WaterBay Punggol EC

[jus]

Hi,

Yea, even if both property add up, it is still less then S$250k base on current values.

Still remember where did you find the info on the S$250k?

Sorry can't really remember where i got the info from. Must be one of the EC that i have done.

1st of all when you are interested in booking a unit and declare that you have oversea properties. The developer will decide if they want to let you book the unit.

Once approve, you will need to have the OTP, S&P and the valuation report of the 2 properties plus the appeal letter (again subject to approval).

 

[peggy76]

Just received a flyer that they r having mid-autumn festival celebration at the site this sat/sun, with activities and food. The showflat is not ready from what i see ... so wat's this? Some kind of marketing to advertise the ec?

I might just go there to kpo abit since my place is near there

 

[sbf2012]

Wondering if Normal Progressive Payment scheme & 80% bank loan is available if I currently own a HDB flat with outstanding loan, and apply for EC?

All along I was advised only can apply for Deferred Payment Scheme, pay 1-3% more, get 80% bank loan, sell HDB 6 mths before EC TOP.

Recently @ Heron Bay, agent told me even WITH outstanding HDB loan, I can sign a HDB declaration committing to sell HDB 6 months AFTER EC Completion, get a 80% Bank Loan under Normal Progressive Payment scheme.

I called HDB and officer didnt know about the above.
Anybody knows if it's true?

 

[jus]

Wondering if Normal Progressive Payment scheme & 80% bank loan is available if I currently own a HDB flat with outstanding loan, and apply for EC?

All along I was advised only can apply for Deferred Payment Scheme, pay 1-3% more, get 80% bank loan, sell HDB 6 mths before EC TOP.

Recently @ Heron Bay, agent told me even WITH outstanding HDB loan, I can sign a HDB declaration committing to sell HDB 6 months AFTER EC Completion, get a 80% Bank Loan under Normal Progressive Payment scheme.

I called HDB and officer didnt know about the above.
Anybody knows if it's true?

Hi sbf2012,

It has been discussed in this thread 2 page back.

Whether 80% loan or 60% loan depends on whether you have any existing loan at the point of the 1st disbursement of your loan to the developer.

The agent advised you to go for deferred Payment to 'buy' time for you to clear your existing loan.

With an existing loan you are required to sell your HDB within 6 months before TOP not after TOP. As long as you have a HDB you are required to sign the 'Undertaking 5' form as we are all only allowed to have 1 HDB.

Please refer to

http://forums.hardwarezone.com.sg/69829714-post67.html

http://forums.hardwarezone.com.sg/69898007-post80.html

for more info.

Hope this helps.

 

[derong07]

Wondering if Normal Progressive Payment scheme & 80% bank loan is available if I currently own a HDB flat with outstanding loan, and apply for EC?

All along I was advised only can apply for Deferred Payment Scheme, pay 1-3% more, get 80% bank loan, sell HDB 6 mths before EC TOP.

Recently @ Heron Bay, agent told me even WITH outstanding HDB loan, I can sign a HDB declaration committing to sell HDB 6 months AFTER EC Completion, get a 80% Bank Loan under Normal Progressive Payment scheme.

I called HDB and officer didnt know about the above.
Anybody knows if it's true?

If you have an existing loan for your current HDB flat, you can take up the DPS and you will be able to get a 80% bank loan. Gonna sell your HDB before TOP of the EC.

Whether you get 60% or 80% depends on the fact if you have an existing mortgage loan or not.

You can give me a call at 91443311 if you need clarifications on this. I'm currently marketing Waterbay.

Check out for more info here:
Waterbay | Darren Lim | Your Trusted Real Estate Professional

Darren Lim
Mobile: 91443311
Email: darrenlim.era@gmail.com

 

[sbf2012]

Yesterday went to see Waterbay EC. Very nice for EC. Although prices not out yet, guess wont be cheap. Keen to get a unit.

Worried about Europe recession & over supply of houses. In 2016, will property prices correct 30% - 40%?

During the last downturn, condo prices corrected more than 30%.

Currently, with 3 bedroom private condo units going for around $1 million, with the correction, prices may be $600k to $700k by 2016.

If I get a EC unit for around $850k, and prices correct, will I lose a lot?
Will banks re-value property then?

If outstanding bank loan higher than valuation during then, will I have to pay the difference in cash?

 

[derong07]

Yesterday went to see Waterbay EC. Very nice for EC. Although prices not out yet, guess wont be cheap. Keen to get a unit.

Worried about Europe recession & over supply of houses. In 2016, will property prices correct 30% - 40%?

During the last downturn, condo prices corrected more than 30%.

Currently, with 3 bedroom private condo units going for around $1 million, with the correction, prices may be $600k to $700k by 2016.

If I get a EC unit for around $850k, and prices correct, will I lose a lot?
Will banks re-value property then?

If outstanding bank loan higher than valuation during then, will I have to pay the difference in cash?

There are many different schools of thoughts out there so the advice I can give is always be prudent. Purchase something within your means and even in terms of a recession, if you have the holding power, you will be able to see through it and you will be able to reap the returns when the economy goes back up.

By the way, you can look for me if you wanna do the e-application. I can submit on your behalf this coming Friday.

Darren Lim
Mobile: 91443311
Email: darrenlim.era@gmail.com

 

[sbf2012]

There are many different schools of thoughts out there so the advice I can give is always be prudent. Purchase something within your means and even in terms of a recession, if you have the holding power, you will be able to see through it and you will be able to reap the returns when the economy goes back up.

By the way, you can look for me if you wanna do the e-application. I can submit on your behalf this coming Friday.

Darren Lim
Mobile: 91443311
Email: darrenlim.era@gmail.com

Thank you.
Will do my sums 1st

 

[AMD_FREAK]

Is it me, or is Waterbay's furnishing rather lousy? Gurus, what's your thoughts?

 

[myop_sg]

Waterbay Executive Condominium @ Punggol

Live Chat with Agent @ myop.sg to find out.

 

[earthyblue]

Is it me, or is Waterbay's furnishing rather lousy? Gurus, what's your thoughts?

It's an EC. Not a condo. So don't expect too much. Better than a HDB, but not as good as condo. So if you want better furnishings, you have to go for condo la.

 

[earthyblue]

Yesterday went to see Waterbay EC. Very nice for EC. Although prices not out yet, guess wont be cheap. Keen to get a unit.

Worried about Europe recession & over supply of houses. In 2016, will property prices correct 30% - 40%?

During the last downturn, condo prices corrected more than 30%.

Currently, with 3 bedroom private condo units going for around $1 million, with the correction, prices may be $600k to $700k by 2016.

If I get a EC unit for around $850k, and prices correct, will I lose a lot?
Will banks re-value property then?

If outstanding bank loan higher than valuation during then, will I have to pay the difference in cash?

Why should you be afraid if you are buying to stay?
Whether its 850k or 600k, you still have to stay in it.

I give you an if.

If 3bdrm condo go for 1 mill and drop to 600K, your EC at $850K will drop to $500K. HDB from 550K will drop to 300K.

Then you should sell your EC because "lost" 350K to take your remaining money to go buy the condo that dropped to 600K. Technically, you still "gained" 50K in value.

But wait a minute, you haven't fulfill your 5yr MOP yet.

 

[derong07]

It's an EC. Not a condo. So don't expect too much. Better than a HDB, but not as good as condo. So if you want better furnishings, you have to go for condo la.

Yep...well-said. However, I wouldn't say it is not as good as a normal private condo la. Cooker hob/hood and air-conditioners are from respectable brands similar to what other new pte condos are supplying. The only difference will be the flooring, which is ceramic and/or homogeneous tiles.

And of course, like what earthyblue mentioned, there is still a slight difference btw an EC and a pte condo (but do rem that u are paying much lesser for an EC!).

 

[derong07]

Latest update for Waterbay! Good news people.....indicative prices looking good.


WATERBAY - E-APPLICATION OPENS TODAY!

Indicative Pricing (Typical Units):
2-BR => $570k to $610k
3-BR => $690k to $890k
4-BR => $840k to $1,080k
5-BR => $1,060k to $1,120k

Average ranging from only $710 to $730psf!

Call me now at 91443311 and let's head down to the showflat to do the e-application!

Darren Lim
Mobile: 91443311
Email: darrenlim.era@gmail.com

 

[AMD_FREAK]

How about dual key?

 

[derong07]

How about dual key?

According to the estimated average psf provided:

The indicative pricing should fall in the below range:
3BR dual key (1,098sqft) => $780k to $890k
4BR dual key (1,410sqft) => $1,000k to $1,080k

Actual price release will be during the mid of next week.

Do note that the e-application will be until 16th Oct.

 

[rymchardware]

The 3 bedroom DK units at Waterbay is rather small compared to those in other ECs - at least 100 square feet smaller than those found at Heron Bay, Riverparc, Arc at Tampines, and One Canberra.

 

[earthyblue]

The 3 bedroom DK units at Waterbay is rather small compared to those in other ECs - at least 100 square feet smaller than those found at Heron Bay, Riverparc, Arc at Tampines, and One Canberra.

if it is 100 sqft same as those ECs you listed, then wouldn't you be paying $70,000 more if its $700psf?

If it is going to be $70,000 more, then shouldn't I go for a condo instead?

 

[rymchardware]

if it is 100 sqft same as those ECs you listed, then wouldn't you be paying $70,000 more if its $700psf?

If it is going to be $70,000 more, then shouldn't I go for a condo instead?

Yes, of course pay more if its bigger.

My point was that for a 3 room DK unit, its small relative to those in the other ECs. The rooms for this DK unit would be more squeezy - the utility room for this DK unit looks very small from the floor plan.

 

[earthyblue]

Yes, of course pay more if its bigger.

My point was that for a 3 room DK unit, its small relative to those in the other ECs. The rooms for this DK unit would be more squeezy - the utility room for this DK unit looks very small from the floor plan.

My point was that if you go for a bigger 3 room DK unit in other ECs, the price for that particular DK unit in another EC would move up to a higher quantum price bracket.

For that price you are going to pay for an EC, it would not have much difference from other condos priced in that same area.

So my question is if you are going to pay more, why should you go for an EC when you can choose a condo?

If you think its going to be squeezy, then you would have considered a 4 bdrm dual key right?

Bigger cannot be cheaper.