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TOP 16 SELLING PROJECT LAUNCHES IN SINGAPORE.

PENROSE Launching Soon!

3 MRT STOPS TO CBD. FROM $7XXK ONLY
FROM $7XXK ONLY
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FREEHOLD Launching Soon !

CLOSE TO PROXIMITY TO BEAUTY WORLD MRT, FREEHOLD NOT TO BE MISS !
FREEHOLD

THE LANDMARK Launching Soon !

Most Excitement Development in Prime Central / Downtown Area !
MANIFICENT VIEW

Grange 1866 Launching Soon !

60 UNITS IN DISTRICT 1O NOT TO BE MISS !
FREEHOLD

Hyll On Holland Launching Soon !

319 UNITS IN DISTRICT 1O NOT TO BE MISS !
FREEHOLD
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ONE NORTH GATEWAY Launching Soon !

165 Units with Commercial at 1st Storey. Located RCR, 99 Years leasehold.
District 5

THE VERDALE Launching Soon !

258 Units, Located Jalan Jurong Kechil, 99 Years leasehold.
District 21

KI RESIDENCES Launching Soon !

666 Units, Located Sunset Way, 999 Years leasehold.
999 LEASEHOLD
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Rules for Purchasing of A New Launch Executive Condo

The Ministry of National Development (MND) has announced new rules governing the purchase of new executive condo launch (EC). Aimed at helping home buyers and to regulate ECs in line with the rules that apply to public housing in order to support a stable EC market.

One of the three changes proposed is similar to that for Housing Board purchases, where the cancellation fee for EC buyers who back out of sales and purchase agreements have been cut from 20% to 5%.

Secondly, applicants who are second-timers who buy new executive condo launch EC units directly from developers will have to pay a resale levy. Likewise, the rule will apply to EC land sales launched on or after 9 December 2013.

Lastly, EC buyers will have tighter loan curbs placed on them as the repayments for a mortgage for an EC unit is capped at 30% of the buyer’s gross monthly income. Previously, EC buyers were limited by the total debt servicing ratio, which caps a borrower’s monthly repayments on mortgages at 60% of his gross monthly income. The cap applies to purchases where the option to purchase is granted on or after 10 December 2013.

The above Three rules will apply to EC land sales launched on or after 9 December 2013.

The changes follow similar measures introduced by the HDB and the Monetary Authority of Singapore to encourage financial prudence among buyers of public housing.

With the new measures in place, buyers need to ensure that they can purchase in accordance to their earning capacity and refrained from overstretching their finances and supports an affordable and sustainable EC Market.

Property analysts expect buyers to considerate carefully about buying pricey EC units now as developers have generally increased prices due to the improved EC demand.Visit New Launch Sg Property Homepage for other new launch condo!

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