Warrior88 0 Report post Posted September 22, 2010 This EC can sell now liao. Eastvale Pasir Ris Drive 3 27 Jan 1999 Westmere Jurong East Street 13 27 Feb 1999 Simei Green Simei Street 4 28 Apr 1999 Windermere Choa Chu Kang Street 64 16 Sep 1999 Chestervale Bangkit Road 20 Mar 1999 Pinevale Tampines Street 73 28 Jul 1999 Yew Mei Green Choa Chu Kang North 6 01 Sep 2000 Summerdale Boon Lay Drive 08 Sep 2000 The Rivervale Rivervale Link 28 Jun 2000 The Florida Hougang Avenue 7 *18 Feb 2000 30 May 2000 Northoaks Woodlands Crescent 03 Oct 2000 Woodsvale Woodands Drive 72 05 Aug 2000 The Floravale Westwood Avenue (Jurong West) 13 Oct 2000 The Eden Tampines Street 34 16 Apr 2003 The Dew Bt Batok Street 21 19 Jul 2003 Bishan Loft Bishan Street 11 26 Sep 2003 Lilydale Yishun Avenue 6 29 Mar 2003 Nuovo Ang Mo Kio Avenue 9 #31 Aug 2004 Park Green Rivervale Link 30 Sep 2004 Whitewater Pasir Ris Street 72 *31 Jan 2005 01 Mar 2005 The Esparis Pasir Ris Drive 4 #22 Jun 2005 Share this post Link to post Share on other sites
vowsh 1 Report post Posted September 22, 2010 My sister bought the EC called Woodsvale in woodlands at $590K. last year she sold it off for around $680. think the place is about 8 or 9 years old. i think this amount she made not bad leh for the location. After deduct the loan interest, legal $, renov , the total profit is less than 30k after 8yrs. To me not a good profit. Share this post Link to post Share on other sites
vowsh 1 Report post Posted September 22, 2010 After deduct the loan interest, legal $, renov , the total profit is less than 30k after 8yrs. To me not a good profit. l have 2 coliks who bought ECs in 2000. They bought abt 550k plus. Today they can sell between 650k~720k. After deduct the interest, legal$, agent comm, the return is around 50k, Basically they said regretted buying. If they have bought at subsized HDB flat, the return today is >100%, they can even save enough $$ for pte downpayment. If less than 50k is a handsome profit to all, then I have nothing to say. Share this post Link to post Share on other sites
vowsh 1 Report post Posted September 22, 2010 Those 1st time owners of Bishan Loft EC are making huge profit if they are selling theirs. The asking price is ~$800+psf now. So far, this is the best EC location. Share this post Link to post Share on other sites
Warrior88 0 Report post Posted September 22, 2010 After deduct the loan interest, legal $, renov , the total profit is less than 30k after 8yrs. To me not a good profit. Grant already offest all above + they get free stay Share this post Link to post Share on other sites
bepgof 20 Report post Posted September 22, 2010 (edited) Grant already offest all above + they get free stay How come you know she got grant? Just did a quick check, Woodsvale's transactions volume quite high, 10 year already. Free stay: $1500x12x10yr = $180,000. I stayed at my 5rm for 13 yr before rented out for 11 months @1400, so "earned" free stay 1400x12x13 = $218,400??? may be discount a bit: 1000x12x13 = $156,000?? Edited September 22, 2010 by bepgof Share this post Link to post Share on other sites
Warrior88 0 Report post Posted September 22, 2010 How come you know she got grant? Just did a quick check, Woodsvale's transactions volume quite high, 10 year already. Grant is the carrot attached first timer EC iand the drawing factor that justify the affordable Condo style living when EC was just launch in 2000 Share this post Link to post Share on other sites
vowsh 1 Report post Posted September 22, 2010 Grant is the carrot attached first timer EC iand the drawing factor that justify the affordable Condo style living when EC was just launch in 2000 Buy resale HDB also got grant. Grant = subsized flat for 1st timer. LPPL Share this post Link to post Share on other sites
foursprings 0 Report post Posted September 22, 2010 After deduct the loan interest, legal $, renov , the total profit is less than 30k after 8yrs. To me not a good profit. yes, the 'profit' is nothing to shout about. but given that location, dont lose money can take back a bit can smile liao. i remember some time in 2005 or 2006, she told me can sell off for only $380k... Share this post Link to post Share on other sites
therat 18 Report post Posted September 22, 2010 My sister bought the EC called Woodsvale in woodlands at $590K. last year she sold it off for around $680. think the place is about 8 or 9 years old. i think this amount she made not bad leh for the location. Not a good selling price This price can buy a 3bedroom condo @ bedok in 2003 bought at 583k, sell 790k Is your sis 1st owner? Share this post Link to post Share on other sites
therat 18 Report post Posted September 22, 2010 yes, the 'profit' is nothing to shout about. but given that location, dont lose money can take back a bit can smile liao. i remember some time in 2005 or 2006, she told me can sell off for only $380k... truth. regardless is EC , condo or HDB. All is about location Share this post Link to post Share on other sites
foursprings 0 Report post Posted September 22, 2010 Not a good selling price This price can buy a 3bedroom condo @ bedok in 2003 bought at 583k, sell 790k Is your sis 1st owner? yes, 1st owner. got the i think about 20k grant which was what made it look attractive. Share this post Link to post Share on other sites
foursprings 0 Report post Posted September 22, 2010 How come you know she got grant? Just did a quick check, Woodsvale's transactions volume quite high, 10 year already. Free stay: $1500x12x10yr = $180,000. I stayed at my 5rm for 13 yr before rented out for 11 months @1400, so "earned" free stay 1400x12x13 = $218,400??? may be discount a bit: 1000x12x13 = $156,000?? i heard alot of 1st hand owners could not wait to sell off and move out from there. the location and quality of this EC really cmi especially units facing the main road. northoaks just next door is much better. Share this post Link to post Share on other sites
vowsh 1 Report post Posted September 22, 2010 Not a good selling price This price can buy a 3bedroom condo @ bedok in 2003 bought at 583k, sell 790k Is your sis 1st owner? EC is for long term stay not meant for investment. Cons of investment: Lack of flexibility to sell Cant obtain HDB loan Usually not within MRT distance.Location so so. EC market for middle income Singaporean. High NET worth will not pay for such condo, esp foreigners. Foreigners or PR that can affort to buy condo net worth > our middle income. Require status to showoff. To them buy a EC is like buying a HBD flat. Share this post Link to post Share on other sites
bepgof 20 Report post Posted September 22, 2010 (edited) Grant is the carrot attached first timer EC iand the drawing factor that justify the affordable Condo style living when EC was just launch in 2000 Any idea "how big" the carrot wasin 2000? Edited September 22, 2010 by bepgof Share this post Link to post Share on other sites
