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Old 08-05-2019, 01:27 PM   #961
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It's funny, how can an EC be launching at 1200PSF when income ceiling is at 14k? 2bedder unit gonna be 600sqft issit?

**** quality of life. 1200psf buying an EC with so many restrictions
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Old 08-05-2019, 02:21 PM   #962
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But who says launch at @1200? This pricing we all assume only despite the land price. May or may not 😂
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Old 08-05-2019, 02:32 PM   #963
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Let's face it, an EC anything above 1000psf will be a joke with 14k income ceiling
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Old 08-05-2019, 03:02 PM   #964
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We will see 3 bedders at 800 Sqf maybe
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Old 08-05-2019, 04:07 PM   #965
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Purely on location, its a no brainer to go for Tampines. Sumang is so out of place and punggol is really not so accessible to any part of Singapore especially central.
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Old 08-05-2019, 05:04 PM   #966
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Probably let me do a comparison between both.
Assuming sumang launch at 1150psf vs treasure at 13xxpsf.

Sumang (pros)
1) by CDL, quality, reliability better than Sim Lian
2) Punggol to me is a hidden gem since 2012. It has a billion dollar waterway park and I must admit the landscape is nice. Almost every weekend, I will go for 8km run there. From Waterway Point to white bee Hoon (Punggol settlement) and back. Very nice experience.
3) heard new hawker centre and library coming up, near Watertown area, digital town, the plot next to Watertown is slated for mix commercial purpose. Quite a few exciting things gonna happen in Punggol. So no lack of amenities at Punggol central area.
4) the surrounding is relatively new compared to Tampines.
5) though 1150sqft for an EC, still the lowest compared to other recent new launch condo. Buyers who have limited Budget may still consider. EC usually limited stock, that’s why rivercove sells well. (But bear in mind the sale is good may be due to its launch before CM) where other condo price are priced sky high at that time.
6) number of units much much lesser than treasure. More privacy?

Sumang (Cons)
1) EC status bind by MOP rules.
2) though walkable to Waterway Point, but it’s a good 15-20mins walk under hot sun. May be inconvenient for old folks who simply just want to buy food or groceries.
3) 1150psf to 1200psf for EC is rather high and is quite close to the price of Treasure psf which has no MOP ruling.
4) consider ulu for a 1150psf EC at sumang. Other better options are a treasure trove or Parc centro (11xxpsf) or Watertown at 13xxpsf. All have mall and mrt at doorstep. But they are around 7 year old condo.

Treasure (Pros)
1) priced at 13xxpsf, quite close to EC if sumang launch at 1150 to 1200psf. One of the cheapest psf in current market.
2) not bind by MOP rule. Can sell after 3 years not subjected to SSD. Buy EC will at least stuck for 8-9 years (3 years to build, 5 years MOP before can sell)
3) a sizeable market next to it with many good food, very convenient for Aging parents to get food and groceries.
4) some pple like Tampines because it’s a mature estate.

Treasure (Cons)
1) 2203 units, lack privacy, stiff competition in rental/sell.
2) traffic issue, noise etc.
3) by Sim Lian, design may be HDB look alike (not sure, just based on other project designed by Sim Lian)
4) some may deem that area as quite boring compared to Punggol area which is popular among young couples. No fight in terms of landscape compared to waterway.


Hope my comparison helps and neutral.
I personally prefer Punggol than Tampines area, more exciting amenities coming up, but I’m not a fan of EC cos of MOP ruling.
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Old 08-05-2019, 05:41 PM   #967
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Still buy uncompleted condo? URA said is a ‘private matter’ meaning no matter how big or reputable developer also no use, once the bank is the paramount mortgagee, die die want to take back the land or project, developer & owners also BO PIAN. You are not protected by laws, authorities, rules, regulations in the S&P, all this consider as ‘ PRIVATE MATTER’.
If I’m not wrong, u are referring to the recent case of laurel tree and sycamore tree where the developer go bankrupt.
This is not something common in Singapore and that also gives us more reason to buy from reputable developer like CDL, UOL, CEL, Fraser, capitaland, lendlease etc.

https://forums.condosingapore.com/sh...ate-matter-URA

Think about it this way, even bank can go bust and all your FD may be gone, though some banks will still protect u for 75k SDIC. But no one will put their hundred over thousands of savings in biscuit tin at home right?

That’s y some people prefer to put their FD in local bank that’s deem more safe, reliable like DBS, OCBC, UOB rather than BOI or BOC though interest rate are higher than local banks.

Nothing in the world is 100% safe.
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Old 08-05-2019, 06:38 PM   #968
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Treasure and Sumang EC are two very different locations. Best to travel down to both sites before deciding and try commuting during the peak hours. Tampines has empty land beside the station too so there is potential for exciting developments. Not to mention the Pasir ris white site one stop away.

I would think that if the ec is not at least 15% lower than treasure ($1,088psf) then it is probably overpriced and you are better off looking elsewhere or buying treasure, bearing in mind that treasure is only 15% sold and the current market conditions.
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Old 08-05-2019, 11:30 PM   #969
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Let's face it, an EC anything above 1000psf will be a joke with 14k income ceiling
Ceiling can increase.
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Old 08-05-2019, 11:35 PM   #970
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Ceiling can increase.
Probably more likely for EC scheme to be scrapped.
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Old 09-05-2019, 12:05 AM   #971
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If you are looking at facilities in the neighbourhood, I think the 3 malls in Tampines and the facilities at Tampines Hub etc combined are more than a match for Punggol amenities. In Tampines central area alone you have 2 cinemas and at least 6 big gym outlets (each bigger than anything a condo can offer).By feeder bus Treasures is only 3 bus stops away from tampines central so you shouldn't be comparing everything in punggol vs only the tamp round market/Tamp Safra area.
yes the tampines malls + hub combined is indeed mega. crowd also mega too, although punggol is probably no better or catching up.

duno about others but to me, LRT vs feeder bus, the feeling is very different. to me LRT is an extension of MRT. the mood is very different transiting from LRT to MRT vs from feeder to MRT

my current place is 1 LRT stop from sengkang MRT. even my mum's place, at 2 LRT stops from MRT, traveling felt "integrated" as i'm already in the system from the beginning. very different when traveling to MIL's place where i gotta come out of the MRT, take a feeder for 3-4 stops.

Last edited by weng; 09-05-2019 at 12:09 AM..
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Old 09-05-2019, 12:15 AM   #972
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Probably let me do a comparison between both.
Assuming sumang launch at 1150psf vs treasure at 13xxpsf.

Sumang (pros)
1) by CDL, quality, reliability better than Sim Lian
2) Punggol to me is a hidden gem since 2012. It has a billion dollar waterway park and I must admit the landscape is nice. Almost every weekend, I will go for 8km run there. From Waterway Point to white bee Hoon (Punggol settlement) and back. Very nice experience.
3) heard new hawker centre and library coming up, near Watertown area, digital town, the plot next to Watertown is slated for mix commercial purpose. Quite a few exciting things gonna happen in Punggol. So no lack of amenities at Punggol central area.
4) the surrounding is relatively new compared to Tampines.
5) though 1150sqft for an EC, still the lowest compared to other recent new launch condo. Buyers who have limited Budget may still consider. EC usually limited stock, that’s why rivercove sells well. (But bear in mind the sale is good may be due to its launch before CM) where other condo price are priced sky high at that time.
6) number of units much much lesser than treasure. More privacy?

Sumang (Cons)
1) EC status bind by MOP rules.
2) though walkable to Waterway Point, but it’s a good 15-20mins walk under hot sun. May be inconvenient for old folks who simply just want to buy food or groceries.
3) 1150psf to 1200psf for EC is rather high and is quite close to the price of Treasure psf which has no MOP ruling.
4) consider ulu for a 1150psf EC at sumang. Other better options are a treasure trove or Parc centro (11xxpsf) or Watertown at 13xxpsf. All have mall and mrt at doorstep. But they are around 7 year old condo.

Treasure (Pros)
1) priced at 13xxpsf, quite close to EC if sumang launch at 1150 to 1200psf. One of the cheapest psf in current market.
2) not bind by MOP rule. Can sell after 3 years not subjected to SSD. Buy EC will at least stuck for 8-9 years (3 years to build, 5 years MOP before can sell)
3) a sizeable market next to it with many good food, very convenient for Aging parents to get food and groceries.
4) some pple like Tampines because it’s a mature estate.

Treasure (Cons)
1) 2203 units, lack privacy, stiff competition in rental/sell.
2) traffic issue, noise etc.
3) by Sim Lian, design may be HDB look alike (not sure, just based on other project designed by Sim Lian)
4) some may deem that area as quite boring compared to Punggol area which is popular among young couples. No fight in terms of landscape compared to waterway.


Hope my comparison helps and neutral.
I personally prefer Punggol than Tampines area, more exciting amenities coming up, but I’m not a fan of EC cos of MOP ruling.
regarding the point in red, it's 500+m to waterway point if bash through waterway terrace (anyway that's the most logical route). probably won't take 15-20min and will have shade. and actually if just want to grab some simple food/groceries, no need to go waterway point. if you look at the map, it's flanked both sides by local shops/kpt. i duno exactly what shops there are though.

but if have to sacrifice size due to the psf, then it is indeed sux. i would rather go for parc centros if budget beyond EC is not an issue.

Last edited by weng; 09-05-2019 at 12:20 AM..
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Old 09-05-2019, 12:36 AM   #973
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https://dividendpassiveincome.blogsp...a-slashed.html

Note how much a buyer who buys now gain over the initial launch buyers?

Wise men say, only fools rush in.....


Is this mix development at mrt (rcr) a better buy than treasure at 13xx (ocr)?
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Old 09-05-2019, 09:35 AM   #974
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https://dividendpassiveincome.blogsp...a-slashed.html

Note how much a buyer who buys now gain over the initial launch buyers?

Wise men say, only fools rush in.....


Is this mix development at mrt (rcr) a better buy than treasure at 13xx (ocr)?
I don’t think it’s necessary to compensate the early buyers with renovation packages whatsoever. Willing buyer, willing seller and it’s a normal strategy to skim the market. Hopefully, the loss from these group of buyers serves as a lesson for the rest of the market.

Just last December, a couple of individuals were ridiculing others who commented about high prices and predicting a 10-20% discount. This is just the start and will create ripple effects on other developments. Gazania and Lilium can no longer claim that they are selling at leasehold prices and park colonial has to react accordingly. Soon Treasure will follow.

Last edited by annetyu; 09-05-2019 at 09:37 AM..
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Old 09-05-2019, 09:39 AM   #975
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Anyone can help me finding affordable landed?
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