Rivercove Residences

[Mergui219067]

Wow.

Many here condemned it for its high price when first launched .

 

[annetyu]

Wow.

Many here condemned it for its high price when first launched .

It’s a fact that price is high, but still affordable because of all the grants for EC and river cove is their only choice left in that area.

Buyer bought because bo bian. Want to use grant have to buy this..

 

[Mergui219067]

Next episode : Sumang

 

[pepsitwist]

It’s a fact that price is high, but still affordable because of all the grants for EC and river cove is their only choice left in that area.

Buyer bought because bo bian. Want to use grant have to buy this..

If can get alot of grants in the first place, does that mean buyer already paying more than what they can comfortably afford?

 

[fotoudavid]

Grant plays small part only. Those bought earlier like 2 or 1 years ago many choices, now is no choices... Strange thing is PARC life got many unsold units compare to rivercove..

But I believe will all clear fast as left less then 50 units combined.

 

[AlohaBeach]

Only buy EC if you are prepared to live in it for rest of your life.

Chance of making profit when selling or renting out is very small.

When MOP reached, many people in the condo will be selling, not just you. And how many people want to buy resale EC?

 

[fotoudavid]

Only buy EC if you are prepared to live in it for rest of your life.

Chance of making profit when selling or renting out is very small.

When MOP reached, many people in the condo will be selling, not just you. And how many people want to buy resale EC?

Till date, all ec made money unless buyer bought it at higher price compared to neighbors.

 

[AlohaBeach]

Till date, all ec made money unless buyer bought it at higher price compared to neighbors.

Make money is relative. Unless one doesn’t buy a replacement property.

Also that is assuming the buyer can sell in the first place. We don’t count paper gains. Like that everyone in Singapore also made money.

 

[iCubes]

Only buy EC if you are prepared to live in it for rest of your life.

Chance of making profit when selling or renting out is very small.

When MOP reached, many people in the condo will be selling, not just you. And how many people want to buy resale EC?

Like any property, the prices and saleability depends on many factors - location, age, condition, amenities, facilities, transport, etc. EC is just the category of housing, but it wont matter as much to the buyer as the factors listed above.

 

[AlohaBeach]

Like any property, the prices and saleability depends on many factors - location, age, condition, amenities, facilities, transport, etc. EC is just the category of housing, but it wont matter as much to the buyer as the factors listed above.

Ok, assuming EC is just a category (which in reality people don’t think so) which EC got the above factors u mention? Bishan loft and Nuovo maybe?

 

[iCubes]

Ok, assuming EC is just a category (which in reality people don’t think so) which EC got the above factors u mention? Bishan loft and Nuovo maybe?

Im not saying any EC has all the factors. Im saying those factors determine the price/value for the buyer. There are buyers who can't afford to buy those properties that have everything on their checklist, so they just buy whatever they afford but still an upgrade from their HDB.

For example look at tampines avenue 10. There are so many condo properties along that stretch and Gov just recently released a land there for an EC. That location is quite remote and far from any amenities but yet the condos sold pretty well. When the new EC is launch...many people will snap it up too cos it has a lower entry price point than private projects and you can sell at market prices next time.

 

[fotoudavid]

Im not saying any EC has all the factors. Im saying those factors determine the price/value for the buyer. There are buyers who can't afford to buy those properties that have everything on their checklist, so they just buy whatever they afford but still an upgrade from their HDB.

For example look at tampines avenue 10. There are so many condo properties along that stretch and Gov just recently released a land there for an EC. That location is quite remote and far from any amenities but yet the condos sold pretty well. When the new EC is launch...many people will snap it up too cos it has a lower entry price point than private projects and you can sell at market prices next time.

Hmmm…. might not be the case any more since developers very hard up for lands…. but confirm lower then Tapestry the limit on $14000 will made developer think hard now. The Serangoon two launches wake up developer and If Suman a success, then Tamipnes will see another $1100 PSF launch.

 

[Clazav]

It’s a fact that price is high, but still affordable because of all the grants for EC and river cove is their only choice left in that area.

Buyer bought because bo bian. Want to use grant have to buy this..

There is no such thing as bo bian when buying properties other than hdb. If you just want a roof, hdb is enough.

 

[annetyu]

There is no such thing as bo bian when buying properties other than hdb. If you just want a roof, hdb is enough.

But some people die die want to stay condo. They think buy ec automatically propels them to top 20%.

 

[Clazav]

But some people die die want to stay condo. They think buy ec automatically propels them to top 20%.

Ya they will also be ppl who wanna buy condo too. Some would die die want new condo. Some die die want landed.

 

[Clazav]

Hmmm…. might not be the case any more since developers very hard up for lands…. but confirm lower then Tapestry the limit on $14000 will made developer think hard now. The Serangoon two launches wake up developer and If Suman a success, then Tamipnes will see another $1100 PSF launch.

If I'm Tapestry owner I'll be unhappy with having an ec plot nearby. Spoil market.

 

[Clazav]

Make money is relative. Unless one doesn’t buy a replacement property.

Also that is assuming the buyer can sell in the first place. We don’t count paper gains. Like that everyone in Singapore also made money.

True, so you can make money if you downgrade or sell one property out of the multiple properties you have.

 

[Mergui219067]

Someone here doesn’t know most recent EC buyers are already in quite good paper gain .

The real gain in a few years time esp if they downgrade to HDB flats later.

 

[fotoudavid]

Someone here doesn’t know most recent EC buyers are already in quite good paper gain .

The real gain in a few years time esp if they downgrade to HDB flats later.

This is true. When kids grows up and out they went, it's time for parents to downgrade, cash out and retired.

This is especially when ec owners can sell cheaper then next door condo. Provided don't use rivercove as guide.

 

[Zetrio2006]

Now with Rivercove Residences almost sold out, the next big thing is Riverfront Residences!