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Why Investing in Tampines Executive Condominiums Could Be a Good Decision

Why Investing in Tampines Executive Condominiums Could Be a Good Decision

Posted on April 8, 2022April 8, 2022 by 100carsforgood

Why Investing in Tampines Executive Condominiums Could Be a Good Decision

Why investing in EC is a good idea? EC is a class of housing between HDB flats and private condos. Its sales price is usually lower than the equivalent private condo. The price per square foot for ECs is 760 dollars compared to 650-750 dollars during previous launches. According to SLP International Executive Director Nicholas Mak, this development will do well with demand from first-time buyers and upgraders.

EC is a class of housing between HDB flats and private condos

ECs are a hybrid of public and private housing, boasting private estate facilities, yet subject to HDB regulations. At the time of purchase, ECs were a kind of hybrid property, with a public ownership period of five years and a 99-year leasehold tenure. With the recent introduction of the HDB Design, Build and Sell Scheme (DBSS), private developers can now build public housing. While there are some differences between private condominiums and ECs, both housing types are aimed at young families from the middle class.

The main difference between EC and private condos lies in their monthly income requirements. ECs are cheaper than private condominiums, but buyers are required to make monthly payments higher than the maximum income threshold of a private condo. In addition, an EC has a five-year occupancy period, meaning that owners cannot rent out the entire property during the first five years.

Although ECs are cheaper than private condos, they do not come without drawbacks. The price of an EC is usually 20% lower than the price of a private condo. Furthermore, ECs are subject to the same conditions as HDB flats. In addition, buyers can apply for CPF housing grants for their new home. ECs are eligible for both grants. For first-time applicants, a Family Grant is available. For second-time grant applicants, a Half-Housing Grant can be obtained. The Second Time Co-Applicant Grant (SC), a Half-Housing Grant, and a Single-Owners’ Grant are available.

While private condominiums are a better investment option than HDB flats, ECs are typically cheaper. They offer many of the same facilities as private apartments and will continue to appreciate in value in the resale market. In addition, ECs have lower land costs and construction costs compared to private condos. Because of this, ECs can often be a better investment than HDB flats.

One recent EC launch in Tampines is the Arc at Tampines. It offers 574 units, ranging from two-bedders to penthouses. Analysts expect the development to sell well, with demand from first-time buyers and upgraders. One of the most notable features of this development is the grand arches that overlook a basketball court. The grand arches in Block 497 are an Instagram-worthy subject for photographers.

It is built on GLS government land sales

The HDB has released a residential plot at Tampines Avenue 10 with a maximum gross floor area (GFA) of 69,829 sq m. With the land parcel’s prime location, it’s likely to yield 821 dwelling units. The nearby Pan Island Expressway and Kallang Paya Lebar Expressway provide direct access to major business districts in the Tampines estate.

Two prime locations for executive condominiums in Singapore are available in two government land sales programmes. In Tampines Street 62, developers are planning to develop an executive condominium. Both are located on GLS government land sales sites and will have 99-year leaseholds. A successful bidder must ensure that the project will include EV charging points. EV charging points will be built for the Executive Condominiums.

The GLS government land sales programme has released a total of 13 sites. Four sites are on the Confirmed List, while nine sites are on the Reserve List. The Confirmed List is sold by tenders while the Reserve List is put up for tender when the developer specifies a minimum price. Although this is an upper estimate, the number of buyers for this prime site is a sign of strong appetite for land in Singapore.

The EC site in Tampines is a remnant of the second half of 2020 GLS programme. The Covid-19 project has shifted some of the EC sites to the Reserve List for the second half of 2020. It’s worth tracking the two GLS programmes closely. Ideally, you’ll be able to shortlist a handful of properties that match your budget and criteria.

Considering that Tampines Executive Condominiums is a development of two hot GLS sites, it’s important to follow these sites. The URA will release a media statement detailing the sites and their developers. The URA will also release the price quoted in the tender. Once the URA has announced the price, you’ll be able to choose the right property for your needs.

It has a lower sales price than an equivalent private condo

Why does the price of Tampines Executive Condominiums be lower than the equivalent private condo? Because ECs are subsidized by the government and a high proportion of sales are from foreigners. In addition, ECs usually have lower profit margins than private condos, as the land price is subsidised by the government. In addition, ECs are often more luxurious due to government subsidies, which increases the price of the property.

There are many reasons why ECs are better for foreigners. The tenure of ECs is 99-year leasehold, while that of private condominiums is generally freehold. The length of the lease period affects the value and ability to pass the property down for many generations. Additionally, ECs are typically located in locations that are not convenient or far from public transport. Private condos are typically in prime areas, which tend to be more expensive.

For example, the sale price of Tampines Executive Condominiums is about 25% lower than the equivalent private condo. The price difference may be due to the fact that the development is a year older. However, in recent years, the ECs have undergone upgrades to attract more foreign buyers. For this reason, they are a good investment for those who want to downgrade from HDB. However, there are a few negatives. In the first five years of MOP, ECs are not permitted to rent out the entire unit. This may be an issue if you intend to rent out your condo.

In the long run, the low initial selling price of an EC will boost its capital appreciation, so ECs are better than private condos for foreign investors. For HDB buyers who have yet to upgrade, the EC is a cheaper option than private condos. Moreover, you’ll enjoy lower resale prices after privatization. And if you decide to sell your EC, you can do it through the open market.

The development has a conducive environment with good conductivity. In addition, it is located in a mature estate with a good conductivity. It has the potential for both capital appreciation and high rental yields. The average price of Tampines Executive Condominiums is about $1350 psf, which is considerably less expensive than the equivalent private condo. Its low entry price makes it a good exit strategy as well. If you’re planning to sell your condo, you can make a good profit.

It is a good investment for the sandwich class

In Singapore, investing in an EC could be a good idea for the sandwich class. This type of property is a hybrid between private and public housing. It caters to people from the sandwich class, which are on the higher end of the property spectrum, but have a lower income than those in private housing. However, there are some important considerations to consider before buying.

While private condominiums are cheaper than executive condominiums, the sandwich class cannot afford them without government subsidies. Because of this, the government has introduced eligibility schemes to make them affordable for those from the sandwich class. The benefits of investing in executive condominiums include government subsidies, high-quality facilities, and resale appeal. The prime resale value of an EC is around the five-year mark. At that point, it becomes a bid for capital appreciation.

In addition to the DBSS, Tampines Executive Condos are also in an area with high demand for residential property. The area is well-connected with major amenities such as Tampines Regional Centre and Changi Terminal 5. If you’re considering this type of property, consider investing in the Tampines Avenue 10 EC, which will benefit from the coming of the new development. The ECs are good for the sandwich class and those looking to move up from HDB. However, investment in Tampines Executive Condominiums isn’t for the faint of heart.

As a regional centre, Tampines is growing in importance. It will soon be sandwiched between Paya lebar Airbase and Chanqi. These developments will help reduce the reliance of Singapore’s CBD. These plans are expected to increase employment in the area, which will drive the price of property there. This is especially true for the sandwich class.

Marina Gardens Lane Condo at Shenton Way MRT Station Near to Marina Bay Financial Centre

Marina Gardens Lane Condo at Shenton Way MRT Station Near to Marina Bay Financial Centre

Posted on February 20, 2022August 2, 2022 by 100carsforgood

Located just two minutes away from the Marina Bay Sands, Marina Gardens Lane Condo boasts convenient connectivity to three MRT lines and a wide pool of quality tenants. Its PSF is above average. The showflat at Marina Gardens Lane Condo is also a good place to see how much space is available and what the view will be like. If you’re interested in investing in this development, read on to find out more about the property.

Located within the Central Business District, the marina financial hub, and just two minutes away from Marina Bay Sands, this Singapore condo is perfect for those who want to live in the heart of the city. Nearby amenities include Marina Bay, the Downtown MRT station, Shenton Way MRT station, and various bus services. It only takes 10 minutes to drive to Marina Gardens Lane Condo, thanks to the smooth connectivity of major expressways.

The development is home to a comprehensive pedestrian network that connects every part of the condo to the surrounding area. This includes shady sidewalks, underground links, and second-storey walkways. In addition to a comprehensive retail and dining area, Marina Gardens Lane Condo is near several world-class attractions, including Gardens by the Bay, the Singapore Flyer, and the Esplanade Theatres on the Bay. Those who love to play golf will also enjoy being close to this world-class facility.

Nearby attractions include the Esplanade, Suntec City, and the Marina Bay Financial Centre. In addition to these attractions, the Marina Gardens Lane Condo is conveniently close to the Esplanade, the Singapore River, and the Downtown MRT station. The upcoming Downtown MRT station will be a mere ten-minute walk away. Aside from that, the malls at Bayfront and the Esplanade are just a short distance away.

Residents of Marina Gardens Lane Condo will be able to enjoy views of the world-renowned Marina Bay Sands hotel, the iconic Singapore landmark, and the Esplanade. The residence’s interiors include elegant landscaping, intelligent architectural innovations, and luxurious finishes. Some units are furnished with designer fixtures and appliances, and residents can enjoy the facilities of a modern condominium. A 24-hour concierge will also be available to help residents with any requests they may have.

Situated near the central business district of Marina Bay, Marina Gardens Lane Condo is the perfect place for those who want to live in the city’s heart and near everything that the city has to offer. From the Marina Bay Sands to the ArtScience Museum, the Marina Gardens Lane Condo is centrally located and incredibly convenient. Just two minutes walk from the Marina Bay Financial Centre, Marina Bay Sands and Gardens by the Bay, this residence will be the perfect choice for a city-living experience.

Whether you’re commuting on foot or riding a bike, Marina Gardens Lane Condo offers seamless MRT connectivity. Its two residential towers offer a choice of one, two, or four-bedroom apartments. Marina Gardens Lane Condo is also near two Grade-A offices and two meeting rooms that can accommodate 122 people. Located close to three MRT lines: the Circle Line, the Thomson-Little India line, and the N-S line, this development offers easy access to public transportation throughout the city.

Marina Gardens Lane Condo offers easy access to the downtown area. Located in the heart of the Central Business District, it’s accessible by three MRT lines and is within walking distance of the MBFC, the Marina Bay Sands, Raffles Place, and Shenton Way. It is also close to the Greater Southern Waterfront, a major URA master plan that will substantially enhance the property values surrounding it.

Located within the City Centre, Marina Gardens Lane Condo boasts a spectacular combination of Grade-A office space, high-end residential condos, and unique retail options. The site is also flanked by four MRT lines, making it highly accessible and convenient for residents. This landmark development was developed in collaboration between the Singapore and Malaysia governments and enjoys unfair pricing and low land costs. If you’re interested in buying a home in Singapore, you’d better hurry and make an appointment today!

In addition to the two 34-storey residential towers, the Marina Gardens Lane Condo project includes a 30-storey Grade-A office tower. Its design is inspired by rice terraces of South-East Asia, with lush greenery lining the spaces between the towers’ rows of towers. Throughout the complex, there are several pavilions strategically placed for residents’ viewing pleasure. The central garden is a spectacular example of Supergreen architecture. It features over 386 varieties of flora and fauna. A 13-metre waterfall is just one of many features that make the Marina Gardens Lane Condo complex an attractive residential location.

The Park Tower is almost sold out, but its 521-unit Garden tower is set to release soon. This landmark property boasts outstanding rental yields and a thriving tenant pool. In addition to the above, Marina Gardens Lane Condo has an expansive clubhouse, concierge corner, and private dining rooms for residents. The location is ideal for investors seeking capital appreciation and rental yield. For those who are unsure about buying a condominium, Marina Gardens Lane Condo is a safe and secure investment.

For investors who are looking for a prime location in Singapore, Marina Gardens Lane Condo can be a good choice. With two residential towers that are 34 storeys tall, this development offers tenants a variety of unit types that include one-, two-, and three-bedroom units. The buildings are LEED Platinum and BCA Green Mark Platinum-certified. Consequently, investors can be sure to find a high-quality pool of tenants to occupy their properties.

While buying a property in a developing country like Singapore, it is important to consider the future potential of the property. This is particularly true for new launches such as Marina Gardens Lane Condo. This new project beats all the odds. For a start, a large pool of high-quality tenants already lives there, which makes Marina Gardens Lane Condo an excellent option for those looking to rent out their property.

The design of Marina Gardens Lane Condo is exemplary and is known for its impressive amenities. It is designed by Christoph Ingenhoven, a leading expert in sustainable “super green” architecture. The project also uses a huge amount of sustainable technology to improve its micro climate and minimize heat. This resulted in the building winning a prestigious global award in the Sustainable Development category in 2020.

Located near the iconic Marina Bay Sands, this development is easy to spot. You can access the development via Marina Central Expressway. The building is surrounded by many amenities, including a 140,000-square-foot retail podium, a fitness center, and a ‘third-wave’ specialist coffee house, Jewel. This diverse mix of tenants lends credence to the developer’s ‘Live, work, play’ mantra. It may even embody it more fully than other developments.

Another key feature of Marina Gardens Lane Condo is its location. Its location allows for seamless access to the city’s various amenities. Further, it is centrally located, which means you’ll enjoy a great deal of convenience and seamless access to various city and suburban amenities. Moreover, the building’s rent is calculated to attract a broad spectrum of tenants. These characteristics can help you reap high returns from your investment.

The price per square foot of Marina Gardens Lane Condo is comparatively high, commanding from $5.2-$7.5/sq.ft. However, the price tag is not too high compared to the prices of nearby Marina Bay Residences. However, a penthouse unit that measures 6,469 sq.ft sold for $18 million in June, representing a psf of 2,782. Besides the high price, other factors that influence the price of a unit include size, facilities, and amenities.

The median price of a unit at Marina Gardens Lane Condo is S$2,340, with the most expensive unit at S$3,120 per square foot. There are a number of units in the same building that offer the same layout, but at a significantly lower price. The cheapest unit at V on Shenton is just 721 sqft, making the median price of S$2,349/sqf a great value.

The enclave surrounding Marina Gardens Lane Condo is known for its upscale private condos and apartments. As a result, prices are significantly lower than other parts of the Central Business District. However, this development does lack landmass and amenities and is undervalued. The prices are comparable to those of mass-market condos outside of the central region. Therefore, it is advisable to look elsewhere for an apartment.

Another reason that Marina Gardens Lane Condo has a high PSP is that it is located close to the Central Business District. There are plenty of amenities and recreational landmarks nearby, such as the City Hall, Raffles City, Suntec City, and the Marina Square. The Marina Gardens Lane Condo is a good example of a development that is positioned for growth in the city center. With its location, Marina Gardens Lane Condo is likely to be the next big thing to hit the market in Singapore.

If you are looking for a prime waterfront location, Marina Gardens Lane Condo will be a good choice. This new integrated development features a 140,000-square-foot retail podium that is home to signature restaurants, shopping malls, and a food court. Its architecture blends seamlessly with the surroundings to provide a beautiful and tranquil environment. Furthermore, the development is located near many attractions, including the Suntec City and the American College.

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