Comparing Tampines EC Prices With Other Past EC Launches in Singapore
Comparing Tampines EC Prices With Previous EC Launches in Singapore, you will learn how the price of this upcoming project compares with other past EC launches in Singapore. If you’re planning to invest in one of these condominiums, it’s important to know what the past prices were for each of them. Here are some examples:
Arc at Tampines
The first EC launch in Singapore, the Arc at Tampines, has sold out in just over a year. The price range for the two-bedroom units is S$741 to $875 per square foot. The penthouses cost S$529 to $635 per square foot. The developer had expected that the price would drop by a good margin as the units are brand new. Despite the high price tag, the development is near reputable schools and shopping centres.
The development is located in a matured township with all the social, recreational, and commercial facilities you would expect. The Tampines Regional Centre and Neighbourhood Centres are nearby, and the Tampines MRT station is interchangeable with Downtown Line 3. A variety of arterial roads and the Tampines Pan Island Expressway make it easy to get around Tampines Town Centre.
Prices are still high, but they’re more reasonable than some previous EC launches. The 99-year-condominiums, for example, were sold for 25 to 30% more than recent EC launches. Developers are also building smaller units to keep the prices under the million-dollar mark. A three-bedder is about 10% smaller than the one launched 10 years ago.
Since the EC price of the Arc at Tampines EC is already higher than other ECs in Singapore, this project could be a good investment if you’re looking for an investment opportunity. ECs have historically been profitable and have seen their prices double or more. With the recent rise in interest rates, the Arc at Tampines EC prices compare with other EC launches in Singapore?
The Arc at Tampines EC is a former executive condominium in Tampines. The developer sold a condo at $1.5 million. Other EC launches in Singapore have gone for more than double that price, so it’s wise to compare the Arc at Tampines EC prices with other EC launches in Singapore before investing. You may even be able to negotiate a better price if you buy early.
There are many reasons to buy into the Tampines EC. The new development has a high-ceiling unit design that is sure to be popular amongst residents and attract real estate investors. The EC is also located close to the United World College and will be ready for occupancy by the second half of 2022. It is an EC, which means that it does not require resale levy, making it an ideal investment choice.
While the prices of ECs are generally more expensive than those of HDB units, they are still a good value. The prime locations of the ECs make them a good buy and there is room for growth. For example, Piermont Grand at Sumang Walk will benefit from the creation of the Punggol Digital District, a government initiative to revitalize the North East. It involves top academia and digital businesses. The Punggol Digital District is expected to create 28,000 new jobs.
There are several factors to consider when comparing Tampines EC prices with other past launches in Singapore. The ECs at Parc Greenwich are among the most affordable units in the country. The ECs in this area are also located in a prime location and could outperform similar projects in the future. This could be a factor in Parc Greenwich’s outperformance over the next decade.
The proximity of the EC to the MRT station is another factor to consider. It is convenient for parents to have their children live close to good schools. They can schedule their time properly and avoid late arrivals. Parents also have the option of walking their children to school instead of rushing to the MRT. Walking them to school will also help them budget their time. The proximity of schools to Tampines EC makes it an attractive option for families with children.
In contrast, Citylife is a good choice for those looking for a posh, central location. This EC is close to MRT, good schools, and shopping malls. It will be a great choice for younger couples. A monthly income of $16,000 is a requirement. The development offers strategic services such as a window for applications. And the prices are comparable to other EC launches in Singapore.
Simei Green Condo
It is possible to compare the current pricing of the Simei Green Condo to past EC launches in Tampines, which have come and gone since the onset of the executive condominium scheme. These enclaves in prime locations are hardly likely to come at a discount. It is possible to make an informed decision by comparing the Simei Green Condo prices with the prices of the same type of private condos next door.
The project has a good location, as it is near a mature estate and is surrounded by amenities such as the Tampines MRT station and the Integrated Transport Centre (ITC). In terms of the amenities and the rental rates, the Simei Green Condo is close to the same price range as similar sized HDB units. It is also close to the Tampines North MRT station and the future Integrated Transport Centre. It is a good investment for people looking to rent out their units.
When comparing Simei Green Condo prices to past EC launches in Tampines, buyers should consider the location. This development is located within the regional district, close to good schools and the MRT. As with past EC launches in Tampines, the price range for the condo is comparable to private condos. The construction process is prefabricated and offers seamless structural construction.
Simei Green Condominium is accessible via Upper Changi Road East and Tampines Expressway. Both MRT stations are within 380m and 550m. Access to the MRT is easy as the condominium is connected by bus, taxi, or taxi. There is also a diverse range of public transport in the neighbourhood. This allows residents to reach many destinations without hassle.
When comparing Simei Green Condo prices with past EC launches in Tampines, buyers should keep in mind the location and amenities. The location of Tampines EC is excellent, with easy access to public transport and shopping malls. The EC will also be near an upcoming MRT station. When the development is fully developed, the condos will offer access to all areas of the city.
To compare Tampines EC prices with other past Singapore EC launches, we will look at past projects, which were completed at comparable price points. The Tampines EC is near three MRT stations: Tampines, Expo and Simei. The project will also be connected to the Downtown Line when it’s completed in 2020. While there are many advantages of living in an EC, it’s important to note that the prices are not necessarily the same as those of other past Singapore EC launches.
The Rivercove Residences sold for $965 per square foot, which was slightly higher than other recent EC launches. The GLS land sale, for example, was attributed to Chinese developers. With less land to build on, EC prices tend to be higher, which is good for Singapore’s economy. However, the ECs are also heavily subsidised. So, it is worth considering the EC prices before signing up for one.
To be able to make an informed decision about the price of an EC, you must understand its eligibility requirements. In Singapore, you must be a Singaporean or PR to qualify, and you must have a minimum income of $14,000 per month. If you’re not a Singaporean, you’ll have to qualify under one of the four HDB eligibility schemes to purchase an EC.
The Tampines EC is a prime location in the east of the city. The neighbourhood is close to Changi Airport and boasts four major shopping malls. There are plenty of amenities within the EC, including nature parks and supermarkets. In addition, Tampines EC is near public transport stations. The MRT station on the Tampines Downtown Line can be easily accessed from the mall.
The price of an EC unit purchased directly from the developer is discounted by 20 to 25% from a comparable private condominium. However, this difference decreases to 9% after 5 years of MOP, and 5% after ten years of privatization. In addition, ECs are subject to minimum occupation periods, which prevent speculation in properties. In general, however, the cost of an EC unit is lower than the price of an equivalent private condo.