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With the cooling down of property market, what do you think of the capital potential for the EC market? it seems that EC prices have also reached an unprecedented high in tandem with the private condo price. Do you think I should enter the market now or wait a while for the price to come down a little before deciding on one. I have sold my HDB flat.
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4 Answers

Hi Mr Kwok, to advice you question, I would like to share with you the opportunity cost. Please drop me an email for me to share.

I am contactable at my mobile or email.

CK Ang
 9046 3808 
res.ckang@gmail.com Read More
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Hi Ken, it is quite unlikely for the prices to come down as there are several key factors like land prices and etc and most of it will be covered by my CEO from Propnex. He will sharing at The Amore EC showflat this weekend. Do let me know if you could make it so that I could register your name as well as there will be light refreshment. Would like to encourage you to come as you may have tons of question and could get it sorted out that day.

Regards
Aaron
 97308455 
aaronchong2774@yahoo.com.sg Read More
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Hi,

If you are talking about new ECs, it is unlikely the prices will come down too much since the land costs are already committed, and it is after all, a public-private form of hybrid housing option, they have to consider the buyers who committed earlier.

The locality where ECs are located such as Punggol and Woodlands have various growth drivers and are set for various developments in the next few years. Capital appreciation potential is there and can share with you more details.

Entering the market later will become more restrictive as land costs become higher (can show you the statistics that land costs are constantly increasing), and with surrounding infrastructure becoming constructed. Also financing becomes more of an issue if you wait too long as the max age your loan tenure you can stretch till will be 65.

Thanks and may I understand your requirements further before value-adding?

Warm regards,
Ivan ERA
 97432395 
Ivanng10@gmail.com
Www.ivanng10.com Read More
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Hi Ken,

The general dynamics of property sales in Singapore is still all about profit making. It is a question only about how much profit to make from the sales, although we do see random sales which are negative going around, but still part and parcel about stopping bleeding in those scenarios.

The general indication that property market is cooling does not mean that the sellers who have sold are selling at a loss, it simply indicates that they are selling for less profit so that they move on to another property or option of investment and the drop in profit could potentially be made back from their subsequent purchase or investment. Since you have already sold off your property, by purchasing now, you would have already determined your baseline price in future for sales if needed, otherwise I suppose this will be your family home for long run. By making a decision now, you will then be more in control of what holds in future, instead of trying to anticipate what will come along and not being able to be in control. What happens if prices starts shooting upwards next year?

I will rather you buy a day earlier than a day later.

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Regards,

Geryl LIM
Real Estate Director
Masters Of Real Estate
M.O.R.E Property Pte Ltd (L3010548F)
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