6 Reason Why Anchorvale Crescent EC will be a Successful Investment Portfolio Builder
Piermont Grand: New Launch Punggol EC in 2019
Piermont Grand is the new Executive Condominium in Punggol after the long wait. It is located about 10 min walk away from Punggol MRT station. It comprises over 800 units.
The investment opportunities in Singapore is an irresistible offer when it comes to the executive condo.
Following the announcement by National Development Minister Mr. Lawrence Wong, they will not unwind the cooling measure as of now, most of the property buyers started their home hunting trend since April.
I understand that most of the readers may not be familiar with Anchorvale Crescent.
However, you should read my full article to get my points of why executive condo along Anchorvale Crescent is worth more than just a roof.
Is EC a Proven Investment?
First of all, we have to study whether an executive condominium is a proven investment that will contribute wealth to most owners.
A study by property consultancy firm OrangeTee proves that in the longer term, the EC would prove to be a better investment.
OrangeTee’s analyst Celine Chan explains that this is mainly due to the lower initial purchase price and the inflow of cash due to rental income (year 6 to year 10) as restrictions are lifted.
Likewise, this was how the Park Green and Nuovo EC sales came by years ago and many buyers procrastinated.
As a result, the first owners went on to sell for more than double of the original price.
So, I congratulate those buyers that have gotten their units in any executive condo sales.
Of course, this article is to talk about the advantage of owning an EC in Anchorvale Crescent, here are my two cents on the 6 reasons why Anchorvale Crescent EC is a great opportunity not to be missed:
Piermont Grand: New Launch Punggol EC in 2019
Piermont Grand is the new Executive Condominium in Punggol after the long wait. It is located about 10 min walk away from Punggol MRT station. It comprises over 800 units.
#1. It has Great Accessibility
Motorists are easily connected to the rest of Singapore by accessing the CTE, TPE and KPE.
Anchorvale Crescent EC is well-served by the North-East Line. Located in the north-eastern region of Singapore, Anchorvale Crescent is linked to the new green lung, Sengkang Riverside Park where the residents can relax and spend your quality time with friends and family.
Anchorvale Crescent EC is just 2-min walk to the Cheng Lim LRT station which is only 1 station away from Sengkang MRT station.
It is very convenient to travel to the rest of Singapore from Sengkang MRT station as the followings:
Destination (MRT Station) |
Travel Time from Sengkang MRT |
Number of Stations |
---|---|---|
Serangoon Interchange |
9 min | 4 |
Little India Interchange |
20 min | 9 |
Dhoby Ghaut Interchange |
22 min | 10 |
Chinatown Interchange |
24 min | 12 |
Outram Park Interchange |
26 min | 13 |
Harbourfront | 29 min | 14 |
Raffles Place | 26 min | 12 |
Orchard | 25 min | 12 |
Changi | 34 min | 14 |
#2. It is close Top School and Education Institution
It is 6-min walk to Nan Chiau Primary School.
Nan Chiau Primary is known over the years for its 100% PSLE passing rate in Singapore.
There will be a future secondary school and a junior college along Anchorvale Crescent EC.
Having a top school nearby is a bonus for the neighbourhood and residents alike.
#3. The Price is Affordable
New price tag for EC is $1,000psf to $1,100psf.
Yes you see it right! The price tag for new launch EC has gone up from $750psf to over $1,000psf within 4 years.
However, EC still has its own charm. As only new EC facilitates the process for your purchase without paying ABSD eventhough you own a HDB.
The 3 bedroom layout for new EC is very practical. Best suit for a common family.
#4. It has Potential Price Appreciation
Refer to the past history, there is huge room for appreciation of the executive condo price after the five years MOP or after privatization. From the records, many units of the executive condo sold for over double their original price after attaining privatization.
At privatization, all the EC projects were profitable but here are the developments which stood out:
Rank | Project Name | Location | Completion | Average Profit Upon Privatized |
---|---|---|---|---|
1 | Bishan Loft | Bishan | 2003 | + 166% |
2 | The Dew | Bukit Batok | 2003 | + 123% |
3 | Nuovo | Yio Chu Kang | 2001 | + 120% |
4 | Park Green | Buangkok | 2001 | + 118% |
5 | The Eden | Tampines | 2003 | + 110% |
6 | Whitewater | Pasir Ris | 2005 | + 110% |
7 | Lilydale | Yishun | 2003 | + 106% |
8 | The Esparis | Pasir Ris | 2005 | + 98% |
9 | Summerdale | Jurong West | 2000 | + 57% |
10 | The Floravale | Jurong West | 2000 | + 49% |
‘Buying a Toyota, selling a Lexus’
The executive condo is really a wonderful scheme, it protects middle-income Singaporeans from competition and ensuring very market-friendly way of allowing them to buy a condominium at very affordable prices.
I can give you an analogy, it’s like offering you a Toyota at Lexus price. But only Singaporean has the privilege by doing so, and they know that in due course the price will go up to Lexus or above Lexus.
It is no surprise why some buyers see executive condo as an investment opportunity not to be missed.
#5. It is situated in a Well Planned Town
A new town in the making, Sengkang is now seen as a highly desirable place to live, work and play. New homes will be developed as we progressively embark on our plans to develop Sengkang.
• Sengkang Sport Complex
• Sengkang Riverside Park
More amenities will be provided in Sengkang to ensure a comfortable living environment:
• Compass One shopping mall next to Sengkang MRT will open in September 2016
• Sengkang General Hospital and Community Hospital will open in 2018
More options for shopping and dining for the residents in Sengkang can look forward to easy access to Waterway Point which is just one MRT station away.
#6. Nice Layout
Most often we could find the bad layout in some of the show flat, whereby the kitchen or the bedrooms are too small.
But this would not happen in Anchorvale Crescent EC.
I have seen the show flat of the EC whereby the nice layout of the unit makes it seem larger than they actually are.
The kitchen is squarish, the dining room is able to put in a dining table with 6 to 8 seater, the common bedroom is approximately 9 square meter, etc.
Piermont Grand: New Launch Punggol EC in 2019
Piermont Grand is the new Executive Condominium in Punggol after the long wait. It is located about 10 min walk away from Punggol MRT station. It comprises over 800 units.
Plan For Yourself is very Important!
In conclusion, as a lot of people never plan anything before going to showflat, they usually end up paying more for a less ideal unit; thereby making less profit as compared to a better valued unit.
I’m a Property Consultant, Stephen Chong.
If you want to find out more, you can contact me for 1-1 non-obligatory discussion.
Based on your current situation, I can work out the best plan for you!
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