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THAT NOBODY IS TALKING ABOUT



Assessing North Gaia Executive Condo as an Investment. Click to Open/ Close If
you are checking out North Gaia EC from a financial investment angle, here are
some points worth considering. Cost Brand-new executive condos are constructed
by private developers, but generally cost 15% to 20% lower than for new personal
apartments close by.



North Gaia Executive Condo - Official Website



And potential buyers might get up to the optimum 75% housing loan, income
permitting, even for those with outstanding home mortgage. No ABSD payable
either. On the other hand, calculations for loan quantum utilizes the 30% MSR
(Home Mortgage Servicing Ratio), which is just half the TDSR (Total Financial
Obligation Maintenance Ratio) permitted personal home mortgage.


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Ironically, on the very same income, you could probably get almost two times as
much loan for a personal residential or commercial property. The excellent news
is that this loan constraint does not apply to resale ECs. Resale ECs are dealt
with like any other personal apartment, where the higher TDSR limitation of 60%
applies. Which suggests Need More Info? to you choose to sell your EC after the
MOP (Minimum Occupation Period), your buyers have the ability to get a higher
loan if needed, and for that reason able to pay a higher quantum.


North Gaia EC at Yishun Ave 9 - Showflat 61008160



The biggest systems, those with quantums that a person would not have thought
might get adequate loan under the MSR, have actually been among the first to
offer. Probably to cash-rich buyers, or those partly funded by the bank of
mum-and-dad.:: Value In spite of their lower pricing, ECs are usually
practically on par with suburban personal apartments in regards to finishes and
fittings.



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However executive condos usually don't include one bedroom systems in their mix.
And very few, if any, two bedders. This is because they are targeted at
families, since they must be owner-occupied during the first five years of MOP.
Thus spaces tend to be more large, and there are more family-friendly features
such as larger kitchen areas and backyards.


:: Capital Appreciation With their lower entry prices, ECs tend to enjoy a
greater Roi (ROI). Due to the fact that with time, resale EC rates do relocate
to close the space with those of comparable personal condominiums. There is
typically one dive upon reaching the MOP, when systems can be offered to
Singapore residents or PRs.







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