Copen Grand EC

[bujingyun82]

I think 5 bedder still not sold out yet. But in current context, 5 bedder below 2 mil should be ok. Somehow got a feeling can still make some profit in resale. My impression of CG location is just another punggol. That also explains CG is much more well received than NG during launch.
For EC, It is always the MSR/down payment that creates the hurdle. Guess most buyers seems to have enough cash/cpf for 4 bedder downpayment.

Right. only the most expensive 1.88m 5br sold

 

[yun10]

1.88m seems like 1 of the lower priced one.
But the most expensive ones at around 2-2.1M were mostly sold

 

[Hohohomoo]

New launch private condo all around above 2kpsf but ironically lesser downpayment than EC. New EC mostly around 12xxpsf but with higher downpayment due to MSR. If one has a cash/cpf of near 1 mil and qualify for EC, I was wondering whether most will go for 2 condos or one 5 bedder EC.

 

[delfina]

New launch private condo all around above 2kpsf but ironically lesser downpayment than EC. New EC mostly around 12xxpsf but with higher downpayment due to MSR. If one has a cash/cpf of near 1 mil and qualify for EC, I was wondering whether most will go for 2 condos or one 5 bedder EC.

Sell 1 buy 2 later lose job pants on fire

 

[Hohohomoo]

Sell 1 buy 2 later lose job pants on fire

But S1B2 the feeling is really damn song. Like playing monopoly

 

[dang3008]

New launch private condo all around above 2kpsf but ironically lesser downpayment than EC. New EC mostly around 12xxpsf but with higher downpayment due to MSR. If one has a cash/cpf of near 1 mil and qualify for EC, I was wondering whether most will go for 2 condos or one 5 bedder ECi

I think its just different. People likes to put diffrrent things into comparison.

EC- high downpayment but lower monthly. Sustainable. Question is just about are you able to come up with the down payment. When TOP assuming ibterest are not at 4% only means you fork out less than 30% monthly salary which makes things easier.

PC - No need so much down payment but you able to leverage more thus higher monthly payment. This will also mean you will stress beyond what you perceive as acceptable.

At the end, its different and of course if you have no fear of lossing job (assume you want to play the property market) then of course you go with PC.

 

[Hohohomoo]

I think its just different. People likes to put diffrrent things into comparison.

EC- high downpayment but lower monthly. Sustainable. Question is just about are you able to come up with the down payment. When TOP assuming ibterest are not at 4% only means you fork out less than 30% monthly salary which makes things easier.

PC - No need so much down payment but you able to leverage more thus higher monthly payment. This will also mean you will stress beyond what you perceive as acceptable.

At the end, its different and of course if you have no fear of lossing job (assume you want to play the property market) then of course you go with PC.

1.9mil 5 bedder with 966k downpayment means your loan will still be 1mil shared by couple of combined income 16k. If one person lose the job, I don’t see another party of 8k income (to tank 1 mil loan) will be better off than those S1B2.
Ya, maybe I shouldn’t be talking about property leveraging in an EC thread. The objective for EC buyers is quite different from those with leveraging in mind.

 

[cyberklan]

Aiyah… just stick to resale hdb and invest the spare cash on other instruments.. problem solve. No need to worry about bank rates etc.. can travel round the world in first class and stay in 5* hotels x100

 

[momoeagle]

Usually those who keep complaining about high mortgage rates are worried for themselves. They just hope got more ppl join them in their sufferings. But data shows no one give a damn

No one gives a damn.

That's why it's safe for government and banks to continue raising it. Why say no to more profits right?

 

[elvintay07]

No one gives a damn.

That's why it's safe for government and banks to continue raising it. Why say no to more profits right?

If you are SG government, why won’t raise? Don’t tell me they want to be like US and suffer deficit? The land price already give the direction. If government wants property prices to drop, just sell 5 room BTO at $50k. Confirm property and landed prices come crashing

 

[delfina]

But S1B2 the feeling is really damn song. Like playing monopoly

Come out unscathed of course song. See risk appetite

 

[JJLim2020]

Usually those who keep complaining about high mortgage rates are worried for themselves. They just hope got more ppl join them in their sufferings. But data shows no one give a damn

lol

 

[PortaPumper]

when will the remaining units be out for 2nd timers to buy? so many units left behind from launch still .....

 

[MitsuyaCider]

when will the remaining units be out for 2nd timers to buy? so many units left behind from launch still .....

1 month after launch...but probably the price then will be higher than during launch

 

[momoeagle]

If you are SG government, why won’t raise? Don’t tell me they want to be like US and suffer deficit? The land price already give the direction. If government wants property prices to drop, just sell 5 room BTO at $50k. Confirm property and landed prices come crashing

If I SG govt or bank, I also don't want property prices to drop.

The highest profit comes from rising property prices and rising interest rates at the same time.
Loan more, get more interests, earn more. Higher property taxes, higher GST. Good mah.

 

[momoeagle]

Sell 1 buy 2 later lose job pants on fire

No la, If lose job, then sell 1 of the property lor.
Then got cash liao.

Some treat the idea of property as a savings plan, with rental helping to cover the interest payments and a small portion of the mortgage as being sufficient.

 

[MitsuyaCider]

If I SG govt or bank, I also don't want property prices to drop.

The highest profit comes from rising property prices and rising interest rates at the same time.
Loan more, get more interests, earn more. Higher property taxes, higher GST. Good mah.

I think government don't want to control private property price. Just let developer bid and set selling price. They just want to ensure that private property owners are not too over-leveraged.
But for HDB, they will want to control its price so it is still affordable for the masses. Especially after they kanna so much **** for selling $880k Amk BTO. In the near future, probably no more 5 room bto in mature estate liao.

 

[todomachi]

Heard from my Agent, the developer is prepping for the 2nd timer reballot for booking on 26 November 2022.

 

[Hohohomoo]

No la, If lose job, then sell 1 of the property lor.
Then got cash liao.

Some treat the idea of property as a savings plan, with rental helping to cover the interest payments and a small portion of the mortgage as being sufficient.

S1B2 Lose job dont sell off the property also nvm, coz now landlord is king.

https://stackedhomes.com/editorial/...ow-this-tenant-fought-back-with-legal-advice/

 

[momoeagle]

I think government don't want to control private property price. Just let developer bid and set selling price. They just want to ensure that private property owners are not too over-leveraged.
But for HDB, they will want to control its price so it is still affordable for the masses. Especially after they kanna so much **** for selling $880k Amk BTO. In the near future, probably no more 5 room bto in mature estate liao.

They kenna a not

Still super oversubscribed.
People have tons of cash somehow.