The Executive Condominiums in Fourth Avenue Residences singapore are also in order to as EC. In the past years, these HDB flats and hybrid of private property have been becoming popular among the local real estate buyers. The amenities offered by the ECs are usually comparable to that of the private properties. The ECs is one good way to enjoy luxury living. Their prices are quite affordable to the mass market.
Market and selling restrictions
The main difference among the Executive Condominium and the individual condominium may be the ownership restriction. Owners of the ECs to be able to fulfil a minimum of 5 years occupation time. This restriction is similar to the HDB ownership rules. Any EC owner can sell the unit only after 5 many years of occupancy. However, the information mill limited and the Singapore Citizens and also the Singapore Permanent Residents. Marriage ceremony EC will acquire its privatized status, it costs nothing to be sold to the foreigners. The privatized status can be acquired after 10 some time.
Because the ECs were meant for the use on the local homebuyers who do not want the prices of a person property and are also not legible to acquire new HDB flats, the restrictions were quite stringent. If you are an investor, investing your money in an EC isn’t favorable. The Executive Condominiums are also priced about 25% when compared with the private condominiums from the same subject. In addition, it is governed by a 99 year leasehold. The ECs are not considered for a freehold terrain.
Benefits of EC buyers
The EC buyers can apply for the CPF Housing grants. The CPF Housing grant has many set of eligibility expectations. To know if you are eligible, you can inquire to the Singapore government. The grant ranges from $10,000 to $30,000 but very much dependent within the evaluation of your household revenues.
The high return of investment among the EC properties are definitely dependent on their own location. The facilities offered by the ECs are much better the kind of amenities you can buy from the condominiums located in the area. The Bishan Loft has been considered as among the top performing ECs. Its proximity for the Bishan MRT station rrs incredibly appealing to the working training session. Besides, it lies close to the Bishan Junction 8 nearby mall and the MacRitchie Reservoir Park.
What to buy? EC or BTO?
The ECs are designed by private web developers. The potential buyer of ECs are individuals who can afford on the BTO but cannot pay the price on a private residence. The BTOs are being sold at a subsidized price so to be able to to raise cash the upfront paying. The budget and the restrictions of the EC should be considered more completely.