Reminds me of the tampines trillant launch way back more than 5years ago. Average psf for that project should be around 800psf. Sales is quite slow and I was hesitant to buy it as I believe that EC price was on the high side and I was waiting for a discount as I thought that the sales was quite bad for that project. I was wrong as units was selling month on month and eventually it got sold out. I then purchase a sales of balance flat from HDB and I thought it was a good buy not realising that sales of balance flat was marked up quite alot from the bto pricing. Fast forward now, I believe tampines trillant appreciate more than my current HDB..
I will think that this time sumsung ec will sell out even faster than trillant but dun think the price will appreciate much in time to come. probably a good buy to stay but not a good buy to sell for a profit in time to come
Not sure about you, but for my time was HDB vs Esparina, 325k vs 700k purchase.
Given my financial capability at that point in time, while the monetary gain would be more, the percentage gain is less, and is even lesser if compared to the extra loan that I would have taken. And would even be lesser if I included other components like what I did with the extra cash. I actually benefitted a lot more from not going with the EC as first timer.
Next, have to consider this... You only truly earn if you sell it and get something similar for a lower price. If I were to get an EC back then, we wouldn't even be able to consider the EC now by selling the HDB at a profit. EC holders either have to buy another private property (pay just as high) or buy a resale (help bto buyers earn) if they sell.
Which means... you can hold a million dollar property, but it doesn't mean you will be able to really truly "earn".