8 Answers

Hi,
Your best opportunity is to try for an EC (1st or 2nd time buyer) if your combined family income is below 16k per month. If the combined income exceeds 16k, then the most affordable condo purchase might be to buy a resale EC (sold after 5 years MOP).

Please contact me so that I can be of further assistance. As a buyer, you do not pay me any fees but you benefit from my experience and expertise.
Cheers!

Elan Govan
MABA (Lancaster)
 90170747 
jayelan@gmail.com
www.goodpropertiesguide.com Read More
0
Hi,

If your monthly household income is 16k and below, new EC will be the obvious choice as it comes brand new with good capital appreciation potential after the 5 year MOP period. New EC is also selling 20% - 30% cheaper than comparable outer central region condos (approx 1500 psf vs 2000 psf), which upon MOP will converge closer and you can sell to SC or SPR family households.

If your income exceeds 16k, can also resale HDB at a central area with one owner one occupier set up. For condos, will suggest areas where the URA master plan has outlined transformation or new infrastructure developments to develop the area where you can ride the growth trends. I am contactable at 97432395  for further discussion

Hope the above clarifies. May I have more info and requirements about your plans so as to make better recommendations? Thanks and look forward to value-add to your housing plans.

Warm Regards,

Ivan Ng Realtor
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Buyer
Mr Wang & Ms Ng : We want to convey our thanks to Ivan, who helped us find our first home. Ivan was very responsive when we first met, and took time to understand our needs and requirements for our first home. He helped us narrow down our criteria and gave us good advice on how to structure our mortgage as well. He also made a great recommendation of an area we never thought of, and it was where we eventually bought our home. We appreciate Ivan's thoroughness in pros and cons of all our options that we viewed. We never felt pressured or rushed to make a decision. In fact, Ivan gave honest and useful inputs on the considerations of acting immediately or waiting. All in all, it was a very smooth experience and we ate very happy with the unit we bought. Thank you very much, Ivan! Read More
1
YT Tan (陈永达)
Good morning,

Actually there's no one size fits all plan. Perhaps you can share more with me so I will be in a better position to advise and assist you further?

Just for sharing, I used to own an EC and yes i profited from the eventual sale but this realised gain was after years of construction and 5 years MOP. If you want something safe, yes other than BTO, EC will be the safest. Question will be you wait?

If not will private condo be it resale or new be better?

My current condo was bought with the intention to be near my kids' primary school but with the ongoing transformation in the area, value of my place went up quite substantial as well.

I even helped friends/ clients to own 2 properties within a few years so it depends on your situation and comfort level.

Hear from you soon so I am able to share more!

Best regards,

YT Tan
Property Kaki
You dream. I create. We make it happen!

Association of Chartered Certified Accountants Graduate
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Contact:
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1
Hi,

I would be most glad to assist you further and pls feel free to let me know if you need any assistance. Have a good day ahead. By the way, if your budget allows, it is always advisable to go for a private condo.

Regards
Aaron Chong
 9730 8455 
aaronchong2774@yahoo.com.sg Read More
0
Hi, appreciate your sharing. Allow me to share my personally journey which I started at age 26 for 1st property purchase.
Looking forward to assist you at 9696 4398  or email me at stewartlim96964398@gmail.com

Cheers
Stewart-PropNex Read More
0
Hi Sir/Mdm,

If you below to the sandwich class, it is best to go for new ECs if you are able to wait for the project to be ready. This is because the unit will be brand new and therefore you can save on the renovation cost. More importantly, you are going in at a low psf price and quantum, which means plenty of upside in the long run.

If you are not able to wait, then resale EC is an option as they are considered value for money and has good layout and facilities. PSF price is still low and there will be more room for growth.

Please feel free to contact me so that I can gather more information from you, analyze your situation and come up with the comparison for the different options so that you can have a better idea before deciding.

Regards,
Nick Tan
(M) +65 96 44 48 54
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Cert-in-REA
(E) nick96444854@gmail.com
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Testimonial from Satisfied Clients
“We have the privilege to work with Nick on our recent house purchase and we are extremely grateful for all the help he rendered to make the purchase a seamless experience!

Nick is attentive to all the requirements we have for our purchase and in the short span of time, he was able to provide us with potential shortlisted units that meet our criteria. (A big lifesaver for family with young kids and limited availability!) When conducting a viewing, Nick is highly proactive as he can be seen taking notes, asking questions, checking the conditions (that we missed or never thought of) and etc.

Overall, Nick remains reactive and portrays professionalism in this entire process. We would definitely recommend him to our friends and family who are looking for their next home/move opportunity.”

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We are very happy and satisfied with his services and will definitely recommend him to our friends and family in the future.”
Mr & Mrs Tan (Seller of Inter-Terrace House) Read More
1
Hi jmutes ss,

Not easy to determine, as most sandwich income group will go for EC, the most difficult portion for this choice is to come up with the downpayment and there is usually a loan amount shortfall due to MSR in place for loan versus the loan required due to the increasing quantum price of a brand new EC. For resale EC or condo, the loan considerations are based on TDSR instead of MSR, which means you will likely be eligible for a higher loan amount.

I have been in the real estate business since 2009, with more than 14 years of experience serving the Singapore real estate market.

I am very active in the residential segment of Singapore real estate market, having transacted hundreds of deals from HDBs to private condominiums and landed properties in Singapore, and have handled many unique cases in sales and purchases as well as rental deals.

Over the years, I have also established a network reaching out to more than 9,400 expatriates, bringing my market presence to both in and outside of Singapore. This has created an additional exposure when I manage my client's portfolios, on top of the conventional on and offline platforms, where other estate agents are relying on. This has allowed me to consistently convert leads into results.

With an evolving market, where change is the only constant, I have also been investing in upgrading of my knowledge and skills sets to improve myself and meet the demands of current and future market.

We are offering our clients a complimentary first consultation without obligations (Absolutely FREE!). Schedule for your FREE session today!

Warmest regards,
Geryl Lim
Associate Group Director
Email: geryl.lim@orangetee.com / geryl7772@gmail.com
OrangeTee & Tie Pte Ltd 430 Lorong 6 Toa Payoh #01-01 OrangeTee Building Singapore 319402
Estate Agent Licence No. L3009250K
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My Answer with regards to your Question:

If your combined household income falls within the "sandwich" income group (dual income over BTO limit), the best property option would depend on your specific financial situation and preferences. However, here are some suggestions :

New Executive Condominium (EC): If your monthly household income is $16,000 and below, a new EC could be a suitable choice. ECs offer brand-new units with good capital appreciation potential, especially after the 5-year Minimum Occupation Period (MOP). They are typically priced lower than comparable condos in the outer central region, making them more affordable.

Resale EC: If your income exceeds $16,000, you could consider purchasing a resale EC after its 5-year MOP. Resale ECs offer similar benefits as new ones but may have a wider range of locations and unit sizes available.

Allow me Assist Further Read More
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