waterwoods ec

My first stop by at the forest District inside my be in the UK would be a memorable one. I recall sipping a cup of joe within my little apartment that overlooked the river and being enthralled from the rustic charms of nature that spread before my very eyes. What followed next was a tinge of despondence, for the lush greeneries and waters were something which I really could not get in my beloved home country, Singapore.

waterwoods ec

Now, fast-forward 5 years, as well as imagine my excitement when the Singapore government announced the rejuvenation of Punggol since the Waterfront Capital of scotland- the Twenty-first century.

Punggol since the Waterfront Capital of scotland - the Modern day

Historically a fisherman's village and a sleepy estate in recent decades, Punggol is now having a radical transformation into a thrilling waterfront town.

In the middle of their development can be a 4.2 km long waterway that embodies three key design elements: Green, Water the ones. This impressive stretch of waterway comprises lots of different activities and facilities - from recreational to educational - all connected together from the natural landscape of waters and lush greeneries. It is no surprise why Prime Minister Lee Hsien Loong described the waterway like a "green lung in the center of our tight city".

Make no mistake, Punggol is not all nearly undulating landscaped hills and blue waters. By 2015, you will see a new commercial hub and town plaza located right in the MRT station, and the town is poised being as big as Ang Mo Kio (an immensely popular mature estate in Singapore).

I strongly feel that they're valid reasons to make a young purchase of Punggol even though the opportunity remains.

The Lure of Executive Condos

You may ask - will be the possibility to invest there? Yes, also it is in the Executive Condominiums, fondly referred to as 'ECs'.

ECs are in public housing in Singapore but fully developed and sold by private developers. This is a government initiative that caters to homebuyers that are ineligible for your cheaper HDB flats but cannot afford prices of private property.

Because of this, ECs will always be offered by a much lower quantum (usually priced 20-25% lower) as compared to a private condo sticking with the same facilities, hence making the previous a lot more affordable.

In addition, interested EC 1st time clients who qualify for that government housing grants (CPF grant) can take advantage of a subsidy up to SGD $30,000. This is dependent on the combined monthly earnings of the buyers. Another highlight is no resale levy for 2nd time buyers. To discover the eligibility, please make reference to the Housing Development Board's EC Eligibility.

The main consideration for purchasing ECs will be its strong potential for capital appreciation. With a trend analysis, the price of ECs have risen considerably over the years since its introduction into the housing marketplace. Park Green, launched in Apr 03 at $324 psf is now fetching $746 psf, a handsome investment for a lot of. Bishan Loft, launched in 2001 at $421 psf, are now able to fetch above $1000 psf. This means more than a 100% capital appreciation.

After Ten years of ownership, the EC is going to be privatized and is sold to foreigners. A chance to sell to a large market essentially means that there's a larger market of potential buyers to market the EC to.

ECs inside the Punggol Vicinity

Thankfully for the lots who are interested in buying Punggol, there are several upcoming EC launches in the next couple of months.

Found at the heart of Punggol is Waterbay EC. The expected launch date is at Oct 12. Other great investment opportunities in your community include Heron Bay EC and Fernvale EC.

Now, fast-forward another 5 years, once i am sipping my mug of coffee inside the apartment that overlooks the natural landscape and blue waters, it will not be in the UK, but in my beloved home, Singapore.

waterwoods ec

Property Review - Janice is a promising agent at Singapore's leading property agency ERA. She actually is passionate and enthusiastic about helping her clients purchase the very best properties in Singapore.