Thing You Ought To Know When Buying An Executive Condominium

Before you go straight to point of buying a ec condo, there are some few things to consider and we are going to help you get through it before you get into any funny trouble. The tips are as follows 

First, you need to know if you are eligible to buy a new executive condo at Choa Chu Kang. Different countries have different rules and regulations. 

Here are some eligibility criteria considered in Singapore, 

  • Age should be above 21 years 
  • If you are planning on buying a singles scheme, you need to have citizenship pf Singapore 
  • To qualify for a EC household, you income should not exceed $14,000 

And there are many more under family and property ownership as well. Make sure you check if you are eligible before you move forward. 

Once you know you are eligible, consider your budget, type of property you are looking forward to buy and the additional facilities. 

Did you know that after 10 years of living in these condominiums, they are automatically turned into private property?  And you will no longer be restricted by the HBD rules and regulations. 

Once the property is made private you can have it invested or sold to a foreigner. If you are planning on heading that way, you need to check the market as well, what sort of location foreigners tend to buy from and so on. Check out the Inz Residence EC site plan and get an idea on where you plan on buying. 

You need to also learn about the payment schemes regarding the condo. There are 2 schemes as Deferred Payment Scheme (DPS) and Normal Payment Scheme (NPS). Make sure you learn or have an idea on how the payment works and whether you are able to work it out. 

Also, make sure you ask them about the maintenance fee. Now this differs from one condo to another so make sure you get it sorted out as well. 

Another advantage is that you pay lesser to an ec condo than a private condominium but gets almost the same facilities. Nowadays you can hardly tell the difference between them.  

And before you start upgrading do make sure that you have researched on what you have to do. For example, there are levees that are to be paid if you purchase a HBD flat after selling one and the price differs from the size.   

Hope you have an idea on how to purchase a new ec for you or your family. It does look a bit tricky, but if you go through all the rules and regulations that you are to follow carefully, it wouldn’t be a big deal. Do your homework, have it all researched and ask from you friends who live in condos. You’ll get clearer idea. 

Important Things To Know Before Investing In An Executive Condo

When it comes to living Singapore, to help with the lifestyle that you are living and everything about it, the best residential plan that you can invest in it is an executive condo. It has been showed by Urban Redevelopment Authority that there has been a 16% increase in the units that were sold in 2016 and 2017. The demand for ECs has increased immensely simply because of the benefits that it brings in. If you are interested in living an EC in the heart of Singapore, here are some of the things that you have to consider.

The Eligibility

The first thing that you have to check is if you are eligible to live in an EC. These eligibility limits are set by the government of the Singapore to bring in the best for those who are in need. You have to be at least 21 years or 35 years if you are applying for joint singles schemes, you have to be a citizen of Singapore, not have an income more than $14000, have a proper family nucleus and have no other operate locally or overseas. If you meet up with the criteria, all that you have to do is to invest in a unit that is best for you at parc life ec Sembawang.

The prices

When it comes to ECs, they are cheaper than Private condos and this can be a major advantage. That is not all, even though it comes at a lower price, it will bring in the same facilities as a private condo and most importantly offer you more floor space. If you are willing to take a look that what you are to invest in, you can simply check out the units that are available Sembawang ec parc life.

Financial help

If you are in need of financial help, you can use bank loans but nothing else because ECs are known to be semi-private properties. Therefore, getting a bank loan to provide you with the financial strength is the best choice that you have.

The facilities

The facilities are another major factor that you should look into. You will be given all the facilities that you are in need of including a swimming pool, a gymnasium, a park, supermarkets, etc. Therefore, when you are investing in an EC, there is no need to worry about the comfort or the safety. When it comes to safety, you will be given high levels of safety all day, every day so that you can live without any worries at all.



Your Apartment Purchasing Checklist

When considering the first big buy in your life, which will most probably be you first apartment, there are a lot of things that you will have to consider. Because you have to be extremely careful during the decision making process. Since its involves so much of money and a big chunk out of what you will be earning, it has to be well thought out before you can come to a decision. You should never make the mistake of buying the first place that you see. Because you just might not know what the other places hold for you. So if you go and visit a couple of places you will understand what one place is lacking compared to the other. and you also have to consider the advice that the experts give you regarding the value of the place and so on, because they have been in the business for many years and they know the in and out of dealing with buying houses.  

And when you go ahead and start looking at the building you have to have a lot of things in mind that you need to check into during your visit. One of the important things that you have to look into is the Northwave EC floor plan which is very important when you are considering buying the house or apartment. Because you need to have a good idea about how the building has been constructed and what the layout of the place is like before you can think if the place is good enough for you or not. And this also good way of considering if the property that you are looking at will be bringing in good value for your money, even in the years to come.  northwave ec balance units

Also when you are visiting the Northwave ec showflat make sure you look into the area very well. You have to make sure to check if the area that the building is in is going to fit into your lifestyle. If all the facilities that you would regularly require are available within easy reach from the property that you are considering. Also you must make sure to check out the building located on close proximity to the property to make sure that there are no clubs or other live music venues which can create noise levels that can bother you. Also make sure you that you have an eye out on the traffic levels in close proximity to the building.  

All of these points have to be in your mind when visiting the place, so that you can make sure you have made a well informed decision about the property.