Month: October 2022

When comparing the price of private and executive condominiums, one needs to consider several factors. These factors include the price per square foot, income limit, rent-out options and CPF Housing Grants. If you want to find out if an executive condo is for you, read on!

To qualify for an executive condo, you must earn below a certain income limit. For example, if you make S$16,000 per month, then you are not eligible for executive condos. In addition, you cannot co-own a property and the co-applicant cannot earn more than that as well. However, if both co-applicants earn more than S$16,000 per month, they can combine their funds to make up the remaining 20% downpayment.

While private condos are considered HDB properties for the first 10 years, executive condominiums are built by private real estate developers. The government subsidises the price of executive condos and allows the use of …

The relaunch price has dropped by 22 per cent from the original price. It is now expected to sell for S$1,023 psf ppr, according to ERA Realty’s valuation. The new relaunch price is a good opportunity for developers to replenish their land bank.

Park View Mansions

Developers in Singapore are stepping up their land banking efforts via the collective sales market. This is evident in the recent acquisition of Park View Mansions, which is situated in the Jurong Lake District for $260 million. The property is subject to a 99-year lease that started on October 1, 1976. Developers ERA Realty, CEL Development, and TK 189 Development, a partnership firm of KSH Holdings, were successful in winning the tender. Each developer will hold a 40% stake in the property. The joint tender fee was $100,000.

The relaunched enbloc attempt for Park View Mansions comes at a time when the residential …