Discuss about where to live, renting a property, tenancy issues, property trend and property investment in Singapore.
-
singapore-ec
- Newbie
![Newbie Newbie]()
- Posts: 2
- Joined: Wed, 15 Apr 2015 5:02 pm
-
Quote
-
0
login to like this post
Post
by singapore-ec » Wed, 15 Apr 2015 5:15 pm
We are an Indian couple and have been living in Singapore for more than 3 years. We are planning to buy 2/3 room apartment here. As we are not PR (never applied), we can only buy 10 year old ECs. Our budget is 600K to 700k with Initial down payment of 300K to 350K. (Dont wish to transfer money from outside Singapore)
Anyone has brought EC recently. Would like to know their experience such as how to approach agents, process of getting bank loans, etc
Thanks
-
Wd40
- Director
![Director Director]()
- Posts: 4657
- Joined: Tue, 04 Dec 2012 10:53 am
-
Answers: 1
- Location: SIndiapore
-
Quote
-
0
login to like this post
Post
by Wd40 » Wed, 15 Apr 2015 5:28 pm
You accumulated 350K in 3 years in Singapore? Good job man!
Let me know if you find any ECs at that price. From what I know ECs after 10 years are as pricey as private
condos. Melville park is one of the cheapest 2Br
condo that I know off that is advertised at 800K you will probably get it for 700k after negotiation.
-
singapore-ec
- Newbie
![Newbie Newbie]()
- Posts: 2
- Joined: Wed, 15 Apr 2015 5:02 pm
-
Quote
-
0
login to like this post
Post
by singapore-ec » Wed, 15 Apr 2015 6:10 pm
Initially we are considering
condo but after viewing couple (the new one in St. Michael’s Road & one old condo near Crawford Lane) of
condos, we dropped the idea. For us, it’s not value for our money (1 Small bed room+ some space for 700K).
3 year 350K is not tough if you plan well…. It’s not my savings, it’s our savings

-
Wd40
- Director
![Director Director]()
- Posts: 4657
- Joined: Tue, 04 Dec 2012 10:53 am
-
Answers: 1
- Location: SIndiapore
-
Quote
-
0
login to like this post
Post
by Wd40 » Thu, 16 Apr 2015 8:48 am
If you looking for something that close to the city, its going to be expensive, regardless of whether it is
condo, ec or even hdb.
You can look at something in siglap area like the bayshore. It's a nice area, I really like that place.
-
PNGMK
- Moderator
![Moderator Moderator]()
- Posts: 9245
- Joined: Thu, 21 Mar 2013 9:06 pm
-
Answers: 11
- Location: Sinkapore
-
Quote
-
0
login to like this post
Post
by PNGMK » Thu, 16 Apr 2015 7:30 pm
I didn't think non PR/SC could buy EC at all? Aren't they built with HDB subsidy?
I not lawyer/teacher/CPA.
You've been arrested? Law Society of Singapore can provide referrals.
You want an International School job? School website or
http://www.ISS.edu
Your rugrat needs a School? Avoid for profit schools
You need Tax advice? Ask a CPA
You ran away without doing NS? Shame on you!
-
Wd40
- Director
![Director Director]()
- Posts: 4657
- Joined: Tue, 04 Dec 2012 10:53 am
-
Answers: 1
- Location: SIndiapore
-
Quote
-
0
login to like this post
Post
by Wd40 » Thu, 16 Apr 2015 7:42 pm
Once EC is more than 10 yrs old it becomes same as a private
condo and can be sold to foreigners.
-
PNGMK
- Moderator
![Moderator Moderator]()
- Posts: 9245
- Joined: Thu, 21 Mar 2013 9:06 pm
-
Answers: 11
- Location: Sinkapore
-
Quote
-
0
login to like this post
Post
by PNGMK » Fri, 17 Apr 2015 7:34 am
Wd40 wrote:Once EC is more than 10 yrs old it becomes same as a private
condo and can be sold to foreigners.
Thanks. Amazing. The TRE brigade must froth at the mouth at that one.
I not lawyer/teacher/CPA.
You've been arrested? Law Society of Singapore can provide referrals.
You want an International School job? School website or
http://www.ISS.edu
Your rugrat needs a School? Avoid for profit schools
You need Tax advice? Ask a CPA
You ran away without doing NS? Shame on you!
-
Barnsley
- Manager
![Manager Manager]()
- Posts: 2319
- Joined: Tue, 10 Jun 2008 5:22 pm
- Location: Pasir Ris
-
Contact:
-
Quote
-
0
login to like this post
Post
by Barnsley » Fri, 17 Apr 2015 9:48 am
PNGMK wrote:Wd40 wrote:Once EC is more than 10 yrs old it becomes same as a private
condo and can be sold to foreigners.
Thanks. Amazing. The TRE brigade must froth at the mouth at that one.
I doubt it as they are the ones who probably feel that they are gonna be making the killing.
If its good for the pocket , who cares about principles right?
Life is short, paddle harder!!
-
x9200
- Moderator
![Moderator Moderator]()
- Posts: 10075
- Joined: Mon, 07 Sep 2009 4:06 pm
- Location: Singapore
-
Quote
-
0
login to like this post
Post
by x9200 » Fri, 17 Apr 2015 10:52 am
PNGMK wrote:Wd40 wrote:Once EC is more than 10 yrs old it becomes same as a private
condo and can be sold to foreigners.
Thanks. Amazing. The TRE brigade must froth at the mouth at that one.
I lived in such a condo and I would never buy anything there (at least for a regular price). The quality, I mean materials including walls and fixtures, was very inferior to anything else I lived in before and after.
Typically ECs are cheaper and not that well regarded by the locals as the regular
condos.
-
Wd40
- Director
![Director Director]()
- Posts: 4657
- Joined: Tue, 04 Dec 2012 10:53 am
-
Answers: 1
- Location: SIndiapore
-
Quote
-
0
login to like this post
Post
by Wd40 » Fri, 17 Apr 2015 11:07 am
x9200 wrote:PNGMK wrote:Wd40 wrote:Once EC is more than 10 yrs old it becomes same as a private
condo and can be sold to foreigners.
Thanks. Amazing. The TRE brigade must froth at the mouth at that one.
I lived in such a condo and I would never buy anything there (at least for a regular price). The quality, I mean materials including walls and fixtures, was very inferior to anything else I lived in before and after.
Typically ECs are cheaper and not that well regarded by the locals as the regular
condos.
Are you a condo owner or still renting? I am getting to the point where every extra year that I rent, its going to hurt me.
I have blown away about 120k in rental in the last 6 years. I didn't think initially when I got here I will stay here this long.

-
Barnsley
- Manager
![Manager Manager]()
- Posts: 2319
- Joined: Tue, 10 Jun 2008 5:22 pm
- Location: Pasir Ris
-
Contact:
-
Quote
-
0
login to like this post
Post
by Barnsley » Fri, 17 Apr 2015 11:27 am
Wd40 wrote:
Are you a
condo owner or still renting? I am getting to the point where every extra year that I rent, its going to hurt me.
I have blown away about 120k in rental in the last 6 years. I didn't think initially when I got here I will stay here this long.

So you haven't saved anything at all whilst being here?
Would you have been better off if you had stayed in India rather than living in Singapore for the past 6 years?
Life is short, paddle harder!!
-
x9200
- Moderator
![Moderator Moderator]()
- Posts: 10075
- Joined: Mon, 07 Sep 2009 4:06 pm
- Location: Singapore
-
Quote
-
0
login to like this post
Post
by x9200 » Fri, 17 Apr 2015 11:45 am
Wd40 wrote:Are you a
condo owner or still renting? I am getting to the point where every extra year that I rent, its going to hurt me.
I have blown away about 120k in rental in the last 6 years. I didn't think initially when I got here I will stay here this long.

Still renting. First the prices were too high, now when it's getting better we can not buy for personal reasons.
-
Wd40
- Director
![Director Director]()
- Posts: 4657
- Joined: Tue, 04 Dec 2012 10:53 am
-
Answers: 1
- Location: SIndiapore
-
Quote
-
0
login to like this post
Post
by Wd40 » Fri, 17 Apr 2015 11:48 am
Barnsley wrote:Wd40 wrote:
Are you a
condo owner or still renting? I am getting to the point where every extra year that I rent, its going to hurt me.
I have blown away about 120k in rental in the last 6 years. I didn't think initially when I got here I will stay here this long.

So you haven't saved anything at all whilst being here?
Would you have been better off if you had stayed in India rather than living in Singapore for the past 6 years?
I have saved(actually grown, is the right word as I kept remitting to India for higher returns) about thrice that amount and you are right I am much better off here than India. But still the fact remains that 6 years of rent paid is wasted.
-
Barnsley
- Manager
![Manager Manager]()
- Posts: 2319
- Joined: Tue, 10 Jun 2008 5:22 pm
- Location: Pasir Ris
-
Contact:
-
Quote
-
0
login to like this post
Post
by Barnsley » Fri, 17 Apr 2015 11:58 am
Wd40 wrote:Barnsley wrote:Wd40 wrote:
Are you a
condo owner or still renting? I am getting to the point where every extra year that I rent, its going to hurt me.
I have blown away about 120k in rental in the last 6 years. I didn't think initially when I got here I will stay here this long.

So you haven't saved anything at all whilst being here?
Would you have been better off if you had stayed in India rather than living in Singapore for the past 6 years?
I have saved(actually grown, is the right word as I kept remitting to India for higher returns) about thrice that amount and you are right I am much better off here than India. But still the fact remains that 6 years of rent paid is wasted.
If you are better off then clearly its not wasted ......
Is all money you spend that is not on "assets" wasted?
Life is short, paddle harder!!
-
-
Buying a condo in Singapore
Replies: 11
First post
Does it make more sense to buy a condo in Singapore rather than to pay rent to the landlords?
Last post
I already own - the issue is that this distorts the market unevenly. It swings to the market towards the new units and away from the resale units.
- 11 Replies
- 5747 Views
-
Last post by PNGMK
Wed, 20 Jan 2021 9:02 am
-
-
- 0 Replies
- 3461 Views
-
Last post by kiwiinsg
Wed, 16 Feb 2022 11:56 am
-
-
Buying property in Singapore as dual-nationality
Replies: 7
First post
Hi - I'm aware that Americans can buy property without the ABSD, but what if they have dual nationality e.g. American and French?
Additionally,...
Last post
Hi nomadinsg, I'm in the same situation - EP tied to one passport while wanting to use American passport for ABSD exemption. Did you find out more...
- 7 Replies
- 7659 Views
-
Last post by nomadinsg
Mon, 08 May 2023 11:01 am
-
-
Buying fish in Singapore
Replies: 132
First post
I recently restarted eating meat after like 15 years, thanks to my health screening results of low vitamin B12 and D, which is common among...
Last post
Meatless biryani as in using impossible meat? Or just vegetables. I've been looking for egg biryani recently, but not many places seem to sell it....
- 132 Replies
- 42827 Views
-
Last post by Lisafuller
Wed, 24 May 2023 10:55 pm
-
-
Buying items from Malaysia - GST in Singapore
Replies: 4
First post
Anyone can clarify, for grocery items bought in Malaysia, would one need to declare in Singapore's customs? Came across this article in CNA.
Last post
I wonder does anyone really declare to the custom if he/she had just done $150 of grocery shopping from Johor Bahru?
Curious :-k
The amount...
- 4 Replies
- 13084 Views
-
Last post by Pal
Mon, 20 Nov 2023 12:21 am
Users browsing this forum: No registered users and 4 guests