I was recommended by a friend to look at this Executive Condo Singapore
website as she managed to find her Pinevale executive condominium
through this site. She had just arrived at Singapore from the US a
little bit ago and planned to find her very own private apartment.
Normal condo can be a little beyond her reach and thus she started
searching for executive condominium which can be slightly more
affordable and is sold with full condominium facilities.
For your details, Executive Condominiums or EC were shown appeal to Singaporeans who is able to afford over an HDB flat but find condominium to become out from their reach. EC owners who’ve stayed in their EC and met the five-year minimum occupation period can sell their EC in the open market. Starting from 6th to 10th year, EC may be sold in the open market to only Singapore Citizens or Singapore Permanent Residents. From 11th year, foreigners and corporate bodies can buy ECs in the property market. ECs are often value-for-money investments since they are quite new along with good condition and can depend on 25% less expensive than private mass-market homes! In August 2011, the monthly household income ceiling was increased from S$10,000 to S$12,000 for Executive Condominium units so that more households now are eligible for them which will result in increased demand.
Addititionally there is another considerably new condo called Icon which is located in the Tanjong Pagar area which I would recommend. This is probably the highest private apartmentin Singapore possesses many amenities e.g. tennis courts, Jacuzzi, sauna, BBQ pits, gym, fitness station, pavilions, as well as a playground. I realize a large number of expats like living in this condo because it is very nearby the CBD and in addition it has one of several highest sales and rental transactions in Singapore with many different units changing hands on a monthly basis. I recommend this site to view more details on Icon condominium in Singapore .
Besides these, there’s also a new condo development springing up at Hougang area called Parc Vera that will be launching very soon in October 2011. The developer is Sim Lian Group. It is located along Hougang Ave 7 in accordance with this Parc Vera Hougang Condo Site . But I think it is just not very close any MRT train station or any shopping malls. I reckon that maybe it is going to mostly be bought by local buyers to occupy by themselves instead of for investment purposes.
Happy house hunting!
For your details, Executive Condominiums or EC were shown appeal to Singaporeans who is able to afford over an HDB flat but find condominium to become out from their reach. EC owners who’ve stayed in their EC and met the five-year minimum occupation period can sell their EC in the open market. Starting from 6th to 10th year, EC may be sold in the open market to only Singapore Citizens or Singapore Permanent Residents. From 11th year, foreigners and corporate bodies can buy ECs in the property market. ECs are often value-for-money investments since they are quite new along with good condition and can depend on 25% less expensive than private mass-market homes! In August 2011, the monthly household income ceiling was increased from S$10,000 to S$12,000 for Executive Condominium units so that more households now are eligible for them which will result in increased demand.
Addititionally there is another considerably new condo called Icon which is located in the Tanjong Pagar area which I would recommend. This is probably the highest private apartmentin Singapore possesses many amenities e.g. tennis courts, Jacuzzi, sauna, BBQ pits, gym, fitness station, pavilions, as well as a playground. I realize a large number of expats like living in this condo because it is very nearby the CBD and in addition it has one of several highest sales and rental transactions in Singapore with many different units changing hands on a monthly basis. I recommend this site to view more details on Icon condominium in Singapore .
Besides these, there’s also a new condo development springing up at Hougang area called Parc Vera that will be launching very soon in October 2011. The developer is Sim Lian Group. It is located along Hougang Ave 7 in accordance with this Parc Vera Hougang Condo Site . But I think it is just not very close any MRT train station or any shopping malls. I reckon that maybe it is going to mostly be bought by local buyers to occupy by themselves instead of for investment purposes.
Happy house hunting!
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