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Executive Condo (EC) bubble?

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Old 04-02-2019, 11:30 AM   #31
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EC is still good buys compared to condos if one is selling HDB.

From investment point of view, it is better to keep the HDB and buy a PC.
almost 1000 psf leh.. cheap meh?
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Old 04-02-2019, 01:24 PM   #32
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If you want condo living style and new, other than EC, you can't find anything else.

almost 1000 psf leh.. cheap meh?
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Old 04-02-2019, 03:25 PM   #33
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The last cheapest EC is Sol acres. The design is nice and many facilities.
Those who interested to buy already missed the boat.

EC price has raised a lot.
I also bought that place. Didn't really do any investment research. Just bought it to stay only.

Looking back, it is indeed one of the cheapest EC around, especially when compared to current developments. When I bought Sol Acres, I still considered it expensive, but on hindsight, the prices of other current developments are insane by comparison.

Don't know how come so many rich people in Singapore, or they very willing to take a huge loan.
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Old 04-02-2019, 09:59 PM   #34
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Just to name a few.

1) burning of paper money at balcony
2) littering from the windows
3) dog pee and poop at the walkway
4) playing mahjong at balcony after midnight
5) washing of dishes at car wash area (water is free)
6) stealing of slippers/shoes

How can it be? Burn paper money at balcony? 😂 wash dishes at car wash bay?
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Old 05-02-2019, 08:50 AM   #35
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almost 1000 psf leh.. cheap meh?
It is not cheap but you can't get a new private condominium (99 years lease) at this price anymore.

Most are selling from $1,250 psf at locations that are a bit far from amenities and MRT stations.
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Old 07-02-2019, 11:01 AM   #36
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Just to name a few.

1) burning of paper money at balcony
2) littering from the windows
3) dog pee and poop at the walkway
4) playing mahjong at balcony after midnight
5) washing of dishes at car wash area (water is free)
6) stealing of slippers/shoes

unfortunately there are still some things that money cannot buy - such as manners, morals, intelligence and class...
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Old 07-02-2019, 05:08 PM   #37
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How can it be? Burn paper money at balcony? 😂 wash dishes at car wash bay?
yes, I was shocked when i saw it.
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Old 08-02-2019, 12:12 AM   #38
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Realistically i think the Tampines EC will launch for $1050-$1100/psf next year- which is considered pricey. In comparison, Tapestry launched at around the same price if i'm not wrong..

EC is no longer sold at a 25% discount like in the past...Do you guys think there's room for substantial appreciation in the next say, 5-10 years? Some more at a location like Tampines Ave 10
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Old 08-02-2019, 05:56 AM   #39
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Tapestry launch around $1300 bah...
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Old 08-02-2019, 10:46 AM   #40
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Realistically i think the Tampines EC will launch for $1050-$1100/psf next year- which is considered pricey. In comparison, Tapestry launched at around the same price if i'm not wrong..

EC is no longer sold at a 25% discount like in the past...Do you guys think there's room for substantial appreciation in the next say, 5-10 years? Some more at a location like Tampines Ave 10
what's the point to buy EC if it is so exp?
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Old 08-02-2019, 11:10 AM   #41
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Where got so cheap tapestry.

Realistically i think the Tampines EC will launch for $1050-$1100/psf next year- which is considered pricey. In comparison, Tapestry launched at around the same price if i'm not wrong..

EC is no longer sold at a 25% discount like in the past...Do you guys think there's room for substantial appreciation in the next say, 5-10 years? Some more at a location like Tampines Ave 10
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Old 08-02-2019, 11:47 AM   #42
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Realistically i think the Tampines EC will launch for $1050-$1100/psf next year- which is considered pricey. In comparison, Tapestry launched at around the same price if i'm not wrong..

EC is no longer sold at a 25% discount like in the past...Do you guys think there's room for substantial appreciation in the next say, 5-10 years? Some more at a location like Tampines Ave 10
The Tapestry average price per sq ft is $1,310.
https://www.straitstimes.com/busines...t-the-tapestry
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Old 08-02-2019, 02:49 PM   #43
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The Tapestry average price per sq ft is $1,310.
https://www.straitstimes.com/busines...t-the-tapestry
Oops my bad! Then i suppose the EC should still provide quite a draw to HDB upgraders and cash rich first time buyers. Hopefully prices in that area remain stable...i still feel $1300/psf for that area is damn ex.
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Old 08-02-2019, 10:25 PM   #44
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Realistically i think the Tampines EC will launch for $1050-$1100/psf next year- which is considered pricey. In comparison, Tapestry launched at around the same price if i'm not wrong
Like that 3-bedroom is at least $1 million.



If a 30yr $500K housing loan (2%) is taken, that's like paying $1848 each month with $823 going to to bank as interest each month.

People in Singapore so rich want to support the banks so much?
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Old 09-02-2019, 09:20 AM   #45
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I share the same sentiments as you.

Like that 3-bedroom is at least $1 million.



If a 30yr $500K housing loan (2%) is taken, that's like paying $1848 each month with $823 going to to bank as interest each month.

People in Singapore so rich want to support the banks so much?
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