Friday , 18 April 2014
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  • MND refines EC housing scheme – New EC Cooling Measures

    MND refines EC housing scheme – New EC Cooling Measures

    Refining of EC Housing Scheme by MND – New EC Cooling Measures The Singaporean government recently introduced three ways to refine its Executive Condominium Housing Scheme. On a statement released on Monday, the Ministry of National Development said that three new measures will be implemented. This would then bring the terms of EC development nearly the same as public housing which would sustain the EC market. Reduction of EC Cancellation Fee From 20%, the cancellation fee for this type of property will be reduced to only 5% of the purchase price. This measure intends to help buyers be relieved with the financial woes of cancelling their EC bookings upon signing the Sale and Purchase Agreement. However, this new rule will only be applied to EC land sales which launched on or after December 9, 2013 with the inclusion of those which tenders have not been closed yet. As of now, EC’s cancellation fee is 20% of the purchase price which is similar to the cancellation fee for private housing. But, unlike private housing, EC units cannot be sub-sell to their buyers unless the purchase has been completed. Otherwise, they would be oblige to cash out for the cancellation fee. Such ... Read More »
  • Khaw Hints At Changes to EC Scheme

    Khaw Hints At Changes to EC Scheme

  • 27Aug13 HDB Cooling Measures

    27Aug13 HDB Cooling Measures

  • Resale ECs Close to Private Home Prices

    Resale ECs Close to Private Home Prices

  • Which are the ECs not Affected by the Second Timer Resale Levy

    Which are the ECs not Affected by the Second Timer Resale Levy

    Below are the current on-going ECs (already launched) that will not be affected by the Second Timer Resale Levy Skypark Residences EC @ Sembawang  Forestville EC @ Woodlands Twin Fountains EC @ Woodlands Sea Horizon EC @ Pasir Ris  Waterwoods EC @ Punggol Field Walk Lush Acres @ Sengkang Ecopolitan @ Punggol Walk Resale levy will not be imposed for these Government Land intend for EC development (Land already Sold). It also shows how much did the developers bid the land for and factor in the all the development & marketing cost showing the estimated breakeven ($PSF PPR). Woodlands EC @ Woodlands Ave 5 Sengkang EC @ Anchorvale Crescent Yuanqing EC @ Jurong Punggol EC @ Punggol Central Punggol EC @ Punggol Drive Jurong EC @ Yuanqing Road The new measure implemented on 09 December 2013 by MND that will affect the Second Timer applicants the most. Resale levy will be imposed for these Government Land intend for EC development (Land yet to be sold). Choa Chu Kang Grove (Land Parcel A) Choa Chu Kang Grove (Land Parcel B) Anchorvale Crescent Canberra Drive Westwood Avenue   If you liked this post, please share it. Thanks To Print Read More »
  • Sea Horizon EC Latest Update!

    Sea Horizon EC Latest Update!

  • Forestville EC Latest Update!

    Forestville EC Latest Update!

  • Skypark Residences EC at Sembawang Latest Update!

    Skypark Residences EC at Sembawang Latest Update!

  • One Canberra Latest Update!

    One Canberra Latest Update!

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