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1 million Executive Condo

Seaweed

By Seaweed,
in Property Buzz

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Joseph22

Joseph22

Turbocharged

new...not look at this...not resale...ha ha ha

 

http://www.propertyguru.com.sg/property-se...p;search_btn=Go

 

ok...probably only the penthse will go above 1 mil...with 4 bedder closeby...

 

 

then how come got salary cap?? or you mean you know this couple with 10K PA buying a 1 million property?

sorry i am asking cause want to understand your question a bit more.

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Joseph22

Joseph22

Turbocharged

got... the canopy @ yishun and the esparina @ Buangkok MRT.....

 

 

got the link?? interested to see how they are going to design it.

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Seaweed

Seaweed

1st Gear
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ha ha ha...very simple...to buy a new EC(executive condo)...your combine family income must be between 8k to 10k...so how can a family with combine income of 8k to 10k afford a 1 million EC....unless well....they got lots of cash somehow from somewhere...now they just want to buy a EC....or parents give them alot of money as downpayment etc etc....ha ha ha...clear ??? [laugh][laugh]

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Nose85

Nose85

Neutral Newbie

i dont understand why people are willing tgo pay 1 mil for hdb but not willing to buy condo for less such as areas in the west with the same floor area

 

 

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Wiltanws

Wiltanws

Neutral Newbie

ha ha ha...very simple...to buy a new EC(executive condo)...your combine family income must be between 8k to 10k...so how can a family with combine income of 8k to 10k afford a 1 million EC....unless well....they got lots of cash somehow from somewhere...now they just want to buy a EC....or parents give them alot of money as downpayment etc etc....ha ha ha...clear ??? [laugh][laugh]

 

Why cannot afford leh? If borrow 80% at 800k for 30 years, each month repay about $3k. CPF can cover about $2k every month for both husband and wife, only need to top up $1k every month.

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Blackyv

Blackyv

Turbocharged

got the link?? interested to see how they are going to design it.

 

 

beside that 2, recently, punggol has 2 lot open for bidding and another one at sengkang(near anchorvale).... so, hdb is really going all out to make as much as possible by riding on the recent hike..... [sweatdrop] i hope these buyers wont face the same destiny as those 10yrs+ ago EC buyer faced.... [sweatdrop]

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Blackyv

Blackyv

Turbocharged

i dont understand why people are willing tgo pay 1 mil for hdb but not willing to buy condo for less such as areas in the west with the same floor area

 

 

seriously, i also dont understand why..... my sil bought a 3 storey terrance at 1.4mil at jalan kayu but around the same period, some people are willing to pay above 1mil+ for a condo at amk... [shakehead]

 

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Deputylove8

Deputylove8

Neutral Newbie

got BTO EC costing around 1 million meh??

Yup. 2 bedroom penthouse. It's the EC at Sengkang to be released soon in Oct.Like everyone,Im perplexed as to how someone whose salary is less than 10k is able to afford the downpayment and monthly. It's just crazy. Hdb has got it all wrong this time. The prices of Ec should be waaaayyy lower than that say 400-600 for the biggest Ec.

 

Now 2 bedroom ec starts at 640k. That's crazy.

 

We need a new housing minister that can help resolve this mess n make sure there are enough homes for Singaporeans first before they talk about welcoming foreigners.

 

If your family is hungry, who would you feed and shelter first, your family or outsiders?

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Looprevil

Looprevil

Neutral Newbie

Don't Really understand, If the Psf for a EC is so close to a Condo,why call it EC? The new EC at Buangkok ( esprina ) estimate Psf is $8++. For that kind of pricing, may as well go for a Condo instead with no restriction.

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Deputylove8

Deputylove8

Neutral Newbie

got the link?? interested to see how they are going to design it.

You gotta contact the agent to get the quotes. I did. She emailed me the forms etc. I was appalled at the prices. You can get a private condo like oasis at the very same price.

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Deputylove8

Deputylove8

Neutral Newbie

Don't Really understand, If the Psf for a EC is so close to a Condo,why call it EC? The new EC at Buangkok ( esprina ) estimate Psf is $8++. For that kind of pricing, may as well go for a Condo instead with no restriction.

 

Agreed bro. :). One might as well go for privates

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Looprevil

Looprevil

Neutral Newbie
(edited)

Forget that EC. If you have cash, go for the balance units at Kovan Residence ..around $8++ Psf..somemore TOP soon. Maybe can ask for a little discount from the Developer.

Edited by Looprevil
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Joseph22

Joseph22

Turbocharged

You gotta contact the agent to get the quotes. I did. She emailed me the forms etc. I was appalled at the prices. You can get a private condo like oasis at the very same price.

hiaz.. look like i will have to wait for the market crash before i can buy a condo in the west liao.

 

even floravale are marketing at 740K liao

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Jchuacl

Jchuacl

Clutched

That is the problem now, the interest rate is low and hence pple are committing high loan quantum. When the increase rate increase to 3 to 4 percent, then it'll be a big problem for many pple and I expect the price will come down.

 

wah u using what kind of interest rate...if sibor runs to 6....they will go jump singapore river leh

 

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