
Holes could be easily made in the wall without a hammer drill.zzm9980 wrote:Really? That's interesting as plenty of locals and PRs tell me to look for EC condos to buy, as they're built to "HDB Standards" which means they'll last longer than the current crop of new condos popping up every day.x9200 wrote: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.
Condo prices may not fall, but they may stagnate for the next few years. You need to take into account the transaction costs like ABSD and the interest costs.rit wrote:currently we r renting HDB...well not much known about EC...but hope to know more through ur experience if any one of you having ....one more thing need to confirm.. will the property price goes down around this year...as the talk of the town is
Wd40 wrote:Condo prices may not fall, but they may stagnate for the next few years. You need to take into account the transaction costs like ABSD and the interest costs.rit wrote:currently we r renting HDB...well not much known about EC...but hope to know more through ur experience if any one of you having ....one more thing need to confirm.. will the property price goes down around this year...as the talk of the town is
If you are currently staying in HDB then you maintain same std of living by buying a HDB and you take lower risk and lower costs while saving rent. Rental yields on HDB are much higher than condo. So it makes more sense to rent a condo and buy a HDB rather than the other way around.
That's the problem with a fixed rate. You could liken it to taking a wager against the collective opinion of the money markets, then with some added lender margin on top. The likelihood (IME) of the bank rate rising above your fixed rate, i.e. it 'saving you money', is slim.Wd40 wrote:One of my colleagues did this mistake of going for a fixed rate loan in 2010 assuming rates will go up. But rates are still same and he unnecessarily paid higher rates 2.5% instead of of 1.5% for 3 years or 5 years, can't remember.
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