WTB New Launch EC - What to expect

[missynuttie]

Think both the projects should be quite popular looking at the sell out rate from previous projects

yeah.. furthermore its been more than 10yrs since PR got new EC launch.. so those tat are looking, would probably try their luck for this one..

 

[Nemesis_lane123]

Hi guys,

i'm was discussing with my partner recently if we should move to an ec after our MOP. Was debating if committing 300-400k (cash + cpf) for the down payment & extended loan (600k-800k) worth going down this route anot

Any input will be much appreciated. Thanks

I will give a contrarian view as I explored the same situation. After my lavender BTO, I went for a Kallang 5-room resale, high floor.

The money I could have pumped into the EC I pumped into S&P and hit CPF FRS fr my wife and myself by 36. 5-year HDB is 1 year left to pay, and with cash and retirement buffer, we feel quite secure in today's climate.

I would say that upon analysing with my wife, our S&P portfolio has outperformed EC gain, and we feel that we have no regrets, as honestly, it is a low-stress lifestyle, and even if 1 of us lose our jobs, we will be fine. Even if both lose jobs, we will also be fine for 2 years. We are able to go for 6 holidays a yea,r bring our parents on 4 of those trips.

Anyways whatI am saying is that if the EC gives u a nice place to stay, go for it. Just note that in light ofthe resale volume transaction dropping significantly, any short gains better be ruled out so it is better to go for the EC especially if it gives u a better lifestyle.

For myself, wife n kids n parents-in-law in law, as everything operates near town, we felt the EC would result in aan dditional 30 mins travel time for everyone and honestly, i hate driving in spore during peak periods unless necessary.

 

[elvintay07]

I will give a contrarian view as I explored the same situation. After my lavender BTO, I went for a Kallang 5-room resale, high floor.

The money I could have pumped into the EC I pumped into S&P and hit CPF FRS fr my wife and myself by 36. 5-year HDB is 1 year left to pay, and with cash and retirement buffer, we feel quite secure in today's climate.

I would say that upon analysing with my wife, our S&P portfolio has outperformed EC gain, and we feel that we have no regrets, as honestly, it is a low-stress lifestyle, and even if 1 of us lose our jobs, we will be fine. Even if both lose jobs, we will also be fine for 2 years. We are able to go for 6 holidays a yea,r bring our parents on 4 of those trips.

Anyways whatI am saying is that if the EC gives u a nice place to stay, go for it. Just note that in light ofthe resale volume transaction dropping significantly, any short gains better be ruled out so it is better to go for the EC especially if it gives u a better lifestyle.

For myself, wife n kids n parents-in-law in law, as everything operates near town, we felt the EC would result in aan dditional 30 mins travel time for everyone and honestly, i hate driving in spore during peak periods unless necessary.

Not wrong la. But this kind of too safe approach is too “safe”. Today nothing beat EC. Imagine buy for $700k and downpayment is like $200k. Then exit and earn another $700k is like 3x in 7-8 years. s&P500 cannot 3x in 7-8 years la.

Actually last time I used to think like you. But nice property can relax and enjoy inside. Buy S&P500 can do what? You go China tell ppl 36 year old got 2 property, ppl clap for you. You tell them you got $10 million worth of Palantir stock, they probably don’t know what cock we saying. Nevertheless ownself happy can liao. Everyone only live once

 

[Celibrium]

Not wrong la. But this kind of too safe approach is too “safe”. Today nothing beat EC. Imagine buy for $700k and downpayment is like $200k. Then exit and earn another $700k is like 3x in 7-8 years. s&P500 cannot 3x in 7-8 years la.

Actually last time I used to think like you. But nice property can relax and enjoy inside. Buy S&P500 can do what? You go China tell ppl 36 year old got 2 property, ppl clap for you. You tell them you got $10 million worth of Palantir stock, they probably don’t know what cock we saying. Nevertheless ownself happy can liao. Everyone only live once

The only problem is that today's EC is no longer 700k. We are looking at close to 2M just for a 3 bedder for the upcoming two launches, which is easily half a million downpayment and possibly even more upfront cash because of 30% MSR = max 1M+/- loan.

 

[Nemesis_lane123]

Not wrong la. But this kind of too safe approach is too “safe”. Today nothing beat EC. Imagine buy for $700k and downpayment is like $200k. Then exit and earn another $700k is like 3x in 7-8 years. s&P500 cannot 3x in 7-8 years la.

Actually last time I used to think like you. But nice property can relax and enjoy inside. Buy S&P500 can do what? You go China tell ppl 36 year old got 2 property, ppl clap for you. You tell them you got $10 million worth of Palantir stock, they probably don’t know what cock we saying. Nevertheless ownself happy can liao. Everyone only live once

Now where to find 700k ? Lol. If 700k, 4 bed room I would grab rdy. S&P I have some but mostly cash I holding a big reserve. What can u do with this kinda liquidity, anything u can afford. Like tdy I wanna eat a gd steak, I can tomorrow best dim sum I can. Car repair non-issue, anything spoil in the house non worries.

For my family size, the EC units are usually between 1.9-2.3 mil. Anyways I have not ruled out EC totally. My HDB presently could get me 1.3 mil. I m just calculating even if I top up 700k fr the EC, where is the upgrade?

In terms of size same, location sure lose out. Hawker centre lose out, mrt lose out. Have to see if having a xtra 15 years of lease +swimming pool n small gym is a better trade off.

Anyways there are many ways to Rome!

 

[SecretAgent]

Coastal cabana ec at pasir ris sales brochure out... Launching in a few weeks?

Indicative price like still stable

 

[elvintay07]

Now where to find 700k ? Lol. If 700k, 4 bed room I would grab rdy. S&P I have some but mostly cash I holding a big reserve. What can u do with this kinda liquidity, anything u can afford. Like tdy I wanna eat a gd steak, I can tomorrow best dim sum I can. Car repair non-issue, anything spoil in the house non worries.

For my family size, the EC units are usually between 1.9-2.3 mil. Anyways I have not ruled out EC totally. My HDB presently could get me 1.3 mil. I m just calculating even if I top up 700k fr the EC, where is the upgrade?

In terms of size same, location sure lose out. Hawker centre lose out, mrt lose out. Have to see if having a xtra 15 years of lease +swimming pool n small gym is a better trade off.

Anyways there are many ways to Rome!

This type of things ppl keep saying and repeating like broken clock. Stock market also like this. lol! 10 years later, people will say “if $2000psf, lim peh sell underwear, bra also buy”. This thing keep repeating and I kept hearing from those ppl who kpkb. That is why historian are not rich because they all hoping for invention of Time Machine and not forward looking.

BTO is the safest thing to buy in the world, if BTO also lost money, drink water also may choke and die.

 

[SecretAgent]

Coastal cabana no 30% 2nd-timer quota restrictions!

Just ballot for a good number and prepare money go buy

 

[8zaoyu]

Coastal cabana no 30% 2nd-timer quota restrictions!

Just ballot for a good number and prepare money go buy

Buy EC at current psf price also have to wait 5 year MOP to become Pte Condo, why people buying ha, near Primary Schools (parents and maids bring the kids there?) and faraway MRT to workplace can liao meh

 

[SecretAgent]

Buy EC at current psf price also have to wait 5 year MOP to become Pte Condo, why people buying ha, near Primary Schools (parents and maids bring the kids there?) and faraway MRT to workplace can liao meh

Actually...this pasir ris EC quite far and a distance to the city

 

[missynuttie]

Actually...this pasir ris EC quite far and a distance to the city

thats why their psf is from 1639 onwards... if near to city, probably close to 2000psf le

 

[SecretAgent]

thats why their psf is from 1639 onwards... if near to city, probably close to 2000psf le

That will be for the least desireable units, i.e low floors , less than ideal facing etc.

I believe this one the price range might touch 18xx psf for those super large sea facing high floors units

 

[Rxgn]

That will be for the least desireable units, i.e low floors , less than ideal facing etc.

I believe this one the price range might touch 18xx psf for those super large sea facing high floors units

broski, otto place highest sold psf is 1909psf already.

for sure Coastal cabana can reach around the same.