Is EC a sure thing?

[kuang89]

Why people make it as it EC is such a good catch? Almost better returns than a condo, if sure win why priced lower in the first place?

 

[Flex11]

Don't understand what you mean by sure thing. Please note that there are restrictions for EC:

- you have to fulfill the 5 years MOP before you can sublet or sell unlike condo
- it will only become a full condo after 10 years, i.e can sell to foreigners

The above is a deal breaker for alot of people.

 

[kuang89]

yes, but i have a lot of ppl telling me that buying EC as an investment is a sure earn thing with high yields all that, the returns are good also..

alot of people being some property agents and some buyers of EC.

 

[wahkao3]

yes, but i have a lot of ppl telling me that buying EC as an investment is a sure earn thing with high yields all that, the returns are good also..

alot of people being some property agents and some buyers of EC.

tok kok one lah,hahahahahaha

 

[Genosis]

Nothing is a sure thing in life except taxes and death......

 

[luvalist]

yes, but i have a lot of ppl telling me that buying EC as an investment is a sure earn thing with high yields all that, the returns are good also..

alot of people being some property agents and some buyers of EC.

haha same here. my agent also kept telling me to buy EC as the next property. I think last time EC prices were lower and more competitive compared to private condo but nowadays it's not so far away liao.

Whether sure anot, we don't know. So far away - after 3 years of waiting + 10 years if fall below value, agent already gone. And the loan amt plus cash outflow is quite daunting for us so we decided to go for a resale instead.

 

[Shion]

Recently I just visited my friend's EC, a 4-room EC, buy 900k

The living space is simply horrible

 

[01asdf]

yes, but i have a lot of ppl telling me that buying EC as an investment is a sure earn thing with high yields all that, the returns are good also..

alot of people being some property agents and some buyers of EC.

It's a sure high commission for them you mean?

 

[SBC]

Surely higher exposure during its application. While you had OTP for new EC under construction, your existing hdb is not sold.

What if hdb resale continue to drop further?

 

[phayze]

Can share which EC is that? How many sqft?

Recently I just visited my friend's EC, a 4-room EC, buy 900k

The living space is simply horrible

 

[QNH1013]

Unlucky 13: ECs which made loss during 5-year MOP

http://sbr.com.sg/residential-prope..._source=facebook.com&utm_campaign=buffer#show

 

[Shion]

Can share which EC is that? How many sqft?

One Canberra. How big I am not sure actually.

According to the websites, they give a range 1,465 – 1,848 sqft.

 

[Genesisz]

It is horrible.

Anyway, I am overqualified for EC and at that point in time, I decided to go for a HDB resale. Bigger space area, nearby amenities and transportation infrastructure and best of all, lower price.

A lot of factors have to be considered before taking this route.

If one can afford and undertake the commitments, then he or she can consider to take this plunge.

Recently I just visited my friend's EC, a 4-room EC, buy 900k

The living space is simply horrible

 

[SBC]

Very often is not the no of rooms or total size. The layout matters as well for efficient usage.

Viewed quite a number of new private projects last year, size does not fit my requirement. Psf wise is rather ex.

Eventually, gotten a 20-year apartment from secondary mkt.
size is close to 1400 sqf. Freehold private apartment at EC pricing.
Still got chance for enblock in years to come. Good chance in 15 to 20 years time.

 

[Shion]

The layout is very bad

 

[Flex11]

Property market depends alot on timing. 5 years MOP is not short. Anything can happen.

 

[microtek]

If the location of the EC is good (ie: Next to MRT + big mall) and it's priced competitively I think it's a good deal since it's heavily subsidized by the government.

 

[avatar88]

location is the most important

 

[SBC]

I would say timing superceeding choice of location.

In best timing, worst location also makes money.
Reversely, in worst timing, best location may be loosing money.

 

[Shion]

BTW my friend's EC, they are regretting the choice.

Expensive, poor layout, lousy noise insulation and the location is not that fantastic to begin with