Jump to content

Upgrade to EC


Starhub
 Share

Recommended Posts

 

Bro,

 

I was told thelakelife ec is the last ec no need to pay resale levy because the developer bought the land before the new policy on resale levy.

 

I have more allowance due to OT that's why exceeded, it's stated that allowance is included [:(] . http://www.thelakelife.com.sg/e-application-online/documents-required-for-booking

 

The reasons why I am looking to upgrade since last year is because my friends who bought EC last time made ~$500K after 5 years, they sold their EC and bought a resale HDB back, they are debt free now. I am told that the EC price is still cheaper than private and after 5 years becoming private, it will appreciate. I just want to make some money and move back to hdb to retire [:)]

 

The person just emailed the financial calculation, after moving into ec and sold my flat, my monthly payment also not high and affordable. now my only concern is the exceeding of income but this person sound like very experience said can help me. cross fingers.

 

Thanks all the bros for your advice.

 

why go 1 big circle taking a huge risk on the way just to stay back in a resale hdb when you already have a fully paid up one in the first place?

↡ Advertisement
  • Praise 2
Link to post
Share on other sites

 

 

any govt housing project is targeting at couple mean husband and wife, not even a single is allowed to apply, also not more than 2.

 

That means if my wife isnt working, only one income is counted right? Always wondered how it works.. [laugh]

Link to post
Share on other sites

Turbocharged

 

why go 1 big circle taking a huge risk on the way just to stay back in a resale hdb when you already have a fully paid up one in the first place?

 

You good. Asked the question that was on my mind [laugh]

Link to post
Share on other sites

Exactly what I said, you cannot choose your neighbors. Either you develop the relationship, or you're lucky to be with nice ones. But they certainly help better your living environment.

 

 

 

If you don't like them ... Buy them out ... [laugh] ... I'm just kidding ... Boring Tuesday ...

Link to post
Share on other sites

 

That means if my wife isnt working, only one income is counted right? Always wondered how it works.. [laugh]

 

tiagong can take 3 month sabbatical, then apply [sly]

Link to post
Share on other sites

 

My friend, you must remember that noise travels upwards ... 20 Storey up ... You can hear MRT, Traffic, Play Ground ... [nod]

Then should stay which level best? Low level also can hear, high level also can hear?

Link to post
Share on other sites

Turbocharged

 

tiagong can take 3 month sabbatical, then apply [sly]

 

OMG! You came up with a fantastic loophole! Cannot praise you yet :D

Link to post
Share on other sites

Then should stay which level best? Low level also can hear, high level also can hear?

 

 

stay higher up where the noise gets weaker, i think....... [laugh][laugh]

Edited by Jman888
Link to post
Share on other sites

 

tiagong can take 3 month sabbatical, then apply [sly]

 

Wah good idea.. [idea]

 

What if after 3 months sabbatical total combined income exceeds the limit - then how?

Link to post
Share on other sites

 

Wah good idea.. [idea]

 

What if after 3 months sabbatical total combined income exceeds the limit - then how?

 

 

once your application was accepted and chosen the unit and all document signed, then start work.

  • Praise 1
Link to post
Share on other sites

who don't want to upgrade from HDB to EC and make $500K [thumbsup]

 

the keyword here is last time ... last time EC is sibei cheap ... now all close to $1M !

bishan HDB better ... last time buy $350k-$400k now sell $1M ... [:)]

 

One agent told me that, I told her, wait till you hear my grandmother last time how much she bought her bungalows, can I sell already buy one that price? If can, she won't be prostituting her wares to me.

Link to post
Share on other sites

 

 

once your application was accepted and chosen the unit and all document signed, then start work.

 

Seems like a loophole many people are exploiting :ph34r:

Link to post
Share on other sites

Create an account or sign in to comment

You need to be a member in order to leave a comment

Create an account

Sign up for a new account in our community. It's easy!

Register a new account

Sign in

Already have an account? Sign in here.

Sign In Now
 Share

×
×
  • Create New...