Waterwoods ec
My first stop by at the Lake District during my stay in great britain was obviously a memorable one. I recall sipping a cup of coffee in my little apartment that overlooked the river and being enthralled from the rustic charms of nature that spread before my very eyes. What followed next was a tinge of despondence, for your lush greeneries and waters were something which I could not be in my beloved home country, Singapore.
waterwoods ec
Now, fast-forward 5 years, as well as imagine my excitement if the Singapore government announced the rejuvenation of Punggol since the Waterfront Capital of scotland - the Modern day.
Punggol as the Waterfront Capital of scotland- the Modern day
Historically an angling village plus a sleepy estate in recent decades, Punggol is currently going for a radical transformation into a fantastic waterfront town.
In the centre of the development is really a 4.2 km long waterway that embodies three key elements of design: Green, Water and People. This impressive stretch of waterway comprises lots of different activities and facilities - from recreational to educational - all connected together through the natural landscape of waters and lush greeneries. It is no surprise why Pm Lee Hsien Loong described the waterway like a "green lung in the center of our tight city".
Make no mistake, Punggol is not all nearly undulating landscaped hills and blue waters. By 2015, you will see a brand new commercial hub and town plaza located right in the MRT station, and the town is poised being as big as Ang Mo Kio (an immensely popular mature estate in Singapore).
I strongly believe that these are valid good reasons to make an early investment in Punggol even though the opportunity continues.
The Lure of Executive Condos
I hear you ask - may be the opportunity to invest still there? Yes, and it is based on the chief Condominiums, fondly known as 'ECs'.
ECs are part of public housing in Singapore but full-grown and sold by private developers. This can be a government initiative that caters to homebuyers who're ineligible for that cheaper HDB flats but can't afford prices of non-public property.
Because of this, ECs will always be offered by a lot lower quantum (usually priced 20-25% lower) when compared with an exclusive condo sticking with the same facilities, hence making the former much more affordable.
Furthermore, interested EC First time clients who meet the criteria for your government housing grants (CPF grant) can also enjoy a subsidy of up to SGD $30,000. This is dependent on the combined monthly salary of the buyers. Another highlight is no resale levy for 2nd time buyers. To educate yourself regarding the eligibility, please make reference to the Housing Development Board's EC Eligibility.
The most important consideration for investing in ECs could be its strong potential for capital appreciation. Using a trend analysis, the price of ECs have risen considerably over time since its introduction into the housing industry. Park Green, launched in Apr 03 at $324 psf is currently fetching $746 psf, a handsome investment for a lot of. Bishan Loft, launched in 2001 at $421 psf, are now able to fetch above $1000 psf. This equals higher than a 100% capital appreciation.
After A decade of ownership, the EC will probably be privatized and is sold to foreigners. The ability to target a broad market essentially signifies that there's a larger market of possible buyers to market the EC to.
ECs inside the Punggol Vicinity
Thankfully for the many who are curious about investing in Punggol, there are some upcoming EC launches over the following few months.
At the heart of Punggol is Waterbay EC. The expected launch date is in Oct 12. Other great investment opportunities in the area include Heron Bay EC and Fernvale EC.
Now, fast-forward another 5 years, after i am sipping my cup of coffee in the apartment that overlooks the natural landscape and blue waters, it will not be in the UK, in my beloved home, Singapore.
waterwoods ec
Property Review - Janice is a promising agent at Singapore's leading property agency ERA. She is passionate and thinking about helping her clients spend money on the best properties in Singapore.
waterwoods ec
Now, fast-forward 5 years, as well as imagine my excitement if the Singapore government announced the rejuvenation of Punggol since the Waterfront Capital of scotland - the Modern day.
Punggol as the Waterfront Capital of scotland- the Modern day
Historically an angling village plus a sleepy estate in recent decades, Punggol is currently going for a radical transformation into a fantastic waterfront town.
In the centre of the development is really a 4.2 km long waterway that embodies three key elements of design: Green, Water and People. This impressive stretch of waterway comprises lots of different activities and facilities - from recreational to educational - all connected together through the natural landscape of waters and lush greeneries. It is no surprise why Pm Lee Hsien Loong described the waterway like a "green lung in the center of our tight city".
Make no mistake, Punggol is not all nearly undulating landscaped hills and blue waters. By 2015, you will see a brand new commercial hub and town plaza located right in the MRT station, and the town is poised being as big as Ang Mo Kio (an immensely popular mature estate in Singapore).
I strongly believe that these are valid good reasons to make an early investment in Punggol even though the opportunity continues.
The Lure of Executive Condos
I hear you ask - may be the opportunity to invest still there? Yes, and it is based on the chief Condominiums, fondly known as 'ECs'.
ECs are part of public housing in Singapore but full-grown and sold by private developers. This can be a government initiative that caters to homebuyers who're ineligible for that cheaper HDB flats but can't afford prices of non-public property.
Because of this, ECs will always be offered by a lot lower quantum (usually priced 20-25% lower) when compared with an exclusive condo sticking with the same facilities, hence making the former much more affordable.
Furthermore, interested EC First time clients who meet the criteria for your government housing grants (CPF grant) can also enjoy a subsidy of up to SGD $30,000. This is dependent on the combined monthly salary of the buyers. Another highlight is no resale levy for 2nd time buyers. To educate yourself regarding the eligibility, please make reference to the Housing Development Board's EC Eligibility.
The most important consideration for investing in ECs could be its strong potential for capital appreciation. Using a trend analysis, the price of ECs have risen considerably over time since its introduction into the housing industry. Park Green, launched in Apr 03 at $324 psf is currently fetching $746 psf, a handsome investment for a lot of. Bishan Loft, launched in 2001 at $421 psf, are now able to fetch above $1000 psf. This equals higher than a 100% capital appreciation.
After A decade of ownership, the EC will probably be privatized and is sold to foreigners. The ability to target a broad market essentially signifies that there's a larger market of possible buyers to market the EC to.
ECs inside the Punggol Vicinity
Thankfully for the many who are curious about investing in Punggol, there are some upcoming EC launches over the following few months.
At the heart of Punggol is Waterbay EC. The expected launch date is in Oct 12. Other great investment opportunities in the area include Heron Bay EC and Fernvale EC.
Now, fast-forward another 5 years, after i am sipping my cup of coffee in the apartment that overlooks the natural landscape and blue waters, it will not be in the UK, in my beloved home, Singapore.
waterwoods ec
Property Review - Janice is a promising agent at Singapore's leading property agency ERA. She is passionate and thinking about helping her clients spend money on the best properties in Singapore.