island. The development is near many public transport facilities, and the location is convenient for working professionals.

The Bukit Batok EC is a good choice for those looking for an affordable permanent residence. It is situated in a highly established neighbourhood and is close to many amenities. There are schools and restaurants nearby. It is also near the Bukit Batok MRT station.

The Bukit Batok West Avenue 8 executive condominium site is part of the Confirmed List of Government Land Sales Programme and has the potential to yield 375 units. The site is 12,449.3 square meters in size. Bids for this project will close on Mar 8, 2022 at noon.

Qingjian Realty is one of the most respected names in Singapore’s property market. This award-winning company is an innovative developer that has built prestigious properties across the world. Its portfolio of properties has won many accolades for its design and construction. In fact, it is consistently ranked among the best developers in Asia.

The East Coast (EC) is one of the most accessible districts in Singapore, and offers easy access to many amenities. It is located close to many MRT stations and is ideal for working professionals and families. The neighbourhood is also close to the Tampines MRT station, and there are many restaurants and shopping malls in the area.

ECs are one of the most sustainable and valuable asset classes in the private residential market. As such, they are considered the best value for money. Whether you are upgrading from HDB or upgrading to private ownership, ECs offer a lot of advantages.

The Bukit Batok estate is near prestigious schools, such as Woodlands Ring Primary and Secondary School. It is also close to the Seletar Expressway, which connects Woodlands to Orchard Road. This may be an excellent investment in the area.

Kensington Park Serangoon Condo Enbloc

Kensington Park Serangoon Condo Enbloc is an excellent value for money. The developer has sold over 560 units at a median price of S$1,020 psf in the past six months. The developer also sold over 100 units at The Santorini in Tampines. As of June, median resale prices in District 18 stood at S$897 psf. The lack of new launches could negatively affect the resale market.

The Serangoon Gardens neighbourhood is home to the prestigious Kensington Park Drive collective sale site with unobstructed views of the estate. The development was constructed in 1990 and has 316 units, with the highest building being 19 stories. The project is spread over six blocks with a mix of units, from one-bedroom flats to duplexes. The design is modern and well-planned with windows in most kitchens.

The enbloc development has re-launched its sales with an updated guide price of S$1.28 billion, including land betterment charges of about S$209.8 million. The price is approximately S$1,444 per sq ft per plot ratio.

New launches in District 18 in the second quarter have been relatively modest. In the past two months, City Developments sold more than 500 units at Coco Palms in Pasir Ris for an average price of S$1,020 psf. Meanwhile, MCC Land sold more than 100 units at The Santorini in Tampines for an average price of S$1,113 psf. Meanwhile, resale transactions in District 18 were steady – up 5.6 per cent year-on-year.

In the second quarter of 2014, the number of resale transactions was down slightly compared to the first quarter. The reason for this was that new launches pushed up prices. However, the number of transactions fell in District 7 and District 19, which covers Serangoon Garden and Hougang. In these districts, the number of transactions dropped to 57 from 164.

As a result, private condo resale volumes fell by 40.7 per cent year-on-year in the second quarter. This was comparable to the level seen during the Global Financial Crisis. Meanwhile, District 27 in the north and District 18 in the east maintained good resale volumes. In the second quarter of 2014, there were 57 transactions in these districts.

Jurong East Mall to Give Way to New Condo by Capitland

Jurong East Mall to Give Way to New Condo by Capitland

With e-commerce riding high in Singapore, the developer wants to expand its JCube property into a much larger space. While this could lead to a shortage of retail space, the developer is also looking to build residential units in Jurong East. At present, the number of HDB flats in Jurong East has reached the minimum occupation period, with another 970 due in the next two years.

Jurong East Mall to be transformed into a commercial hub

Jurong East Mall, also known as the JCube, is set to undergo a major transformation. The mall is being turned into a mixed-use residential and commercial hub, which is expected to enhance connectivity in the area and boost residential property demand. The new mall will also have an Olympic-sized ice rink, which is the first of its kind in Singapore.

The Jurong East area has become one of the prime property hotspots in Singapore, and a major transformation is underway. The Jurong Gateway district will boast premium office towers, shopping malls, hotels, and other business and entertainment facilities. In addition, the Lakeside precinct will receive a boost with a plethora of amenities, which will provide a more enjoyable lifestyle for locals.

Westgate Jurong Shopping Mall

A new condo development is on its way to Jurong. Developer MCL Land will build a 600-unit private condo at Jurong Gateway, a district that is slated to be the home of the Westgate shopping mall. MCL beat out 11 other developers for the site. The development is expected to launch in 1H2013.

In the surrounding area, there are several retail developments currently in the works. The JCube, a $200 million redevelopment of the former Jurong Entertainment Centre, is one of them. Another project is the $30 million repositioning of the IMM Building, a former factory outlet mall. Together, these projects will create more than one million square feet of retail space within the Jurong Gateway precinct.

International Merchandising Mart Mall at Jurong

The International Merchandising Mart Mall is an outlet shopping centre in Jurong East, Singapore. It has five floors and 961,281 square feet of retail space. It is a great place to go shopping for designer fashions, homewares, and more.

The International Merchandising Mart is one of the largest shopping malls in Singapore. It is open from 10am to 10pm daily and is home to 245 shops. The shopping mall is owned by the CapitaLand Mall Trust. It opened in 1991.

Jem Shopping Mall at Jurong

Jem Shopping Mall, located near Jurong East MRT Station, is about to get a new tenant: Jem Park. The new retail space is expected to open late next year. It will be located on Level 5, next to the Cookhouse food court. According to Chris Brown, the Development Director at JEM, the development is an unusual one and will offer residents an urban retail experience in a suburban setting. It will also feature many major international and local food chains.

Currently, the supply of retail space in Jurong has almost doubled from the second quarter last year. As of June 2012, there were 1.2 million square feet of retail space in Jurong, including the JCube and IMM Building. This is expected to grow another 35 per cent by the end of the year. In addition, Capitaland is building a new mall called Westgate, with net lettable area of 416,000 square feet.

Capitaland Jurong East Central Condo

Capitaland Jurong East Central Condo is a brand new high-rise development in the Jurong East District of Singapore. It offers spectacular city views, a prime location, and many amenities. Just a short stroll away is the JCube Shopping Centre, Singapore’s first Olympic-size ice rink, and a brand new IMAX cinema.

The site of this project is convenient to public transportation, including a bus interchange and the Jurong East MRT station. The project is expected to be complete by 2022. The project features fully furnished units, a mini concert hall, and a Chinese language school. Moreover, the project is close to two major business districts.

Nature and Forest Living at Tengah Town Close to Tengah EC

If you are looking for a new home in a nature-themed metropolis, Tengah Town is the perfect place for you. This smart town is full of green spaces, recreational areas, and educational institutions. Tengah Town is built using sustainable building techniques.

Evergreen Forest Town is a nature-themed metropolis that brings residents closer to nature. It incorporates smart features to make living easy and efficient. These include automated waste collection, smart energy management, rainwater collection systems, and green roofs.

The town features generous landscaping and green features to promote healthy air quality and better community relations. This city also offers convenient public transport and free parking. Many facilities will be located within the vicinity, including a medical centre. Tengah will also offer a wide range of recreational and educational facilities.

Tengah Town is located near the CBD, a university, and several schools. Residents can easily get to the CBD in 30 minutes. The town is an eco-friendly development and organized into five distinct districts. Its green theme will be continued in its design, with smart technology and sustainable energy efficiency.

Nearby amenities include a shopping mall, a multi-purpose hall, and Tampines MRT station. There’s also a community farm and garden. The town is also close to Fernvale LRT station, which connects residents to Sengkang MRT and the CTE. Future property values in the region are expected to rise considerably in the coming years.

Nearby highways include Pan-Island Expressway, Brickland Road, and Bukit Batok Bus Interchange. The town centre is also close to schools and prestigious institutions. Residents can enjoy nature-themed metropolis living in Singapore’s newest town centre.

Nearby amenities include an integrated shopping mall, as well as a bus stop that connects the town to the CBD. It’s also close to the Bukit Timah Nature Reserve. It’s a great place for families, as the nearby amenities are close at hand.

One of the first developments to achieve a BCA Green Mark Gold Plus rating, Tengah EC is committed to ensuring the well-being of the community and environment. This is reflected in the diverse green building materials and smart sustainability features used to construct the development. The EC is located close to the bus terminal and upcoming car-free town centre, making it a great place to enjoy outdoor activities and relax.

The developer of Tengah EC is fully aware of the growing need for executive condominiums in Singapore. The development’s location near three MRT stations on the Jurong Region Line makes it convenient for those living in the north and west of the city-state. The building’s price tag is competitive, making it an excellent choice for those seeking a greener lifestyle.

Tengah Town is also convenient for those requiring access to other parts of Singapore. The development is close to the Jurong Central Business District and the Central Business District. Additionally, the area is near major expressways such as the Kranji Expressway and the Bukit Timah Expressway. This ensures seamless travel and cuts traffic time considerably. The development is also near major shopping malls.

Those interested in buying property in Tengah Town Close to Tengh EC should consider its proximity to the Central Business District, Jurong Innovation District, and the Jurong Lake District. All three of these locations are within a half-hour drive of the development, which makes it an ideal place for families with children.

The development is also environmentally conscious and is expected to use the latest green building technologies and materials. There will also be public parks and bicycle paths. Moreover, residents of Tengah EC will enjoy access to the Glass House Mountains and Raffles Rowing Club Park.

Recreational areas are a key element of ECs, which are a hybrid between private condominiums and HDB flats. These are eco-friendly estates with plenty of greenery and recreational areas. They also have plenty of free parking and other convenient amenities such as cycling and walking paths. Some of these ECs are close to Bukit Timah Nature Reserve.

The EC is conveniently located near the bus terminal and the future MRT station. The new area will also feature separated pedestrian roads, making it safer for pedestrians and cyclists to move around. Parking will be free and car-lite, and residents will also have easy access to public transport. They will also have ample outdoor spaces to relax and socialise with family and friends.

Nearby, there will also be a new Park District in Tengah. This green lung will be home to several playgrounds and play equipments for children. It will also feature a 1.5km rainforest walk that will provide an opportunity for residents to enjoy the outdoors. It will also connect to the town centre, making it a convenient and car-free area.

Nearby amenities include several schools, a bus interchange, and the Jurong Innovation District, which is a hub for advanced manufacturing and innovation. It is also near the Canberra Plaza shopping center, which offers a variety of retail outlets and enrichment centers. The area is seven minutes walk from the Sembawang MRT station.

Several schools are located within two kilometers of the EC. They include Shuqun Primary School and Princess Elizabeth Primary School. In addition to these, there are two primary schools and a polyclinic, which are close by to the EC.

Close to major expressways and major shopping districts, the future town centre at Tengah is also surrounded by a number of educational institutions. With its proximity to the Jurong Region Line MRT station, it will be an ideal place for walking, cycling, and recreational engagements.

The new town will have lavish amenities and generous landscaping. It is slated for completion by Q3 2022. The development is a joint venture between City Developments Limited and MCL Land, two prominent developers in Singapore with a long track record in residential development. It is the first major development in the Tengah town area since the turn of the century.

Tengah Town Close to Tengih EC will have an upcoming MRT station and is within walking distance of the Bukit Timah Nature Reserve. The EC will be a mix of private condominiums and HDB units. Residents will have access to four major public transport stations, four bus termini, and minibus services.

The area is home to many educational institutions, including a private nursery school, an EC, and two private schools. There are also a variety of eateries and commercial spaces, as well as a future MRT station. Close by, residents will also have access to the Jurong Lake District, Jurong East, and Bukit Batok districts. Lastly, Tengah is close to the Bukit Batok Bus Interchange and the Jurong Town EC.

The future of Tengah Town is a positive for both local residents and the region. Nearby MRT stations will provide easy access to public transport and the future Jurong Region Line. The town is home to numerous schools, medical facilities, and shopping malls. The Westgate Shopping Mall is also nearby and provides excellent value for money.

As one of the landmark developments in Tengah town, Tengah EC is set to feature luxurious facilities, generous landscaping, and convenient amenities for residents. It will be close to three MRT stations and major transportation links such as the Pan Island Expressway and the Kranji Expressway. It will also feature an extensive network of greenery and hiking trails.

Tengah Town is conveniently located near three major expressways, namely the Pan Island Expressway, the Kranji Expressway, and the Bukit Timah Expressway. This allows for seamless travel and minimized traffic time. Additionally, the development features a separate pedestrian street, which is ideal for walking and cycling.

Tengah will have a 20-hectare Central Park and a public amphitheatre. It will also be linked to a future MRT station on the Jurong Region Line. The development will also feature a town centre, retail spaces, and greenery. This new town will lead the way with smart technology and innovative design, including autonomous vehicles, smart-enabled homes, and a central waste management system. It will also protect its natural forest environment.

Tengah EC is an eco-friendly town close to the city centre. It features a modern, green infrastructure, and smart condominiums that offer residents a healthy lifestyle close to the city center. Residents will enjoy easy access to the CBD, and will be able to reduce air pollution while still enjoying convenience.

Tengah EC is also close to the Pan Island Expressway and the Ayer Rajah Expressway. This development also features a bus interchange, community club, and polyclinic. Its convenient location makes it an ideal choice for families and is close to numerous amenities. Several local schools, including Princess Elizabeth Primary and Shuqun Primary, are within walking distance of Tengah EC.