New Year New EC Launch Review

16-new-ec-launch

With Chinese New Year celebration over, we’ve officially welcomed the year of the Rooster!

If you are thinking of getting married soon or upgrading to a new home, make sure you read this article “The Most Comprehensive List of New EC Launch”.  We have done our research and we are here to introduce, comment and review every single new EC launch without bias.

We are going to share the three topics as the following:

Topic 1 – The Most Anticipating New EC Launch in 2017

Topic 2 – Light at the End of the Tunnel: New EC Launch in 2016

Topic 3 – The Essense of New EC Launch before 2016

S/N EC Project Name EC Location TOP Date (on Paper) Resale Levy Payable
1 > Rivercove Residences Anchorvale Lane 2021 Yes
2 > Hundred Palms Residences
100% Sold
Yio Chu Kang Road 2020 Yes
3 > iNz Residence Choa Chu Kang Ave 5 Aug 2019 Yes
4 > Treasure Crest
100% Sold
Anchorvale Crescent May 2020 Yes
5 Northwave Woodlands Ave 12 Feb 2019 Yes
6 > Parc Life Sembawang Ave Sep 2018 Yes
7 The Visionaire Canberra Drive Oct 2018 Yes
8 > Wandervale
100% Sold
Choa Chu Kang Ave 3 Q1 2019 Yes
9 > The Vales
100% Sold
Anchorvale Crescent Aug 2018 Yes
10 > The Criterion Yishun Street 51 Dec 2018 Yes
11 Signature @ Yishun Yishun Street 51 May 2018 Yes
12 > Sol Acres Choa Chu Kang Grove Mar 2019 Yes
13 Brownstone Canberra Drive Jan 2018 Yes
14 > Westwood Residences Westwood Avenue Aug 2018 Yes
15 > The Terrace
100% Sold
Punggol Drive Mar 2018 No
16Bellewoods Woodlands Ave 5 Nov 2017 No

Topic 1: The Most anticipating New EC Launch In 2017

New EC Launch Inz Residence

Stepping into 2017, there would be a scarcity in new EC launch pipeline, due to the tapering of the Government Land Sale (GLS) Programme in the past 2 years.

The impact of short supply in new EC will be apparent in this year 2017, only 2 new EC launch in 2017, which includes iNz Residence at Choa Chu Kang Avenue 5 and upcoming EC at Yio Chu Kang Road.  There is another upcoming EC at Anchorvale Lane but likely to be launched in first half of 2018.

Choa Chu Kang EC location

iNz Residences – located next to Tengah New Town. 

yio-chu-kang-ec-site-location

Upcoming EC along Yio Chu Kang Road developed by Hoi Hup Realty – near to Rosyth School.  

anchorvale-lane-ec-site

Upcoming EC in Anchorvale Lane, also by Hoi Hup Realty – likely to be launched in 1st half of 2018. 

Topic 2: Light at the End of the Tunnel: New EC Launch In 2016

New EC Launch Parc Life

EC market got off to a good start in 2016 with Wandervale EC with more than 50% take-up rate on the first day of launch.

Followed by Visionaire and Parc Life in the second quarter of 2016.

Despite Frasers Centrepoint’s great proven track record, they didn’t show any slight edge over competing projects in Sembawang. Qingjian’s Visionaire shows higher take-up rate than Parc Life according to caveat lodged as on 1 Feb 2017. The key reason is the shorter distance to the MRT station.

Both Northwave and Treasure Crest were launched in third quarter of 2016.  Being one of the most affordable EC in Singapore, Northwave is located

Treasure Crest is the star performer of New EC launch in 2016. They are the last EC to launch but the first being 100% sold out. That was considered as a tremendous achievement by Sim Lian Group.

Visionaire EC

Topic 3: The Essense of New EC Launch Before 2016

The new EC launch market has cooled down after a series of cooling measures were implemented in 2013.  These include 30% Mortgage Service Ratio (MSR) and a resale levy for 2nd time buyers. Hence some potential buyers couldn’t get sufficient loan amount and/or couldn’t afford the amount of cash required to book an EC.  As a result, the demand in EC has dampened.

new ec launch signature-at-yishun

Fortunately, there was a lifeline happen in August 2015 when PM Lee announced to increase the income ceiling for EC buyers.  However, the new EC launch market still not improves significantly since then.

The key reason is most buyers are very price and product sensitive, with demand skewed towards selected projects.

Hence there are still available units for sale for new EC launch before 2016. These include Westwood Residences, Brownstone, Sol Acres, Signature @ Yishun, The Criterion, The Vales, The Terrace and Bellewoods.

Among these ECs, no resale levy payable for The Terrace and Bellewoods.

new ec launch brownstone
new ec launch westwood-residences
new ec launch the-terrace
new ec launch bellewoods

Note: 

Top Date: The expected TOP date is based on the information on paper given by the developer.  The actual TOP date could be earlier than the TOP date stated on paper.

Which new EC launch are you looking forward to the most in 2017? Let’s discuss in the comments!

The Most Comprehensive List of New EC Launch Overall rating: ★★★★★ 5 based on 3 reviews
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