Is it good to buy EC?
EC will generally get a higher capital appreciation in future because they are sold like private properties although they are bought as subsidized units with grants. And a larger pool of potential buyers to tap on after the privatization of the EC. Executive Condo also can be rented out like any other private condo.
How long can sell EC?
Executive Condominium or EC will reach their Minimum Occupation Period (MOP) after 5 years and will be fully privatised after 10 years from TOP (Temporary Occupation Permit). If you are an EC owner, this means that at minimum, you can only sell your EC after 5 years.
Will EC price increase?
EC PSF Prices Remain Stable after the 10th Year All the ECs see an increase in their PSF prices after they’ve fulfilled their 5-year MOP, before prices typically peak when the property is eight years into their lease.
What is top for EC?
TOP EC is the Executive Condominiums already obtained the key, but Minimum Occupation Period (MOP) of 5 years upon Temporary Occupation Permit (TOP) has not met yet. EC buyers have to fulfil the 5-year MOP before they can sell their EC in the open market to Singapore Citizens or Singapore Permanent Residents.
Can I sell my EC before top?
You will need to meet the Minimum Occupation Period (MOP) of 5 years before you can sell your EC. The MOP is calculated from the Temporary Occupation Permit (TOP) date for your EC. To find out if you have met the MOP, you may wish to check the TOP date for your EC or contact HDB.
How much do EC appreciate?
Today, the average price of an EC unit has appreciated to about $1.04 million.
What is EC?
An Encumbrance Certificate or EC is a certificate of assurance that the property in question is free from any legal or monetary liability such as a mortgage or an uncleared loan.
What is CSC and top?
When the building works are completed, the applicant and the Qualified Person shall apply to the Commissioner of Building Control for a Certificate of Statutory Completion (CSC) or a Temporary Occupation Permit (TOP). The building can only be occupied when a CSC or TOP is granted.
What is resale EC?
#1: Closer to full privatisation One advantage of buying a resale Executive Condominium, rather than a brand new one, is that an EC is fully privatised after 10 years. Crossing this milestone allows you to sell it to foreigners and entities in five years’ time or less, depending on when you buy the resale EC.
How long does EC take to build?
After HDB has approved your application to purchase the EC, which takes about a month, you’ll receive a Sales and Purchase (S&P) Agreement from the developer. You’ll have about 21 days to exercise your right to purchase the unit by signing and mailing back the S&P Agreement.
How much money do I need to buy EC?
Downpayment: Unlike a HDB flat, where you only need to make a downpayment (in Cash/CPF) of as little as 10%, you will need to make a downpayment of 25% when buying an EC.
Why choose the topiary EC?
The residents here will be able to enjoy a range of unrivalled private residence condo facilities and amenities exclusively for resident use. The Topiary EC is a home where style and functionality come together to create an exclusive residence that welcomes you home with luxury every day.
What is Topiary gardening?
Topiary is the horticultural practice of training perennial plants by clipping the foliage and twigs of trees, shrubs and subshrubs to develop and maintain clearly defined shapes, whether geometric or fanciful. The term also refers to plants which have been shaped in this way. As an art form it is a type of living sculpture.
What is the history of topiary – top executive condo?
Welcome to the world of The Topiary – TOP Executive Condo in the North-East Region of Singapore. The Topiary is a beautiful development, 99 years leasehold started from 16 Apr 2012. The actual date of TOP was in 2016/03. It was developed by the well-known property developer, Peak Living Pte Ltd (Kheng Leong).
How much does it cost to buy the topiary?
They won the bid for the land on 5 April 2012, and it works out to about $601 per square foot per plot ratio. It comes with an excellent collection of 700 residential units, offers you the choice of 2, 3, 4 bedrooms, dual key units and penthouses. The Topiary was launched in December 2012, selling price starting from $5xxk onwards.