New Lauch Executive Condo At Yishun Avenue 11

[Daven395 0]

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Edited August 18, 2010 by Daven395

[matrix0405 0]

How much psf for 3-rm?

[Warrior88 0]

Chinese developer MCC Land's ... Heard its like $750

[delirious_jeff 0]

This EC is next to Lilydale, right? Quite ulu, don't you think?

[matrix0405 0]

I think it is ulu, more so @ $750psf. But if ppl rush for it, then got nothing to say.

Got a fren bought Lilydale (dat ulu pl), but now laughing to the bank.

[dagger168 0]

I think it is ulu, more so @ $750psf. But if ppl rush for it, then got nothing to say.

Got a fren bought Lilydale (dat ulu pl), but now laughing to the bank.

Lilydale 3br all asking for above 700k, guess they try to benchmark against Estuary. If I recall correctly that area is near some sewage treatment site?

[MagMag123 0]

CBRE marketing site was pushing this EC now.. and heard that the respond was good..But i do think that this place was very Ulu....i live in Yishun too but i need to take 2 feeder bus to go back to my home...and wondering if its worth to invest this EC

[delirious_jeff 0]

Condo in "ulu" sites provide their internal feeder bus service to nearest MRT station... typically (not always).

In my opinion, if you belong to the "sandwiched" group, earning more than 8k but less than 10k, buying a "subsidised condo" apartment seems like a good deal. If the EC is near MRT, that EC is a "must have!"

Still, I think you need to consider if repaying the housing loan is well within your financial capability factoring in the uncertainties in the economy these days.

Just to share... A relative of mine bought an EC near a Seagate plant way up north some 10+ years ago. After selling EC, repaying the outstanding loan (which remained a lot), they are now renting out a place to serve out a 30-month period. After renting out a place for 30 months, he complained there would not much cash left and he betting on the property prices to drop soon. Nevertheless, he is thankful that he is able to transfer the debt (interest) incurred to the buyer.

[Warrior88 0]

Your relative could actually still make profits by buying resale HDB while serving the 30mth period. Yishun populations is 170K. Justify to make another MRT. Thomson Line will definitely include Yishun. Once EC near MRT, potential gain at least 200 per sq ft.

[MagMag123 0]

Condo in "ulu" sites provide their internal feeder bus service to nearest MRT station... typically (not always).

In my opinion, if you belong to the "sandwiched" group, earning more than 8k but less than 10k, buying a "subsidised condo" apartment seems like a good deal. If the EC is near MRT, that EC is a "must have!"

Still, I think you need to consider if repaying the housing loan is well within your financial capability factoring in the uncertainties in the economy these days.

Just to share... A relative of mine bought an EC near a Seagate plant way up north some 10+ years ago. After selling EC, repaying the outstanding loan (which remained a lot), they are now renting out a place to serve out a 30-month period. After renting out a place for 30 months, he complained there would not much cash left and he betting on the property prices to drop soon. Nevertheless, he is thankful that he is able to transfer the debt (interest) incurred to the buyer.

hmm... From what i know the Good thing about EC is that after 5 years u can purchase a re-sale HDB and either rent it or sold it... is that true?

[therat 18]

hmm... From what i know the Good thing about EC is that after 5 years u can purchase a re-sale HDB and either rent it or sold it... is that true?

http://askhdb.hdb.gov.sg/Home/hybrid/Theme...&Selected=2

Q: I own an Executive Condominium (EC) which is still within the Minimum Occupation Period (MOP). Am I allowed to buy other residential property?

A: No, EC owners are not allowed to acquire a share in another residential property/HDB flat within the MOP.

If they do so, they will infringe the Executive Condominium Housing Scheme Act and HDB can compulsorily acquire their EC unit.

EC MOP is 5 yrs from TOP.

I think you are right

[Warrior88 0]

EC Project Location TOP Date / High ($PSF)

1 Eastvale Pasir Ris Drive 3 27 Jan 99 / $701

2 Westmere Jurong East Street 13 27 Feb 99 / $603

3 Simei Green Simei Street 4 28 Apr 99 / $653

4 Windermere Choa Chu Kang Street 64 16 Sep 99 / $543

5 Chestervale Bangkit Road 20 Mar 99 / $536

6 Pinevale Tampines Street 73 28 Jul 99 / $586

7 Yew Mei Green Choa Chu Kang North 6 01 Sep 00 / $589

8 Summerdale Boon Lay Drive 08 Sep 00 / $600

9 The Rivervale Rivervale Link 28 Jun 00 / $580

10 The Florida Hougang Avenue 7 18 Feb 00 / $571

11 Northoaks Woodlands Crescent 03 Oct 00 / $537

12 Woodsvale Woodands Drive 72 05 Aug 00 / $530

13 The Floravale Westwood Ave (Jurong West) 13 Oct 00 / $591

14 The Eden Tampines Street 34 16 Apr 03 / $642

15 The Dew Bt Batok Street 21 19 Jul 03 / $643

16 Bishan Loft Bishan Street 11 26 Sep 03 / $806

17 Lilydale Yishun Avenue 6 29 Mar 03 / $542

18 Nuovo Ang Mo Kio Avenue 9 31 Aug 04 / $674

19 Park Green Rivervale Link 30 Sep 04 / $598

20 Whitewater Pasir Ris Street 72 31 Jan 05 / $630

21 The Esparis Pasir Ris Drive 4 22-Jun-05

22 The Quintet Choa Chu Kang Street 64 23-Oct-06

23 La Casa Woodlands Drive 16 *22 Feb 08

About 13 devleopment had attain the 10years. Most of them profit from $100 ~ $250 per sq ft.

[MagMag123 0]

EC Project Location TOP Date / High ($PSF)

1 Eastvale Pasir Ris Drive 3 27 Jan 99 / $701

2 Westmere Jurong East Street 13 27 Feb 99 / $603

3 Simei Green Simei Street 4 28 Apr 99 / $653

4 Windermere Choa Chu Kang Street 64 16 Sep 99 / $543

5 Chestervale Bangkit Road 20 Mar 99 / $536

6 Pinevale Tampines Street 73 28 Jul 99 / $586

7 Yew Mei Green Choa Chu Kang North 6 01 Sep 00 / $589

8 Summerdale Boon Lay Drive 08 Sep 00 / $600

9 The Rivervale Rivervale Link 28 Jun 00 / $580

10 The Florida Hougang Avenue 7 18 Feb 00 / $571

11 Northoaks Woodlands Crescent 03 Oct 00 / $537

12 Woodsvale Woodands Drive 72 05 Aug 00 / $530

13 The Floravale Westwood Ave (Jurong West) 13 Oct 00 / $591

14 The Eden Tampines Street 34 16 Apr 03 / $642

15 The Dew Bt Batok Street 21 19 Jul 03 / $643

16 Bishan Loft Bishan Street 11 26 Sep 03 / $806

17 Lilydale Yishun Avenue 6 29 Mar 03 / $542

18 Nuovo Ang Mo Kio Avenue 9 31 Aug 04 / $674

19 Park Green Rivervale Link 30 Sep 04 / $598

20 Whitewater Pasir Ris Street 72 31 Jan 05 / $630

21 The Esparis Pasir Ris Drive 4 22-Jun-05

22 The Quintet Choa Chu Kang Street 64 23-Oct-06

23 La Casa Woodlands Drive 16 *22 Feb 08

About 13 devleopment had attain the 10years. Most of them profit from $100 ~ $250 per sq ft.

Oh thanks Warrior....so you think its a good buy too?

[Warrior88 0]

Oh thanks Warrior....so you think its a good buy too?

Govt GLS for EC ($300~350), so developer after construction ($700~750)

With this 5/10 years restriction, and at this price. You could easily buy other development

at this price. Unless the EC is at good location.

[sporty 0]

hmm... From what i know the Good thing about EC is that after 5 years u can purchase a re-sale HDB and either rent it or sold it... is that true?

Yes, you may buy another resale hdb and rent/sell the EC.