Parc Greenwich EC

[unclebutcher]

Thanks thanks. Yes! I think first timer should be given priority. Ola has 1 low floor 4 bedder near entrance at $1.42mil. I think that is a damn good buy. If I meet the income ceiling, would have issue cheque immediately. Park Greenwich layout superb. Small balcony so more usable space

Agent also showed that unit to us, but decided not to go ahead as PG much closer to both parents house, and close to CTE which we like

 

[holasingapura]

These are the happiest group of people right now. Gongxi.

 

[RandomPlankton]

"cooling period" of 1 month then 2nd timer can buy again lo...

for now first timer can just grab

The gov also funny one. Make this kind of flawed ruling.

1st timers - usually young couples. Not enough money in cpf to buy EC

2nd timers - couples in their middle age with big cpf bucket, but limited by gov to grab the 30% quota in EC...

Like that sure will have balance left over flats because group 1 wanna buy no money and group 2 wanna buy, have money but no slots.

Will price increase when 2nd timer buy balance of sales flats?

 

[RandomPlankton]

Did 100palms EC have the 30% quota limit for 2nd timers? How come it was sold out within 1hr?

 

[skpuppy]

Did 100palms EC have the 30% quota limit for 2nd timers? How come it was sold out within 1hr?

Means all first timer whack and buy all?

 

[RandomPlankton]

yah true, the feeling to stay in penthouse. The label "penthouse" worth 50K

The "penthouse" label got several benefits. On psf cost basis, it's much cheaper (est. $1.1xxk) than the next highest unit (est. $1.2xxk) because they calculated the strata void area.

This means your profit margin should be higher when u sell..

Also, being the highest floor with PH label, owners can ask for higher COV with higher chance of success, given the general public mindset that PH is better, more exclusive.

 

[Falafell]

The "penthouse" label got several benefits. On psf cost basis, it's much cheaper (est. $1.1xxk) than the next highest unit (est. $1.2xxk) because they calculated the strata void area.

This means your profit margin should be higher when u sell..

Also, being the highest floor with PH label, owners can ask for higher COV with higher chance of success, given the general public mindset that PH is better, more exclusive.

Units with extra void or patio space usually will not be able to match the same psf as typical unit layouts, unless your buyer is a cai tao who die die wants PH/Patio and is willing to get it at any cost. The common rule of thumb is to discount 50% off the extra void/patio when calculating the acceptable cost.

 

[Skywalker19777]

Stack 24 SW facing sold out? Example of View more important than facing.

 

[CaptainSGP]

Units with extra void or patio space usually will not be able to match the same psf as typical unit layouts, unless your buyer is a cai tao who die die wants PH/Patio and is willing to get it at any cost. The common rule of thumb is to discount 50% off the extra void/patio when calculating the acceptable cost.

Cai Taos do exist . Need to have luck & ideally during sellers market

 

[CaptainSGP]

Stack 24 SW facing sold out? Example of View more important than facing.

Personally I would chose 180 degree unblocked view over pool facing assuming same price.

 

[Passerboy]

Stack 24 SW facing sold out? Example of View more important than facing.

I would choose view over facing. Moreover, pool facing is too common..

 

[JiangWei]

All choose based on their ballot number but once 30% of total abt 150units booked by 2nd timers, no more available for 2nd timer on launch day. Its ec so subjected to rules set by hdb. Then 1mth later, all can just walk in and book the balance if any.

Wonder if price will increase after the 1 mth period.

 

[fluxos]

Stack 24 SW facing sold out? Example of View more important than facing.

Regardless of size, stacks with views were sold out first in the few hours (STACK 07, 08, 11, 12, 15, 16, 24). Need a good ballot number below 100-150 to even stand a chance.

Followed by stacks with partial views (STACK 23, 03, 04, 10).

After that it was quite evenly sold with preference for larger units (3+1, 4, 5 bedders).

I was monitoring it every hour yesterday .

 

[rockmillion]

will there be re-ballot for 2nd timers after 1 month? if not how they control 1st come 1st serve basis if many waiting to buy.

 

[CaptainSGP]

I would choose view over facing. Moreover, pool facing is too common..

Unblocked views are exclusive. Not every unit in the development will have access to this view. Everyone can have pool view when they walk down to the pool

 

[CaptainSGP]

Regardless of size, stacks with views were sold out first in the few hours (STACK 07, 08, 11, 12, 15, 16, 24). Need a good ballot number below 100-150 to even stand a chance.

Followed by stacks with partial views (STACK 23, 03, 04, 10).

After that it was quite evenly sold with preference for larger units (3+1, 4, 5 bedders).

I was monitoring it every hour yesterday .

Thanks for sharing Stacks 11, 12, 15 & 16 high floors have 180 degree unblocked views over landed enclave and are have reasonable relative pricing.

It's clear that most do not mind some road noise from YCK road in order to have an unblocked view.

 

[pippo20]

Wonder if price will increase after the 1 mth period.

EC launch pricing i think won't increase much since loan is restricted by MSR. And hdb surely will be watching the developer but i think former reason more valid though they can price it to max $16k salary MSR.

 

[skpuppy]

EC launch pricing i think won't increase much since loan is restricted by MSR. And hdb surely will be watching the developer but i think former reason more valid though they can price it to max $16k salary MSR.

No la. I think price can go up one. If they bother about MSR, they won’t price those 5 bedder $2mil already. Unless your pay is $15,000 and get 12 month bonus, I think a bit difficult to borrow $1.5 mil.

 

[ryanlam87]

Understand from my agent that tomorrow onwards all the unit will be priced at DPS price. Meaning all unit will up 3%. Congrats all who got a unit ytd.

 

[Passerboy]

EC launch pricing i think won't increase much since loan is restricted by MSR. And hdb surely will be watching the developer but i think former reason more valid though they can price it to max $16k salary MSR.

Pricing will go up if the sales of the project is good be it EC or Condo. The reverse is also valid if sales not good prices comes down. Developers are profit driven mah.