killershot
Banned
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- Mar 11, 2019
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as a resale buyer for EC, also needs to fulfill a fresh 5yrs MOP as well, correct?
Don’t think so. But I think if you sell within 3 years, will kena SSD.
as a resale buyer for EC, also needs to fulfill a fresh 5yrs MOP as well, correct?
Yesterday I purposely drive there, treasure very near round market. Saw a lot eateries there.
Haha no need order food panda la.
as a resale buyer for EC, also needs to fulfill a fresh 5yrs MOP as well, correct?
EC must fulfill 5 years MOP.
Resale buyer also must fulfill 5 years MOP of their unit (if applicable) before they can book an EC.
After 5 years MOP, EC can be sold as private but only to Singaporean and PR right?
I am looking at Arc @ Tampines. I saw 2 to 3 bedder going at about 900 psf.
Is it a better deal than the current condos around that stretch like Qbay, Santorini etc?
Any advice?
You don't have much choice do you ?After 5 years MOP, EC can be sold as private but only to Singaporean and PR right?
I am looking at Arc @ Tampines. I saw 2 to 3 bedder going at about 900 psf.
Is it a better deal than the current condos around that stretch like Qbay, Santorini etc?
Any advice?
There are some units on resale which means they probably got MOP waiver. Price seems to be around 1100psf, which is considerably lower than Treasures. However I don't really fancy the layout of the Trilliant units and the Balconies are just too large.
EC must fulfill 5 years MOP.
Resale buyer also must fulfill 5 years MOP of their unit (if applicable) before they can book an EC.
Let me guess, you were there for morning breakfast? I was there too!
After 5 years MOP, EC can be sold as private but only to Singaporean and PR right?
I am looking at Arc @ Tampines. I saw 2 to 3 bedder going at about 900 psf.
Is it a better deal than the current condos around that stretch like Qbay, Santorini etc?
Any advice?
EC must fulfill 5 years MOP.
Resale buyer also must fulfill 5 years MOP of their unit (if applicable) before they can book an EC.
You don't have much choice do you ?
Q Bay, Santorini etc are priced much higher than Arc.
I personally don't really like Arc@tamp, multi story car park, units feel very clustered together (clubhouse, the units, etc), and they don't have a playground.
Best part is there is a structure with a circle at the center with a plant in it, looks like they are building a shelter for the plant.
If you happen to go viewing for that project, go check it out, its beside the swing, it made me lol and wonder what is that thing for.
It depends on ur Budget and what u want.
I always set a benchmark that for an entry level EC and PC, price difference is around 250 to 300psf difference. If the GAP is very narrow and within your Budget, u may want to consider a PC instead as u will not be restricted by MOP/HDB rulings.
But u need to be prepared that Qbay, Santorini there can be quite ulu. Plus a few other condos there like Alps, tapestry, waterview....etc
That’s probably the reason y for those who are familiar with Tampines area, they rather go for new launch like treasure at 12xxpsf which is not too far off compared to EC price. It is near to round market as well but the downside is too many units and by SL. Some bros here also mentioned abt the heavy traffic condition etc.
With this, u can weigh the pros and cons to decide.
Hehe actually I not going there for breakfast, but it was a pleasant surprise to me that the treasure can move 272 units in one weekend, so I purposely detour there take a look and try understand some of its attributes.
I always like to reccee around to look for new/good projects, part of my weekend past time, hehe.
Thanks for the advice bro.
Arc@Tamp owners are only selling after MOP. If i buy resale there, what other HDB ruling still apply besides can not sell to foreigner? With the amount of ABSD, I wonder if any foreigner will buy also.
I am still new to the market and trying to understand the sentiment here. For me, Arc@Tampines is about 30+% cheaper than The Tapestry and location to me seems similar.
Few doubts :
1. Is the quality different between PC and EC? Heard some rumors but not sure.
2. Why would so people still prefer new launches and wait for 3+ years, rather than moving into a resale in a few months? It seems easier for upgrader /people selling off existing condo to buy a new one/people buying second condo and rent out the first one
Shed some light please?
I was there during balloting.Quite crowded. Most people chiong for 1 bedder and 2 bedder. Really selling like hot cake. Confuse me got people choosing unit nearest to PIE also. Probably investors.
Also got some 3,4 and 5 bedder sold.
Unit facing the street 11 seems to be popular. My number is mid 100 so not sure how the distribution like afterwards.
I think for tapestry case, CDL bid the land higher than those condos around it like the alps so that’s y tapestry and other EC gaps are larger. The alps during launch was around 10xxpsf while tapestry price range was around 13xxpsf. Bigger unit (4/5 bedder) for tapestry is ard 11xxpsf
though.
Initially, many agents advertise tapestry by using Tampines court (now known as treasure) as an example by convincing the buyer that Tampines court land is 20-30% higher in psf. Thus, there’s some pple believe in it and bought tapestry because they think the new condo at Tampines court will launch at higher psf.
Never did they expect treasure was launched at 12xxpsf recently (which is lower than tapestry average psf) because Sim Lian tries to sardine pack 2203 units together and that’s y they can launch treasure at a lower psf.
The above summaries everything about tapestry and treasure.
I try to answer your qns according to what I know, other bros here can also shed some light:
1) the quality betw EC and PC are rather subjective. Usually, PC quality is better. However, If the EC was done by CDL or other more renowned developer, EC finishing can sometimes be better than PC. So the developer is an important factor. I have heard the most jialat case for EC is the canopy, they can even find more than 500 defects. The most jialat PC I also heard before, like the recent news in la fiesta case. So really depend on developer.
2) the advantage of buying new condo is because while waiting for your new condo to TOP, the bank will disburse loan in stages, so that u pay lesser first and have more time to save your fund/cash before u go into full monthly instalment when condo TOP. This helps u buy some time in accumulating your savings. Another reason of buying new condo is u start the lease fresh. Old condo will have shorter lease left. Sometimes if the condo is too old, u need to spend a lot of money to do the make over etc.
Of cos, some pple buy resale because they can’t afford to wait for 3 years for new condo to complete, especially for those who have no place to stay, they need to rent a place for 3 years. The 3 years rental can be quite substantial. The advantage of buying resale is u can move in immediately or rent out immediately (if u can find tenant) w/o waiting. But u need to service the loan in full immediately as well.
Like some has pointed out, if they find new launch price is much higher than the older condo (assuming both are in same location), some pple will prefer to buy older condo cos cheaper. But bear in mind the lease left will be shorter as well. So in short, there’s both pros and cons. U need to understand your needs first before deciding which option is best for you.
Cheers
Congrats
Got one bro here bought the 614sqft 2 bedder at around 8xxk, with two toilets. His 2 bedder is the rare type, only 23 units all at 12th floor.
Just curious, how many bedders u bought? Did u managed to get your choice unit? U got kenna ABSD?