HDB and Condo

[nate mummy]

New EC at Pasir Ris is launching, Belysa…How many of you is interested? any thoughts?

[dicky]

30plus:

dicky, for your points:


1. wrong. the 20K limit applies to investment products only. housing is not included. how i know? i am doing that right now.

2.the procedure is correct. you need to apply before you rent out the whole flat. however, the approval comes in about 20 minutes time even in odd hour. i doubt there is human approval. so, i tend to agree with hquek. if you fulfill MOP, the approval is automatic. how i know? i did before.

3. the cpf rules are pretty straightforward. their website has all the info you need. don't really need to be a lawyer to understand.

Tks 30plus
1. If what you say is true. It is good news. At this point we have yet to use CPF to part pay bank loan instalment. So didnt know 20K doesn't applies to 2nd pty purchases.
2. Am saying that MOP differs depending on when you bought your HDB flat. Before 30 Aug 2010, understand MOP is 3 years if fully paid up. Later MOP changed to 5 years irregardless of whether HDB unit is fully paid up. The fastest way to check if you had reached MOP and eligible to rent out, not many people remember the HDB date of purchase. Not saying the official approval where you submit the tenant details and such.
3. Agreed, the rules are all there. Just spend time search loh... Just saying for questions on procedure like how to apply for usage of CPF and related issues, ask lawyer or banker to cut-short the learning curve lah....
Thks for explaining, will take care not to post if not sure... :oops:

[micollh]

any good conco/EC to recommend near ECP ?

[ohdaddy]

micollh:

any good conco/EC to recommend near ECP ?

Hi micollh. Depends on budget and new or old. Which part of ECP? Tanjong Rhu-Amber, Marine Parade-Siglap, Bedok to Bayshore?

[micollh]

ohdaddy:

micollh:

any good conco/EC to recommend near ECP ?

Hi micollh. Depends on budget and new or old. Which part of ECP? Tanjong Rhu-Amber, Marine Parade-Siglap, Bedok to Bayshore?

tanjong Rhu area has new condo ? last time i used to stayed with my aunt there.. very nice place.. the environment is great !

any that u have to recommend? new better

[ohdaddy]

micollh:

ohdaddy:

[quote=\"micollh\"]any good conco/EC to recommend near ECP ?

Hi micollh. Depends on budget and new or old. Which part of ECP? Tanjong Rhu-Amber, Marine Parade-Siglap, Bedok to Bayshore?

tanjong Rhu area has new condo ? last time i used to stayed with my aunt there.. very nice place.. the environment is great !

any that u have to recommend? new better[/quote]You are right, I don't think Tanjong Rhu has new condo. Amber area very popular esp those next to Parkway Parade like Silver Sea if you want.

You might want to try http://www.iproperty.com.sg or http://www.propertyguru.com.sg

[micollh]

thanks ohdaddy… i want to start to do my "homework"… hee

[dicky]

micollh:

thanks ohdaddy.. i want to start to do my \"homework\"... hee

If buying Amber area for investment not stay, would exercise caution. Prices all-time high, rent is good for a while until the area become congested due to more condos TOP, and the possiblity of up-coming MRT construction in estimate 3 - 4 years time. If buy for rent, do take note of falling rental since tenants hate inconvienience.

However if buying to stay or have holding power of a few year to make up for falling rental, by all means do the homework. It would be a great area to look at......

Good luck... :rahrah:

[micollh]

thanks. it’ll for staying.

[tankee]

micollh:

any good conco/EC to recommend near ECP ?

not concern about whether it is near any specific school? :?